{"id":777017397,"date":"2024-07-19T09:37:24","date_gmt":"2024-07-19T12:37:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017397"},"modified":"2026-04-22T08:01:14","modified_gmt":"2026-04-22T11:01:14","slug":"agi-to-invest-us1-29bn-to-support-growth-initiatives","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agi-to-invest-us1-29bn-to-support-growth-initiatives","title":{"rendered":"AGI to invest US$1.29bn to support growth initiatives"},"content":{"rendered":"\n<p>Alliance Global Group aims to boost growth across its real estate, hospitality and restaurant sectors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Alliance Global Group (AGI)<\/strong> announced on Thursday (July 18) that it plans to allocate PHP75bn (US$1.29bn) this year for capital expenditures (capex). Megaworld will receive PHP55bn, <strong>Travellers International Hotel Group<\/strong> (TIHGI), which owns and operates Newport World Resorts casino complex PHP10bn (US$172m) and Emperador and Golden Arches Development PHP6.5bn and PHP4bn, respectively. <\/p>\n\n\n\n<p>AGI said part would be used to build the Grand Opera House, theatres and cinemas in Westside City, benefiting <a href=\"https:\/\/focusgn.com\/asia-pacific\/suntrust-approves-us17m-loan-for-westside-city-casino\" target=\"_blank\" rel=\"noreferrer noopener\">Suntrust Resort&#8217;s Westside City project<\/a>. The project\u00a0is expected\u00a0to open in\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/westside-city-casino-opening-delayed\" target=\"_blank\" rel=\"noreferrer noopener\">the first quarter of 2025<\/a>.<\/p>\n\n\n\n<p>AGI president and chief executive officer <strong>Kevin Tan <\/strong>said: &#8220;AGI remains steadfast and dedicated to driving growth across all its business segments, mindful of its goal to elevate global consumer preferences through aspirational product offerings.&#8221;<\/p>\n\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/travellers-international-hotel-group-appoints-laurence-hawke-as-cfo\" rel=\"noreferrer noopener\">Travellers International Hotel Group appoints Laurence Hawke as CFO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alliance Global Group aims to boost growth across its real estate, hospitality and restaurant sectors.<\/p>\n","protected":false},"author":176,"featured_media":9219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Alliance Global Group (AGI) has announced a PHP75bn (US$1.29bn) capital expenditure plan for 2024, targeting growth across its real estate, hospitality, and restaurant sectors. A significant portion, PHP10bn, is allocated to Travellers International Hotel Group (TIHGI) for the Newport World Resorts casino complex, including new entertainment facilities within the Westside City project, slated for a Q1 2025 opening. This investment underscores AGI's strategic commitment to enhancing its integrated resort offerings and broader consumer experiences.","focusai_entities":"Alliance Global Group (AGI), Megaworld, Travellers International Hotel Group (TIHGI), Newport World Resorts, Emperador, Golden Arches Development, Suntrust Resort, Kevin Tan, Laurence Hawke","focusai_location":"Philippines, Westside City","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ROI Newport Resorts?","query":"What is the projected return on investment (ROI) for the PHP10bn allocation to Travellers International Hotel Group, specifically concerning its impact on Newport World Resorts' GGR and NGR?"},{"label":"AGI Leverage Ratios?","query":"How is this PHP75bn capital expenditure expected to impact Alliance Global Group's leverage ratios and overall capital structure?"}],"footnotes":""},"categories":[157,16333],"tags":[24174],"class_list":["post-777017397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-newport-world-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017397","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=777017397"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017397\/revisions"}],"predecessor-version":[{"id":777017419,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017397\/revisions\/777017419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9219"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}