• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 25 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Newport World Resorts parent denies reports that executive departures linked to embezzlement

Ben Blaschke by Ben Blaschke
Mon 10 Jun 2024 at 15:55
GGR at Manila’s Newport World Resorts down slightly to US$153 million in 2Q23

Newport World Resorts

130
SHARES
3.3k
VIEWS
Print Friendly, PDF & Email

Alliance Global Group, Inc (AGI), the parent company of Newport World Resorts (NWR) operator Travellers International Hotel Group, Inc (TIHGI), has denied local media reports claiming the recent sudden departures of senior casino executives may have been linked to embezzlement.

Media outlet Bilyanaro.com reported over the weekend that the exit of former TIHGI President Kingson Sian, COO Hakan Dagtas and CFO Bernard Than earlier this month had “sparked speculation about potential financial misconduct behind their sudden departure”, citing comments by AGI CEO Kevin Tan at a town hall meeting in which he said, “Anyone who crosses the line, whether long serving or new, regardless of their position, will face consequences for wrongdoing.”

In a Monday filing following a request for clarification from the Philippine Stock Exchange, AGI said it “wishes to clarify that the departure of Mr Kingson U Sian, Hakan Dagtas and Bernard Than … is due to the conclusion of the year-long transition plan for TIHGI since AGI’s assumption of full ownership of the latter on 30 May 2023.

“Mr Sian had initially deferred his planned retirement in 2022 to lead the company through the transition period. The positions of Mr Dagtas and Mr Than, who were members of TIHGI’s management team with AGI’s former venture partner, are part of the transition plan, paving the way to AGI’s management team to helm TIHGI moving forward.

“Further, the statements attributed to Mr Tan in the article only articulates the policy implemented across the AGI Group, underscoring the significance of integrity among its ranks. Such statements are motivated by AGI’s strong commitment to drive the organizations within its group to new heights, a feat only attained through principled members of the group. We hope that this clarifies the matter.”

Inside Asian Gaming was first to break the news of the executives’ departures from NWR earlier this month, which has seen former Philippine Airlines CFO Nilo Rodriguez appointed new CEO and former Chief Casino Officer Lance Gautreaux as new COO.

AGI assumed full ownership of TIHGI after its former partner, Genting Hong Kong, filed for bankruptcy in early 2022.

RelatedPosts

Philippines IRs see combined GGR fall 10.6% to US$778 million in 2Q25

Philippines IRs see combined GGR fall 10.6% to US$778 million in 2Q25

Thu 24 Jul 2025 at 17:43
Studies show dramatic rise in online gambling during COVID-19 lockdowns

Survey finds most Filipinos who gamble online prefer regulated sites due to concerns over safety, legitimacy

Wed 23 Jul 2025 at 13:45
Editorial – Land of sunshine

Philippines online gaming industry warns 50,000 jobs at risk if total ban imposed

Wed 23 Jul 2025 at 05:57
FBM Foundation donates ambulance ​to Baliwag City Hemodialysis Center

FBM Foundation donates ambulance ​to Baliwag City Hemodialysis Center

Wed 23 Jul 2025 at 04:44
Load More
Tags: Alliance Global GroupcasinoembezzlementHakan Dagtaskingson sianManilaNewport World ResortsPhilippines
Share52Share9
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

by Pierce Chan
Fri 25 Jul 2025 at 05:45

According to data from Macau’s Statistics and Census Service (DSEC), a total of 2,891,003 visitors arrived in Macau in June, representing a year-on-year increase of 13.3%. Mainland China remained the primary source of visitors to Macau in June, with 1,995,627...

Philippines IRs see combined GGR fall 10.6% to US$778 million in 2Q25

Philippines IRs see combined GGR fall 10.6% to US$778 million in 2Q25

by Ben Blaschke
Thu 24 Jul 2025 at 17:43

The Philippines’ integrated resorts generated gross gaming revenues of Php93.4 billion (US$1.65 billion) in the first six months of the year, accounting for around 43.4% of the local gaming industry’s GGR according to information from Alejandro Tengco – the Chairman...

Pitch! lands at iconic Sydney Opera House for Regulating the Game 2026

Pitch! lands at iconic Sydney Opera House for Regulating the Game 2026

by Newsdesk
Thu 24 Jul 2025 at 14:49

Pitch! @RTG, the dynamic innovation showcase of the Regulating the Game conference, returns on 10 March 2026 with even more energy, impact and ingenuity - elevating its platform in the breathtaking Yallamundi Rooms at the iconic Sydney Opera House. Designed...

2021: Japan IR – Crunch time part 2

Nomura: Strong VIP volumes at Marina Bay Sands bodes well for Genting Singapore’s own hotel upgrade decision

by Ben Blaschke
Thu 24 Jul 2025 at 14:24

The impressively strong performance of its Singapore rival Marina Bay Sands (MBS) bodes well for Genting Singapore and its decision to invest in hotel room enhancements at Resorts World Sentosa (RWS), according to Nomura analysts. It also suggests that RWS...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English