Newport World Resorts operator sees EBITDA rise in Q2
EBITDA was up by 21 per cent despite a drop in GGR quarter-over-quarter.
The Philippines.- Travellers International Hotel Group, the company that operates the Newport World Resorts casino complex, has shared its financial results for the second quarter of the year. EBITDA increased by 21 per cent quarter-on-quarter to PHP2.5bn (US$44.1m), aided by growth in mass gaming and reduced costs and expenses. EBITDA for the first half was up 11 per cent rise in comparison to the same period 2024.
The company reported net revenue of PHP9.2bn (US$163m) for the April-June period while Newport World Resorts generated gross gaming revenue of PHP7.5bn (US$132m), a slight decline from PHP7.9bn (US$139m) in Q1. Non-gaming revenue remained stable at PHP1.7bn (US$30m) with 90 per cent hotel occupancy.
Travellers International parent company Alliance Global Group (AGI) reported a 39 per cent year-on-year jump in net income to PHP19.2bn (US$339m) in the first six months of 2025.
Kevin L Tan, AGI president and CEO, said: “AGI delivered strong results in the first half of the year, benefitting from a buoyant domestic economy despite ongoing global uncertainty. Our Group took advantage of pockets of opportunities in the market to boost our residential and retail sales, as well as our office take-up. Our tourism and leisure segments also enjoyed increased activities and occupancy, tapping into the increasing demand for staycations and MICE events.
“Even our spirits segment sustained its recovery in sales, a testament to the strength of its brands that have been expanding their presence in the local and international markets. Our strong performance was also accompanied by ongoing cost-efficiency measures, which we implemented across all our business segments. By managing our costs, we hope to enhance our operating leverage to ensure a more robust growth in profit as the economy further recovers.”
Earlier this week, Newport World Resorts named Wee Li Chua as its chief digital and customer experience officer. The company described him as a “seasoned professional with over 15 years of experience”. He most recently served as vice president for information technology at Inspire Entertainment Resort, in South Korea.
