Monday, July 15, 2024

Search Results

Alliance Global Group eyes plan for another six hotels by 2028

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.

Alliance Global Group to expand casinos beyond Manila

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

Catholic church/business groups oppose Boracay casinos

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.

Newport World’s net revenues increased 27 percent, surpassing the pre-pandemic level

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.

AGI buying rest of shares in Newport World Resorts from failed Genting HK

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.

Resorts World Manila allocated $75m expansion fund

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.

RWM shareholder to provide $151.3 million capital injection

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.

Laurence Hawke appointed new CFO for Newport World Resorts operator

Seasoned casino finance veteran Laurence Hawke is going to be joining the operator of Newport World Resorts, in Manila, as the group’s new Chief Financial Officer.

Departure of Newport World Resorts top executives part of transition plan: AGI

The parent company of Philippine integrated resort operator Newport World Resorts says that the recent drastic changes in management were all part of a transition plan after the group assumed full ownership of the IR's operating company.

Double-digit drops in VIP GGR cause strong fall in income for Newport World Resorts

Newport World Resorts has a yearly drop in gross gaming revenue of some 16 percent, to PHP7.5 billion, according to the most recent results announced by its parent group.