Alliance Global Group extends share buyback programme
The company has also increased its allocation for programme by PHP2bn.
The Philippines.- Alliance Global Group (AGI), owner of Travellers International Hotel Group (operator of Newport World Resorts casino and leisure complex in Manila) has extended its current share buyback programme by one year to December 31, 2026. The company has also increased its allocation for the programme by PHP2bn (US$35.9m), bringing the budget for repurchases to PHP11bn (US$197.3m).
AGI originally launched the programme in October 2021. As of April 2025, it had spent PHP8.62bn (US$154.7m) of the PHP9bn (US$161.4m) previously allocated. The programme has already been extended three times.
For the first quarter of the year, Travellers International Hotel Group reported Newport World Resorts posted gross gaming revenue (GGR) of PHP7.9bn (US$141.6m). That’s an increase of 6 per cent in year-on-year terms. The company attributed the rise to higher win rates in the cash tables and VIP segments.
The company reported net revenue of PHP7.69bn (US$137.8m), up 7.84 per cent year-on-year and a segment profit of PHP101.4m (US$1.82m), up nearly 700 per cent. Earnings before interest, taxation, depreciation and amortisation (EBITDA) was at PHP2.1bn (US$37.7m), up 42 per cent year-on-year.
