Gross gaming revenues at Manila’s Newport World Resorts (NWR) grew by 20% quarter-on-quarter in the June quarter, aided by record footfall and strong hotel occupancy, parent company Alliance Global Group (AGI) said in a quarterly update.
While a full breakdown of the Q2 results for NWR operator Travellers International Hotel Group Inc has yet to be published, AGI pointed to a 17% increase in gross revenues compared to the March quarter to Php10.9 billion (US$191 million). Gaming grew by 20% and non-gaming by 8%.
Non-gaming was largely due to hotels and retail operations, AGI said, with hotel occupancy of 84%.
“The NWR complex broke a new record in average daily footfall, hitting 44,000 visitors,” it added. “This allowed for a 38-fold quarter-on-quarter increase in attributable income in the second quarter to Php423 million (US$7.4 million). In the first half [of 2025], net income to owners of Travellers stood at Php434 million (US$7.6 million) on gross revenues of Php20.1 billion (US$353 million).”
NWR recently announced sweeping changes to its management team, with the former CEO, COO and CFO all departing on the same day. They have since been replaced by Nilo Rodriguez as CEO, Lance Gautreaux as COO and Laurence Hawke as CFO.
The company has also outlined plans to spend US$172 million this year on expansion and property upgrades, including NWR’s premium accommodation facilities.
Details of Travellers’ 2Q24 results formed part of a broader summary of AGI’s performance, which saw the group generate consolidated revenue of Php107.5 billion (US$1.89 billion), up 8% year-on-year, and net profit to owners of Php8.8 billion (US$154 million).
The company’s other interests include real estate giant Megaworld – which is also an investor in Westside City – spirits manufacturing group Emperador Inc and McDonald’s Philippines licensee Golden Arches Development Corporation.
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