Alliance Global Group, one of the leading conglomerates in the Philippines, has announced plans to invest a whopping US$300 million in the development of a new casino resort on the iconic island of Boracay. The news comes as a surprise to many, considering the recent closure of the island for environmental rehabilitation.
The decision to build a casino on Boracay has been met with mixed reactions from the public, particularly environmentalists who have long been advocating for the protection of the island’s natural beauty. However, Alliance Global Group is confident that their project will be a game-changer for Boracay’s tourism industry.
According to sources within the company, the new casino resort will be a world-class destination that will not only cater to high-end gamblers but also provide top-notch amenities for all types of travelers. The resort will feature luxury accommodations, fine dining restaurants, a state-of-the-art casino, and a variety of entertainment options.
Alliance Global Group has already secured the necessary permits from the Philippine Amusement and Gaming Corporation (PAGCOR) to proceed with the project. Construction is set to begin later this year, with the grand opening expected in 2022.
In a statement, Alliance Global Group Chairman Andrew Tan expressed his enthusiasm for the project, stating that the company is committed to creating a world-class destination that will boost tourism and create jobs on the island. He also emphasized the importance of responsible gaming and sustainable development in the planning and construction of the resort.
The decision to invest in a casino on Boracay is a bold move for Alliance Global Group, especially considering the challenges that the island has faced in recent years. However, with their track record of success in the hospitality and gaming industries, the company is confident that they can create a resort that will not only attract tourists but also contribute to the overall economic growth of the Philippines.
As the project moves forward, it will be interesting to see how the local community and environmentalists react to the development. Will this new casino resort be a boon for Boracay’s economy, or will it be met with resistance from those who are concerned about the island’s future? Only time will tell, but one thing is for sure: Alliance Global Group’s US$300 million investment is bound to make a significant impact on the future of Boracay.
