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Philippines – Alliance Global to invest US$71.5m expanding Newport World Resorts

By - 15 June 2023

Alliance Global Group will spend US$71.5m expanding its Newport World Resorts in Manila as it looks to ‘sustain the strong growth in its gross gaming revenues.’

Revenues hit record levels in 2022, with Allicance looking to invest in ‘the recovery of its non-gaming revenues alongside the resurgence in staycations and MICE activities.’”’

Alliance CEO Kevin Tan said: “AGI has been focused on delivering products and services that create a bespoke and premium lifestyle for our discerning customers. A firm believer of the country’s attractive long-term growth prospects, the Group is betting on the continued improvement in consumer spending.

“Moving forward, AGI will continue to pursue expansion projects that will help put it at a vantage position to elevate the tastes and preferences of the Filipino consumer and customers worldwide with its aspirational product offerings, further reinforcing its position as the country’s truly premium lifestyle conglomerate.”

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