{"id":777005260,"date":"2023-05-16T13:29:45","date_gmt":"2023-05-16T16:29:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005260"},"modified":"2026-04-22T21:56:28","modified_gmt":"2026-04-23T00:56:28","slug":"newport-world-resorts-posts-revenue-of-us140-9m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/newport-world-resorts-posts-revenue-of-us140-9m-for-q1","title":{"rendered":"Newport World Resorts posts revenue of US$140.9m for Q1"},"content":{"rendered":"\n<p>Newport World Resorts has reported that gross gaming revenue was up 36.2 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-&nbsp;<strong>Travellers International Hotel Group<\/strong>, the company that operates the Newport World Resorts casino complex (<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/resorts-world-manila-rebrands-as-newport-world-resorts\" target=\"_blank\">formerly Resorts World Manila<\/a>), has shared its financial results for the first quarter of the year. Revenue was up 62.9 per cent year-on-year to <strong>PHP7.9bn<\/strong> (US$140.9m) while GGR was up 36.2 per cent to PHP8.89bn (US$155.2m).<\/p>\n\n\n\n<p>The company&#8217;s net profit for the first quarter of 2023 was PHP348.7m (US$6.9m). The improvement was due to the normalisation of the company&#8217;s operations to pre-Covid-19 levels as travel and mobility restrictions were lifted.<\/p>\n\n\n\n<p>Net gaming revenue increased by 55.8 per cent to <strong>PHP6.11bn<\/strong> (US$102m) while revenue from non-gaming activities, including hotel, food, drink and other services, reached PHP1.8bn (US$36m) mainly due to the increase in mall goers, hotel occupancy, corporate events and MICE activities.<\/p>\n\n\n\n<p>In 2022, the company reported&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/newport-world-resorts-ggr-up-90-3-in-2022\" target=\"_blank\">casino gross gaming revenue (GGR)<\/a>&nbsp;of&nbsp;<strong>PHP31.83bn<\/strong>&nbsp;(US$568.4m), up 90.3 per cent compared to 2021 but down 51.9 per cent when compared to 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newport World Resorts has reported that gross gaming revenue was up 36.2 per cent.<\/p>\n","protected":false},"author":176,"featured_media":22068,"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 in the Philippines, reported robust financial results for Q1 2023, with gross gaming revenue (GGR) increasing 36.2% to PHP8.89bn. Total revenue surged 62.9% year-on-year to PHP7.9bn, driven by the normalization of operations to pre-pandemic levels and significant growth in both gaming and non-gaming verticals. The company achieved a net profit of PHP348.7m for the quarter, reflecting strong market recovery.","focusai_entities":"Newport World Resorts, Travellers International Hotel Group, Resorts World Manila","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 GGR Outlook","query":"What are the projected GGR and NGR growth rates for Newport World Resorts in Q2 and H2 2023, considering the sustained normalization of international tourism and MICE activities?"},{"label":"Non-Gaming Strategy","query":"How does Travellers International Hotel Group plan to further leverage its non-gaming verticals, such as MICE and retail, to diversify revenue streams and enhance overall profitability beyond gaming operations?"}],"footnotes":""},"categories":[163,16333],"tags":[24174],"class_list":["post-777005260","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\/777005260","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=777005260"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005260\/revisions"}],"predecessor-version":[{"id":777005300,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005260\/revisions\/777005300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}