{"id":777015574,"date":"2024-05-16T09:30:18","date_gmt":"2024-05-16T12:30:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015574"},"modified":"2026-04-22T10:13:02","modified_gmt":"2026-04-22T13:13:02","slug":"newport-world-resorts-ggr-down-16-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/newport-world-resorts-ggr-down-16-in-q1","title":{"rendered":"Newport World Resorts GGR down 16% in Q1"},"content":{"rendered":"\n<p>Gross gaming revenue was PHP7.5bn (US$130m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>Travellers International Hotel Group<\/strong>, the company that operates the Newport World Resorts casino complex, has shared its financial results for the\u00a0first quarter of the year.\u00a0Gross gaming revenue (GGR) was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/newport-world-resorts-posts-revenue-of-us140-9m-for-q1\" target=\"_blank\" rel=\"noreferrer noopener\">down 16 per cent year-on-year<\/a>\u00a0and 9 per cent sequentially to PHP7.5bn (US$130m).<\/p>\n\n\n\n<p>The decline was mainly due to a decrease in VIP gaming\u00a0revenue to PHP3.2bn (US$55.6m), down 42 per cent year-on-year and 16 per cent\u00a0when\u00a0compared to the previous quarter. Mass GGR increased by 28 per cent year-on-year but was down by 4 per cent sequentially at PHP4.3bn (US$74.7m).<\/p>\n\n\n\n<p>Net profit for the first quarter was PHP8m (US$138,500)\u00a0while\u00a0earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at PHP1.4bn (US$24.3m), down 33 per cent when compared to the previous year and down 35 per cent quarter-on-quarter. Non-gaming revenue was PHP1.8bn (US$31.3m), flat year-on-year, but down 28 per cent compared with the final quarter of last year. Hotel occupancy for the period was 82 per cent.<\/p>\n\n\n\n<p>In\u00a02023,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/newport-world-resorts-ggr-up-7-in-2023\" target=\"_blank\" rel=\"noreferrer noopener\">the company reported\u00a0GGR\u00a0of PHP34.2bn (US$600.5m)<\/a>, a rise of 7 per cent compared to 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross gaming revenue was PHP7.5bn (US$130m).<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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, operating Newport World Resorts, reported a Q1 GGR of PHP7.5bn (US$130m), marking a 16% year-on-year decline, primarily attributable to a 42% contraction in VIP gaming revenue. Despite a 28% year-on-year increase in mass GGR, the enterprise's EBITDA fell 33% annually, signaling significant operational headwinds and margin compression.","focusai_entities":"Travellers International Hotel Group, Newport World Resorts","focusai_location":"","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP GGR Decline Factors?","query":"What specific macro-economic or competitive pressures led to the pronounced 42% year-on-year contraction in VIP GGR at Newport World Resorts?"},{"label":"EBITDA Impact on Capex?","query":"How will the 33% year-on-year decline in EBITDA impact Travellers International Hotel Group's capital expenditure plans and debt servicing capacity?"}],"footnotes":""},"categories":[163,16333],"tags":[24174,24194],"class_list":["post-777015574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-newport-world-resorts","tag-travellers-international-hotel-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015574","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=777015574"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015574\/revisions"}],"predecessor-version":[{"id":777015577,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015574\/revisions\/777015577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}