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| Fact or bluff? |
Macau casino operator Galaxy Entertainment Group (GEG) is said to be looking to expand into the Philippines.
The GEG is said to team up with Leisure and Resorts World Corp. for the project.
The GEG subsidiary Galaxy Casino plans to have an integrated resort project in a still undisclosed location. The joint venture is said to spend between $300m and $500m to bring the project to fruition.
This was not the first time that GEG planned to set up shop in the Philippines.
According to a Reuters report, sources at the Philippine Amusement and Gaming Corporation (PAGCOR) said that in 2012, GEG was interested in opening an integrated resort in Manila’s Entertainment City gaming zone. However, the plan failed to materialize.
But this time, GEG’s plan is likely to push through.
GEG could benefit from the fact that its local partner Alfredo Benitez is currently a member of the House of Representatives for the Third District of Negros Occidental. Benitez is also tight with Duterte, who announced this summer that he was keeping a slot on his party’s ticket open for Benitez should he decide to run for a Senate seat in 2019.
Takeaway
With Beijing’s crackdown scaring away many Chinese VIP gamblers and junket operators to seek refuge in Manila, it is only logical for GEG to follow their patrons.
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Betting on Sports 2017 promo video
SBC Events will be holding the Betting on Sports 2017 Conference at London’s Olympia Conference Center from September 13 to 15 and CalvinAyre.com will bring you the widest coverage of the event.
| GLOBAL ROUND UP |
| ASIA |
Tropical storm Hato has flooded some integrated resorts and took at least three lives as it ravaged Asia’s premier gaming hub.
| AUSTRALIA |
Australian-listed casino operator The Star Entertainment Group posted AUD264.4 million net profit for last year—a 36 percent rise from AUD194.4 million (US$153.55 million) in 2015.
| SOUTH AMERICA |
Ladbrokes and Cirsa’s Sportium project is set to launch its online operations in Colombia before the year ends.
| FACT YOU NEED TO KNOW |
The biggest jackpot prize in the world, the $1.56 billion Powerball jackpot, was divided into thirds after winning tickets were recorded in three different US states in 2016.
| WORD OF THE DAY |
Ball Draw Machine—a device which mechanically scrambles a set of numbered balls, and then randomly draws from that mix to determine the winning numbers for a specific game.
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iGaming Idol proudly presents iGaming Academy as Educational Partner
The iGaming Academy is this year’s iGaming Idol educational partner where it will give out over €7,000 worth of free training to the award winners.
| SHOUT OUT |
Stephen Chidwick, you’re the man! Chidwick won his second €25,500 Single Day High Roller title at the PokerStars Championship in Barcelona after defeating 112 entrants to take the €690,400 first prize..
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