Philippines conglomerate Alliance Global Group (AGI) has identified six sites in the country for new hotels, expected to be operational over the next five years.

Philippines conglomerate Alliance Global Group (AGI) seeks to expand its casino resort ventures outside of Manila to reach fast-growing areas.

The Catholic Church and local business groups are calling on the government to stop a plan to allow casinos on the island of Boracay in the Philippines.

Travelers’ International Hotel Group, the gaming and leisure subsidiary of Philippines conglomerate Alliance Global Group (AGI) and operator of Manila’s Newport World Resorts, recorded net revenues of PHP 23.3 billion ($417 million) in the first nine months of the year, exceeding its pre-pandemic level and reflecting a growth of 27 percent year-on-year.

Alliance Global Group (AGI) has sealed a deal to take over all shares held by the failed Genting Hong Kong in integrated resort Newport World Resorts, located in Manila.

Alliance Global Group is allocating $75m (PHP4b) for Travellers International’s ongoing expansion projects at Resorts World Manila in 2022, mainly in leisure and entertainment, the group reported to the PSE.

Alliance Global Group said it agreed to provide a PHP7.8 billion ($151.3 million) capital injection into the Travellers International Hotel Group, which operates Resorts World Manila.

Newport World Resorts achieved a new annual high in gross gaming revenues in 2023, topping $600 million, with double-digit returns in its non-gaming revenue.

Enrique Razon Jr., the owner of Bloomberry Resorts, Andrew Tan, the head of Newport World Resorts, and the founder of PH Resorts Group, Dennis Uy, are all ranked among the top 50 wealthiest in the Philippines, according to Forbes' 'Philippines 50 Richest 2023' list.

Alliance Global is putting its money where its mouth is, announcing big plans to expand its hotel capacity to 11,000 rooms, with six new sites already identified.