• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 28 June 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 bucks Manila gaming trend as revenue, profit up sharply in 1Q25

Ben Blaschke by Ben Blaschke
Fri 16 May 2025 at 16:00
Southern Son
32
SHARES
801
VIEWS
Print Friendly, PDF & Email

Travellers International Hotel Group Inc, the operating entity of Manila’s Newport World Resorts (NWR), said Adjusted EBITDA rose by 42% year-on-year to Php2.1 billion (US$37.7 million) in the first three months of 2025, underpinned by gaming revenue growth and “intensified cost management efforts”.

Gross gaming revenue (GGR) was up 6% year-on-year to Php7.9 billion (US$142 million), which Travellers said in a Friday filing was due to recovery in the VIP segment amid better hold rate. The company noted a 3% decrease in promotional allowance to Php2.1 billion due to lower gaming points issued and reduced revenue sharing arrangements.

The year-on-year improvement in GGR and EBITDA is in stark contrast to recent Manila market trends, with the collapse of the POGO industry and general macro weakness seeing most operators report significant declines in their VIP gaming revenues.

As previously reported by IAG, NWR underwent a major shakeup in June 2024 with long-time CEO Kingson Sian, COO Hakan Dagtas and CFO Bernard Than all departing on the same day.

NWR also booked a 4% increase in non-gaming revenues to Php1.8 billion (US$32.3 million), driven mainly by “hectic” domestic and international tourism which allowed for higher hotel occupancy rates and improved retail spending, the company explained.

Occupancy rates across the five hotels at NWR ranged from 85% to 95%, improving from 75% to 90% a year ago.

“Despite ongoing macro headwinds, we maintain our optimistic outlook for the balance of the year,” said Travellers chairman Kevin Tan. “We have laid out exciting plans across our various business segments, ready to take advantage of the resilient consumer spending and a resurgence in global economic activity. We look forward to sustaining our robust start and being able to finish strong.”

Core revenues at NWR came in at Php7.7 billion (US$138 million), up 8% year-on-year.

Travellers’ 1Q25 financials formed part of parent company Alliance Global Group’s (AGI) results release, which saw the group report a 9% year-on-year increase in revenues to Php55.3 billion (US$994 million), a 35% increase in EBITDA to Php18.9 billion (US$340 million) and 100% increase in net profit to owners to Php8.42 billion (US$151 million).

AGI’s interests include real estate development via Megaworld Corporation; spirits manufacturing through Emperador Inc, the Philippines’ McDonald’s franchises through Golden Arches Development Corporation (GADC) and infrastructure development through Infracorp.

RelatedPosts

More fun in the Philippines

IAG EXPO – Exhibitor registration closing soon!

Fri 27 Jun 2025 at 06:31
Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

Hong Kong listed Palasino reports slight increase in revenue, profit in FY25 thanks to growing slot machine count

Fri 27 Jun 2025 at 06:13
SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

Suntrust’s US$1.25 billion Manila casino development facing further delay of up to nine months

Fri 27 Jun 2025 at 05:46
Alliance Global Group’s Megaworld signs partnership agreement with Accor, to open Mercure hotel in Cebu

Alliance Global Group’s Megaworld signs partnership agreement with Accor, to open Mercure hotel in Cebu

Thu 26 Jun 2025 at 06:15
Load More
Tags: GamingKevin TanNewport World ResortsPhilippinesprofitrevenueTravellers International Hotel Group
Share13Share2
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
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

More fun in the Philippines

IAG EXPO – Exhibitor registration closing soon!

by Ben Blaschke
Fri 27 Jun 2025 at 06:31

The cut-off for exhibitors to confirm their participation at the inaugural IAG Exhibition, part of IAG EXPO, closes next Monday 30 June 2025. Don’t miss out on this important event for the Asian gaming industry. All companies who exhibit at IAG Exhibition in...

Inside Thai IRs

Thailand’s Entertainment Complex Bill now at bottom of parliamentary agenda

by Newsdesk
Fri 27 Jun 2025 at 06:26

Thailand’s Entertainment Complex Bill will now sit at the bottom of the list of agenda items to be discussed by the House when it convenes after being deprioritized. It will not fall off the agenda completely, however, because this can...

Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

Hong Kong listed Palasino reports slight increase in revenue, profit in FY25 thanks to growing slot machine count

by Newsdesk
Fri 27 Jun 2025 at 06:13

Palasino Holdings Limited, the Hong Kong-listed gaming firm spun off from Hong Kong real estate giant Far East Consortium, has reported a profit of HK$15 million for the year ended 31 March 2025, slightly more than the HK$9 million reported...

FBM launches slot title “Croc’s Lock” into Mexico

FBM launches slot title “Croc’s Lock” into Mexico

by Newsdesk
Fri 27 Jun 2025 at 06:00

Gaming supplier FBM has announced the launch of its latest slot machine title, “Croc’s Lock”, into Mexico. Croc’s Lock is a 30-line slot based around the character Super Croc. Working with 15 independent reels, it offers gaming sessions where Super...



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