Resorts World Manila invests as competition looms

Resorts World Manila is gearing up for increased competition from new resorts in Manila and is spending about $650 million to double its gaming and hotel room capacity by 2017, the Philippine Daily Inquirer cited chief operating officer Stephen Reilly as saying in an interview.
Resorts World Manila was developed and operated by Travellers International Hotel Group, a venture between tycoon Andrew Tan’s group and Malaysia’s Genting. It was the first integrated resort to open in the capital, but competition is increasing fast with the opening last year of Bloomberry Resorts’ Solaire property and the upcoming entry later this year of the City of Dreams, a venture between Belle Corp and Melco Crown Entertainment.
Reilly told the newspaper that, overall, the increased competition will be positive for the market. He said at present, about 18,000 patrons visit daily but foot traffic can shoot up to as high as 32,000 to 34,000 during busy days.
The entry of new players “can also beat the drum” and send a louder message to the rest of the world that a lot more is happening in Metro Manila, he said.