Travellers International Hotel Group has reported gross gaming revenue of PHP34.2bn (US$600.5m).<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0Travellers International Hotel Group<\/strong>, the company that operates the\u00a0Newport World Resorts<\/a>\u00a0casino complex (formerly Resorts World Manila<\/a>), has reported\u00a0casino gross gaming revenue (GGR) of PHP34.2bn (US$600.5m)\u00a0for the year 2023. That\u2019s a rise of 7 per cent compared to 2022.<\/p>\n\n\n\n Net gaming revenue increased by 19 per cent year-on-year to PHP31.9bn (US$559.5m) while non-gaming revenue was up 40 per cent at PHP7.4bn (US$130m). The rise was mainly attributed to the resurgence in tourism and meetings, incentives, conferences, and exhibition (MICE) activities.<\/p>\n\n\n\n Travellers International\u2019s earnings before interest, taxation, depreciation, and amortisation (EBITDA) grew by 8 per cent in year-on-year terms to PHP8.2bn (US$143.8m), its highest level since 2012. The company’s net income was up 89 per cent year-on-year at PHP2bn (US$35.1m).<\/p>\n","protected":false},"excerpt":{"rendered":" Travellers International Hotel Group has reported gross gaming revenue of PHP34.2bn (US$600.5m).<\/p>\n","protected":false},"author":176,"featured_media":20663,"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 Hotel Group reported a 7% increase in GGR to PHP34.2bn and a 19% rise in NGR for 2023, driven by a resurgence in tourism and MICE activities. The operator of Newport World Resorts achieved its highest EBITDA since 2012 and an 89% increase in net income, signaling robust post-pandemic recovery.","focusai_entities":"Travellers International Hotel Group, Newport World Resorts, Resorts World Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future MICE Contribution?","query":"What is the projected long-term contribution of MICE activities to Travellers International's non-gaming revenue growth, and how does this impact the overall revenue diversification strategy?"},{"label":"Regional Market Competitiveness?","query":"How does Newport World Resorts' 2023 GGR and NGR performance compare to other integrated resorts in the APAC region, particularly concerning market share and operational efficiency metrics?"}],"footnotes":""},"categories":[163,16333],"tags":[23907,24174],"class_list":["post-777014798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino","tag-newport-world-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014798","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=777014798"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014798\/revisions"}],"predecessor-version":[{"id":777014821,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014798\/revisions\/777014821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}