PHP31.83bn<\/strong> (US$568.4m) for the year 2022. That’s a rise of 90.3 per cent compared to 2021 but down 51.9 per cent when compared to 2020.<\/p>\n\n\n\nNet gaming revenue increased by 109 per cent to PHP21.6bn (US$385.68m). The 455 tables, 2,223 slot machines and 100 EMGs at Newport World contributed 11.8 per cent of Travellers subsidiary Alliance Global Group’s total revenues.<\/p>\n\n\n\n
Revenues from non-gaming activities at the venue rose 86 per cent a year to PHP5.3bn (US$94.63m), driven by higher average room rates, corporate events and MICE activities. Hotel occupancy averaged 66 per cent.<\/p>\n\n\n\n
Travellers stated it \u2018performed remarkably stronger in all quarters of the year as it benefited from the easing of travel restrictions and is now operating at full capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"
Newport World Resorts has posted gross gaming revenue of PHP31.83bn (US$568.4m) for the year.<\/p>\n","protected":false},"author":176,"featured_media":18432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Newport World Resorts, operated by Travellers International Hotel Group, reported a 90.3% year-on-year increase in GGR to PHP31.83bn (US$568.4m) for 2022, alongside a 109% rise in NGR. This robust performance, driven by eased travel restrictions and full operational capacity, also saw non-gaming revenues grow by 86%. The integrated resort's contribution to Alliance Global Group's total revenues was 11.8%.","focusai_entities":"Newport World Resorts, Travellers International Hotel Group, Resorts World Manila, Alliance Global Group","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.8), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Trajectory","query":"What specific market segments (e.g., VIP, mass market, domestic vs. international) drove the significant GGR recovery, and how does this align with pre-pandemic performance benchmarks?"},{"label":"Non-Gaming Diversification","query":"What are the strategic initiatives and capital expenditure plans for further diversifying non-gaming revenue streams, particularly in MICE and hospitality, to mitigate gaming vertical volatility?"}],"footnotes":""},"categories":[163,16333],"tags":[24174],"class_list":["post-777004448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-newport-world-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004448","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=777004448"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004448\/revisions"}],"predecessor-version":[{"id":777004479,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004448\/revisions\/777004479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18432"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}