Newport World Resorts, operated by the Travellers group, saw a strong start to 2025, with gross gaming revenues increasing by 6 percent yearly to PHP7.9 billion ($141.6 million).
The group attributed the higher GGR to ‘higher win rates in both the Cash tables and VIP segments’.
Overall the Travellers segment saw an 8 percent yearly increase in revenues, reaching PHP7.69 billion ($138 million), supported by stable non-gaming revenue of PHP1.8 billion ($32.26 million). The group highlighted that ‘hotel operations continued to benefit from the recovery in both domestic and international tourism’, with occupancy rates across the five hotels in Newport World Resorts ranging from 85 percent to 95 percent.
Travellers saw segment profit of some PHP101.4 million ($1.82 million) during the quarter, up nearly 700 percent yearly.
Travellers accounted to 14 percent of parent company Alliance Global Group (AGI)’s consolidated revenues and income during the quarter.
