A unit of gaming firm Leisure and Resorts World has acquired a 23-hectare property in Boracay, an island in the Philippines, to build its first integrated gaming resort, reports the Philippine Daily Inquirer.

The resort is set to be developed in partnership with Hong Kong-listed Galaxy Entertainment Group.

In a disclosure to the Philippine Stock Exchange, LRW said a subsidiary acquired the property in Barangay Manoc-Manoc, located on the south end of the island.