Alliance Global, owner and operator of Resorts World Manila, said it is seeing signs of recovery following the casino attack in June that left 38 people dead, reports Rappler.
“I think the proof is in the numbers and you can see the traffic coming back. It is averaging 26,000 people a day from the previous average of 28,000 and we’re just in September,” said Alliance Global president Kingson Sian during the annual stockholders’ meeting on Tuesday.
Sian said the loss of the second floor has pushed the firm to expedite its Phase 3 expansion.
The expansion will add three additional casino levels, pushing the casino’s total gaming offering to 650 gaming tables and 4000 slot machines once complete.
“We’re targeting opening the 3rd phase of RWM in the first quarter of 2018 but there might be a chance that we will have a soft opening by late December of this year and that should augment at least what we’ve lost in the 2nd floor,” he said.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Frederic Jean-Marie Winckler, executive vice president and chief creative and brand officer of Melco Resorts & Entertainment, talks with Michael Penn, executive editor of AGB Nippon, about the future of the luxury market in Macau and beyond. Among the topics addressed are the growing importance of digitization and the direction of luxury trends within the premium mass segment.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.