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Tag Archives: Travellers International

Philippines – SunTrust signs 20-year lease with Travellers for Westside City Resorts World

Suncity Group’s 51 per cent-owned Philippines subsidiary SunTrust Home Developers has signed a 20-year lease agreement with Travellers International Hotel Group and Westside to build and operate a casino and hotel at Manila’s Westside City Resorts World. Suntrust will be the ‘sole and exclusive operator and manager of the Main Hotel Casino.’ It will cost…

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 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 – Megaworld to double investment in Westside City Resorts World

Megaworld Corporation, a company fronted by Andrew Tan, is doubling its investment in Westside City Resorts World complex, which will open in 2021 in Entertainment City, Manila Bay. Megaworld said it would ‘invest an additional P54bn for a period of 10 years, more than five times the initial P10bn that was allocated in 2015, mostly…