AGI Boracay Casino – A Resort That Would Elevate Boracay's Tourism

One of the largest conglomerates in the Philippines, the Alliance Global Group Inc. (AGI), announced its plan to build a boutique-style casino resort in Boracay, the construction of which must be completed in late 2025/early 2026. The total investment for the site's development is estimated to be roughly $300 million. It will stand on the AGI's Boracay Newcoast township, taking nearly 150 hectares of land. Boracay is famous for its natural beauties, pristine white-sand beaches, and blooming tourist industry. The area is recognized as a top island destination that attracts guests from around the world. The planned casino resort will further enhance Boracay's position in the global tourism market and is supposed to contribute significantly to the local economy.

Insight of the Boracay Casino Resort Project

Alliance Global Group is a holding company with extensive experience in different industries, from food and beverage to gambling and real estate. The AGI Boracay casino resort is expected to offer various cuisines, amenities, and entertainment. The development of such a massive casino resort highlights the company's commitment to continue improving the Philippines' overall tourism industry, making it a renowned destination, and expanding the labor market in the region. Despite the rise of online casinos in the Philippines, AGI is still willing to invest $300 million in a land-based casino resort catering to tourists seeking exclusive services and world-class gaming experience. The complete list of on-site extras and services has not yet been disclosed, but we expect five-star amenities and services.

The Economic Impact and Job Creation

The AGI's massive investment would inevitably reflect on the local economy, not only from the evident taxes that would be inserted into the regional budget but also by increasing the number of tourists that would spend money in Boracay's restaurants, shops, excursions, transportation, and other businesses. The establishment would open over 5000 job vacancies during the construction and operational phases. That would provide new opportunities for the residents, helping them improve their livelihood and find professional development. The project aligns with the government's National Tourism Development Plan (NTDP) for 2023-2028, whose main target is to place the country among the leading tourist destinations in Asia and bring sufficient funds to help improve the local infrastructure and accessibility. It has been proven that the hospitality sector can sustain Boracay's economy. It will also provide subsidization for preserving the island's environmental integrity.

Improving Tourism in Boracay

The Boracay region is already famous for its beautiful beaches, crystal clear waters, and active nightlife. Still, it lacks a high-class gambling establishment. The development of the casino resort is expected to bring nearly 8 million foreign tourists per year, or at least that is what the Philippine government's goal is. Here are some key benefits that the resort will deliver:

• Boutique-style casino resort design integrated into Boracay's natural landscape
• Luxury accommodations and top-notch amenities
• Professional casino dealers and world-class gaming facilities
• Contributing to the local environmental and economic sustainability
• Creating employment opportunities for residents

As you can see, the resort will combine benefits for tourists, residents, and the overall economy of the Philippines. Simultaneously, it will preserve the island's environment and deliver the resources needed for infrastructural development.

Infrastructural and Environmental Contribution

The Alliance Global Group plans on enhancing the 150-hectare Boracay Newcoast township by maintaining one one-kilometer private beach and adding an 18-hole golf course. The project includes fixing the infrastructure around the resort by creating alleys and proper roads. The corporation also emphasizes environmental sustainability by planning approximately 60% of the 150 hectares for green spaces. The resort will follow the 25+5 (meters) no-build rule to preserve the Boracay ecosystem, meaning no constructions will be built near the beach. Meanwhile, the streetlights and other similar infrastructure will be entirely solar-powered.

Regulatory Landscape in the Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) is the primary regulatory body that oversees all casino operations in the Philippines. It was established in 1976, and ever since, it has ensured the country's fair and regulated gaming environment. It is the authority that issues licenses and supervises gambling establishments. The Alliance Global Group may face specific challenges while navigating through the strict regulatory requirements set by PAGCOR, especially those addressing community concerns about the potential social impact of the casino resort and the competition it presents to existing gambling establishments.

Conclusion & Future Prospects

The Allience Global Group Inc.'s investment in Boracay World Resorts aims to influence the growth of the gaming industry in the Philippines and increase the number of international tourists. Combining the natural island beauties and a boutique-style casino resort would attract tourists from different demographics, improving the Philippines' reputation and making it a premier gaming destination. One of the main strong points of this AGI project is that it combines tourism and environmental sustainability. The establishment will have an eco-friendly design to preserve the Boracay ecosystem and set a new trend for future regional projects. The Boracay World Resorts would also significantly impact the national and local economies by providing many job opportunities and ensuring the growth of the tourism industry.