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Tag Archives: Resorts World Manila

Philippines – Resorts World Manila rebrands to Newport World Resorts

Travellers International Hotel Group, a joint venture between Alliance Global Group and Genting Hong Kong has rebranded its flagship Resorts World Manila (RWM) to Newport World Resorts. The company said: “The country’s premier lifestyle and entertainment destination Resorts World Manila (RWM) is setting a new milestone in the company’s continuing history by rebranding into Newport…

Philippines – Resorts World Manila to delist from Philippine Stock Exchange

Resorts World Manila’s owners; Travellers International Hotel Group, a joint venture between Genting and Alliance Global Group, is planning to delist from the Philippine Stock Exchange (PSE) and go private. Travellers said the move will ‘allow the company to timely address evolving market demands and rapidly changing customer needs without compromising its business strategies to…

Philippines – Resorts World Manila looking for double-digit growth with new floor

Travellers International Hotel Group, (TIHGI), the owner and operating force behind Resorts World Manila is targeting double-digit growth in 2019 as it reopens its second floor closed since the arson attack of 2017 that killed 38 people. TIHGI President and CEO Kingson Sian revealed that with the partial opening of the Grand Wing in 2018,…

Philippines – Resorts World Manila installs 100 seat stadium from Interblock

Interblock has installed a 100 seat stadium at Resorts World Manila, located in Newport City in Pasay, Metro Manila, Philippines. Interblock’s President of Asia Pacific, Michael Hu, said: “We are thrilled to provide the luxury and style of electronic table gaming to RWM. The Diamond Stadium creates a fantastic focal point and unique game design…

Philippines – Resorts World Manila back to its best with 17 per cent growth

Travellers International Hotel Group, owner and operator of Resorts World Manila (RWM), reported audited consolidated financial results with gross revenues increasing 17 per cent to P24.7bn driven by both gaming and non-gaming segments. EBITDA and net profit ended the year at P3.9bn and P1.4bn, respectively. The news is a welcome return to growth following the…

Philippines – Gaming levels up in Q4 as Resorts World Manila recovers from arson attack

Philippines casino operator Travellers International staged something of a recovery in its fourth quarter although its full year revenue was down 27.6 per cent due to the arson attack on its Resorts World Manila that killed 28 people in June. For the fourth quarter, Travellers reported a five per cent increase in revenues from its…

Philippines – Manila rivals move in different directions following arson attack

The local elements behind two of Manila’s leading casinos have seen their third quarter earnings move in different directions with Bloomberry Resorts, the group behind Entertainment City’s Solaire casino recording the second greatest quarter in its history, whilst Travellers, the Philippine-based company behind Resorts World Manila, suffering a 42 per cent revenue decline following the…

Philippines – Resorts World Manila brings forward Phase 3 completion date

Resorts World Manila is speeding up the completion of its phase 3 opening following the deadly arson attack in June which killed 38 people. The operator will not be reopening the second floor of the casino where the attack took place closed and instead is converting it into a new part of its shopping mall….

Philippines – Philippine gaming up despite Manila attack

Despite the atrocities suffered at Resorts World Manila, Philippine gaming regulator PAGCOR has still reported that the casino sector as a whole has posted a 25 per cent increase over the first six months of the year. PAGCOR reported an 8.3 per cent increase in income from gaming operations in the first half of the…