$2 billion hospitality play: Kevin Tan to bring Vegas vibes to Boracay, Cebu
Alliance Global Group Inc. (AGI) is making a bold play in the Philippine tourism and gaming scene with plans to invest close to $2 billion in new integrated resorts in Boracay and Cebu.
The expansion is being led by bilyonaryo Kevin Tan, president and CEO of AGI, as the conglomerate aggressively scales up its hospitality and gaming footprint in anticipation of a strong recovery in both international and domestic tourism.
“In any integrated resort, one of the biggest requirements of PAGCOR is for us to build luxury hotel rooms. So, we’re committed to doing that,” Tan said. “Part of our investments also will be going to other components of tourism, like entertainment.”
While both Boracay and Cebu are already established tourist hotspots, AGI aims to elevate them further with premium gaming, leisure, and hotel offerings.
In Boracay, the new resort will rise within AGI’s 150-hectare township, which already includes an 18-hole golf course and nearly 2,000 hotel rooms. The project is slated to open next year, adding a casino to the island’s growing tourism infrastructure.
The Cebu resort, meanwhile, will be part of the group’s Mactan township. Scheduled for completion in 2026, the project is expected to generate at least 5,000 jobs and further enhance the region’s appeal to upscale travelers.