{"id":30833,"date":"2022-06-16T03:11:08","date_gmt":"2022-06-16T06:11:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30833"},"modified":"2026-04-23T07:44:12","modified_gmt":"2026-04-23T10:44:12","slug":"__trashed-4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/__trashed-4","title":{"rendered":"Partner in Resorts World Manila to spend US$75m on expansion plans"},"content":{"rendered":"\n<p>Alliance Global will back up Travellers International Hotel Group Inc&#8217;s expansion plans by injecting PHP4bn (US$75m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- Alliance Global,&nbsp;one of the partners in <strong>Resorts World Manila<\/strong>, is to expand its leisure and entertainment offerings following an&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/resorts-world-manila-ggr-up-43-in-q1\" target=\"_blank\">improvement in gross gaming revenue<\/a>&nbsp;amid an easing of Covid-19 countermeasures in the country.<\/p>\n\n\n\n<p>The company has announced it will raise PHP4.0bn (US$75.0m) to support the<strong>&nbsp;expansion plans of Travelers International Hotel Group Inc<\/strong>, the operator of RWS. <strong>Alliance Global Group Inc<\/strong>&nbsp;said the funds will be used for Travelers International&#8217;s ongoing expansion projects.<\/p>\n\n\n\n<p>The company added that Resorts World Manila is now open for conferences, incentives, conferences and exhibitions and its hotels are accepting more occupants, improving the tourist flow in the region after&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-philippines-to-reopen-to-fully-vaccinated-tourists\" target=\"_blank\">The Philippines reopened its borders<\/a>&nbsp;to fully vaccinated tourists.<\/p>\n\n\n\n<p>For the first quarter of the year, the company reported gross gaming revenue was up 43 per cent to PHP6.5bn (US$124.4m) when compared to last year. Core revenues grew 29 per cent year-on-year to PHP4.8bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alliance Global will back up Travellers International Hotel Group Inc&#8217;s expansion plans by injecting PHP4bn (US$75m).<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Alliance Global Group Inc. is injecting PHP4bn (US$75m) into its subsidiary, Travellers International Hotel Group Inc., operator of Resorts World Manila, to fund ongoing expansion projects. This capital infusion follows a significant 43% year-on-year increase in Q1 GGR to PHP6.5bn, driven by the easing of COVID-19 restrictions and the reopening of The Philippines' borders to tourism and MICE events.","focusai_entities":"Alliance Global, Travellers International Hotel Group Inc, Resorts World Manila, Alliance Global Group Inc","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Expansion ROI Projections?","query":"What are the specific financial projections, including anticipated GGR and non-gaming revenue uplift, associated with Travellers International Hotel Group Inc.'s PHP4bn expansion, and what is the expected timeline for achieving these returns?"},{"label":"Competitive Landscape Shift?","query":"How will Resorts World Manila's enhanced capacity and offerings, post-expansion, strategically reposition it within the Philippine integrated resort market, particularly concerning its competitive advantage against existing and potential new entrants?"}],"footnotes":""},"categories":[163,16333],"tags":[22146],"class_list":["post-30833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-resorts-world-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30833","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=30833"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30833\/revisions"}],"predecessor-version":[{"id":30869,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30833\/revisions\/30869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}