Newport World Resorts has reported net revenue of PHP7.3bn for the three months to September 2023.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Alliance Global Group <\/strong>has reported through a company filing that Travellers International Hotel Group<\/strong>, the operator of\u00a0Newport World Resorts<\/a> in Manila, recorded a reduced net loss of PHP13m US$232,252) for the third quarter of the year. Net revenue was nearly PHP8.28bn, up 28.3 per cent year-on-year and up 12.6 per cent\u00a0when compared to the second quarter<\/a>.<\/p>\n\n\n\n Expenses rose by 24.1 per cent year-on-year and 21 per cent quarter-on-quarter to nearly PHP8.29bn.<\/p>\n\n\n\n For the first nine months of the year, the profit attributable to owners stood at PHP503m. Gross gaming revenue was up 12 per cent year-on-year and net gaming revenues grew 19 per cent to PHP18.3bn. The company reported a 29 per cent increase in non-gaming core revenues <\/strong>(hotel, food, beverage, and other operating incomes) to PHP5bn, as mall visitors, hotel occupancy, corporate events, and MICE activities grew year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":" Newport World Resorts has reported net revenue of PHP7.3bn for the three months to September 2023.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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 reduced net loss of PHP13m for Q3 2023, alongside a 28.3% year-on-year increase in net revenue to PHP8.28bn. Gross Gaming Revenue (GGR) rose 12% year-on-year, with Net Gaming Revenue (NGR) growing 19% to PHP18.3bn, complemented by a 29% increase in non-gaming core revenues.","focusai_entities":"Newport World Resorts, Alliance Global Group, Travellers International Hotel Group","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Profitability Outlook?","query":"Given the reduced net loss in Q3 and sustained revenue growth, what are the projections for Newport World Resorts' Q4 and full-year 2023 profitability, particularly concerning the impact of rising operational expenses?"},{"label":"Non-Gaming Revenue Drivers?","query":"What specific initiatives or market conditions contributed most significantly to the 29% increase in non-gaming core revenues, and how does this diversification impact the overall business resilience and future growth strategy?"}],"footnotes":""},"categories":[163,16333],"tags":[24174],"class_list":["post-777011146","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\/777011146","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=777011146"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011146\/revisions"}],"predecessor-version":[{"id":777040960,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011146\/revisions\/777040960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}