{"id":11819,"date":"2020-11-16T21:56:23","date_gmt":"2020-11-16T21:56:23","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11819"},"modified":"2026-04-24T00:02:33","modified_gmt":"2026-04-24T03:02:33","slug":"rwm-operator-narrows-losses","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rwm-operator-narrows-losses","title":{"rendered":"RWM operator narrows losses"},"content":{"rendered":"\n

With Philippine casinos allowed a dry run after quarantine, financial results for Travellers International have begun to recover.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Alliance Global Group, one of the joint venture partners in Travellers International, has reported that the hotel and gaming business in the Philippines saw revenues of Php3.7bn (US$76.8m) in the third quarter, up from 1bn (US$20.75m) in the second quarter.<\/p>\n\n\n\n

The owner and operator of Resorts World Manila (RWM) attributed the improvement to Php3.2 billion (US$66.4 million) in gross gaming revenue (GGR). In the same period, the gaming regulator in the Philippines implemented a limited dry run of casino operations with venues operating at 30 per cent capacity and hotels at 50 per cent.<\/p>\n\n\n\n

VIP accounted for Php2.2bn (US$45.65 million) and mass gaming for the remaining 1bn (US$20.75 million). In the second quarter of the year, GGR reached only Php600m (US$12.45m).<\/p>\n\n\n\n

The numbers are still way below the results from the same quarter in 2019, when total revenue was Php8.9 billion (US$184 million) and GGR Php7.3 billion (US$151.5 million).<\/p>\n\n\n\n

Visitation levels remain low, with an average of 4,000 daily visitors in Q3, up from only 1,000 in the second quarter but down from 38,000 last year.<\/p>\n\n\n\n

For the first nine months of the year, Travellers reported a net loss of Php5.4 billion (US$112 million), reversing last year\u2019s net income of Php786 million (US$16.3 million).<\/p>\n\n\n\n

Total gross revenues reached Php11.5bn (US$238m), down 55 per cent year-on-year, with gross gaming revenues at Php9.3 billion (US$193 million).<\/p>\n\n\n\n

Alliance Global Group holds a 50 per cent stake<\/a> <\/em><\/strong>in Travellers.<\/p>\n","protected":false},"excerpt":{"rendered":"

With Philippine casinos allowed a dry run after quarantine, financial results for Travellers International have begun to recover.<\/p>\n","protected":false},"author":2,"featured_media":11821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Travellers International, operator of Resorts World Manila, reported a significant revenue recovery in Q3 2020, reaching Php3.7bn (US$76.8m) with GGR of Php3.2bn, following a limited dry run of casino operations at 30% capacity in the Philippines. Despite this sequential improvement from Q2, year-to-date performance remains challenged with a Php5.4bn net loss and revenues down 55% year-on-year, highlighting the ongoing impact of reduced visitation compared to pre-pandemic levels.","focusai_entities":"Travellers International, Alliance Global Group, Resorts World Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Outlook?","query":"Given the Q3 GGR recovery and current visitation trends, what is the projected GGR and EBITDA outlook for Travellers International in Q4 2020, assuming sustained 30% casino capacity?"},{"label":"VIP vs. Mass Strategy?","query":"How does the disproportionate contribution of VIP gaming to Q3 GGR influence Travellers International's long-term player acquisition and retention strategies for both VIP and mass market segments?"}],"footnotes":""},"categories":[28,16333],"tags":[128,22146],"class_list":["post-11819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-philippines","tag-resorts-world-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11819"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11819\/revisions"}],"predecessor-version":[{"id":11845,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11819\/revisions\/11845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11821"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}