Travellers International Hotel Group, the joint venture entity between Genting Hong Kong and Alliance Global Group that operates Resorts World Manila, reported a 50.3% increase in gross gaming revenues to Php13.54 billion (US$260 million) in 1H19 on the back of increased gaming capacity and hotel room inventory.
VIP proved the biggest mover during the first six months if the year, with the addition of 36 new tables helping table drop rise 66.8% to Php186.20 billion (US$3.57 billion). VIP win was around Php6.15 billion (US$117.9 million).
Mass table drop also grew 16.8% to Php9.10 billion (US$174.5 million) with win of around Php3.05 billion (US$58.5 million), while an increase in the average number of slot machines from 1,449 to 1,822 saw slot machine turnover climb 32.0% to Php67.62 billion (US$1.30 billion).
Travellers said its results were boosted by the opening of 747 new hotel rooms at Hilton Manila Hotel and Sheraton Manila Hotel, with average daily visitation to Resorts World Manila up from 25,670 in 1H18 to 35,626.
EBITDA for the six months ended 30 June 2019 grew 83.3% to Php2.89 billion (US$55.4 million) with net profit for the period of Php842.6 million (US$16.2 million).
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