City of Dreams Leaving LRWC Causes Massive Losses

City of Dreams
May 19, 2018

After the City of Dreams Manila pulled out from the Leisure and Resorts World Corp. or LRWC for short, the total income for the groups’ 1st quarter has plummeted by 69.7% this year. After the financial statements from the firm were released a startling picture has been portrayed, the value of net income for the first quarter of the year previously stood at PHP272.1 million or US$5.46 million but it is now only standing at PHP82.4 million or US$1.57 million. The Causes of the Loss The company did point out that if not for several unfortunate and uncontrollable acts the… Read More

$500 Million Galaxy ENT’s Project Won’t Be Stopped

March 20, 2018

Where there is a will there is a way and Macau’s Galaxy Entertainment Group or GEG really is proving this. Nothing whatsoever will stop the corporation in their plans to erect their new casino resort in Boracay in the Philippines, not even a slight technical issue. What is the technical issue, well the island is getting closed down as a matter of fact. What Galaxy Entertainment Group Had to Say Galaxy Entertainment Group’s subsidiary Leisure and Resorts World Corp or LRWC will continue to build their newest resort and casino property on Boracay despite the imminent closure of the island…. Read More