Travellers International, the operator of Resorts World Manila, has reported that revenue declined by 12 per cent to PHP4.6bn (US$91.2m) in the second quarter of the year.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Travellers International, the owner of\u00a0Resorts World Manila<\/strong>, has shared its financial results for the second quarter of 2021, reporting that gross revenue reached PHP4.6bn (US$91.2m)<\/strong>, down 12 per cent when compared to the previous quarter.<\/p>\n\n\n\n The company said it was\u00a0deeply affected by the closures and countermeasures imposed by the government<\/strong>\u00a0during the second quarter of the year.<\/p>\n\n\n\n Travellers International reported net income of PHP3.74bn for the second quarter. Gross gaming revenues stood at PHP3.4bn, while non-gaming revenues amounted to PHP1.2bn. <\/p>\n\n\n\n The company reported a profit of PHP2.6bn for the first six months of 2021. During the first quarter,\u00a0Resorts World Manila<\/a>\u00a0registered a loss of PHP1.1bn (US$23m)<\/strong>.<\/p>\n\n\n\n Resorts World Manila<\/a>\u00a0along with other casinos in the Entertainment City zone in Metro Manila will remain closed until August 20 following Manila\u2019s government decision to extend the\u00a0general community quarantine (GCQ)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Travellers International, the operator of Resorts World Manila, has reported that revenue declined by 12 per cent to PHP4.6bn (US$91.2m) in the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":21509,"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 12% decline in Q2 revenue to PHP4.6bn (US$91.2m), significantly impacted by government-imposed closures. Despite a net income of PHP3.74bn for the quarter, the integrated resort recorded a PHP1.1bn loss in Q1, with gross gaming revenues at PHP3.4bn. Operations remain suspended until August 20 due to extended community quarantine measures in Metro Manila.","focusai_entities":"Travellers International, Resorts World Manila","focusai_location":"Philippines, Manila, Metro Manila, Entertainment City","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q3 Revenue Projections?","query":"What are the projected Q3 revenue impacts for Travellers International given the extended General Community Quarantine in Metro Manila?"},{"label":"Non-Gaming Diversification?","query":"What strategic initiatives is Travellers International implementing to diversify non-gaming revenue streams amidst prolonged operational restrictions?"}],"footnotes":""},"categories":[163,16333],"tags":[23907,22146],"class_list":["post-21508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino","tag-resorts-world-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21508","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21508"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21508\/revisions"}],"predecessor-version":[{"id":21581,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21508\/revisions\/21581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21509"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}