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HomeNewsDaily Asia Gaming eBrief: Newport World Resorts targeting high-end play/non-gaming

Daily Asia Gaming eBrief: Newport World Resorts targeting high-end play/non-gaming

Good Morning. With maturity comes wisdom. Such is the growth story of Newport World Resorts, with its COO, Hakan Dagtas, noting the growing pains the property has been through in its bid to become the IR of choice in Metro Manila, even as competition heats up. But the group’s renewed focus on the high-end market, as well as its non-gaming, should lead to success, notes the executive. Meanwhile, in Macau, SJM and MGM China are pegged to be outperformers in 1Q24, despite overall market EBITDA only improving marginally sequentially.

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VIP/premium and non-gaming bolster Newport World Resorts IR

The first integrated resort in Manila, Newport World Resorts has reached a certain level of maturity, underlined by now being under a single umbrella group. Hakan Dagtas, COO of the IR, says that 2023 was the best results year for the property since its opening, and the group is planning to heavily invest in being a non-gaming attraction. On the gaming side, competition is tough, but the group continues to focus on its international VIP, while also targeting local VIP and premium mass, with the executive lauding the open business environment embraced by PAGCOR’s current leadership.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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