Teh has over ten years of expertise in investment-related positions within real estate and infrastructure and was most recently the head of investment and asset management at Arch Capital Philippines. Before this, he served as the chief financial officer at MREIT, a Megaworld Corporation real estate investment trust. Megaworld is affiliated with the Philippine conglomerate Alliance Global Group, to which Newport World Resort operator Travellers International Hotel Group (TIHGI)<\/strong> also belongs. <\/p>\n\n\n\n Teh has also held positions at other companies, including Primeiro Partners and San Miguel Infrastructure.<\/p>\n\n\n\n The company said: “The company said: “His expertise will be instrumental in taking Newport World Resorts to even greater heights. Let’s give Engle a warm welcome and support him as he leads our Corporate Strategy team in delivering epic and thrilling experiences to our guests.”<\/p>\n\n\n In June, TIHGI appointed\u00a0Laurence Hawke<\/strong>\u00a0as its new chief financial officer (CFO). Hawke has 30 years of experience in the integrated resort sector and most recently held the position of group CFO at Hoiana Resort & Golf in Vietnam. Hawke reports to Nilo Rodriguez, Travellers International\u2019s president and chief executive.<\/p>\n\n\n\n For the third quarter of the year, TIHGI reported gross gaming revenue (GGR) of PHP7.33bn ($124m). That\u2019s down 11.5 per cent when compared to last year and 20.1 per cent quarter-on-quarter. The company reported a\u00a0net loss of PHP81m (US$1.4m)<\/strong>\u00a0for the quarter ended September 30. That compared with a loss of PHP21m (US$356.517) a year earlier. Cost and expenses for Travellers International decreased by 10.7 per cent year-on-year and 15.3 per cent quarter-on-quarter.<\/p>\n\n\n\n For the first nine months this year, Travellers International reported aggregate revenues of PHP23.63bn, up 0.9 per cent from a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":" Teh will be in charge of leading the operator\u2019s corporate strategy team.<\/p>\n","protected":false},"author":176,"featured_media":777020164,"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 (TIHGI), has appointed Englebert Teh as Chief Strategy Officer, leveraging his extensive investment and real estate background to guide corporate strategy. This follows the earlier appointment of Laurence Hawke as CFO. The operator reported a Q3 GGR of PHP7.33bn, an 11.5% year-on-year decrease, and a net loss of PHP81m, reflecting ongoing market adjustments despite a slight increase in nine-month aggregate revenues.","focusai_entities":"Englebert Teh, Newport World Resorts, Travellers International Hotel Group (TIHGI), Arch Capital Philippines, MREIT, Megaworld Corporation, Alliance Global Group, Primeiro Partners, San Miguel Infrastructure, Laurence Hawke, Hoiana Resort & Golf, Nilo Rodriguez","focusai_location":"The Philippines, Vietnam","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategy Impact","query":"How might Mr. Teh's background in real estate and infrastructure investment influence Newport World Resorts' long-term corporate strategy, particularly regarding asset utilization and potential expansion within the integrated resort vertical?"},{"label":"Financial Performance Outlook","query":"Given the reported Q3 GGR decline and net loss, what specific strategic initiatives are anticipated under the new Chief Strategy Officer to reverse these trends and optimize profitability in the coming fiscal periods?"}],"footnotes":""},"categories":[157,16333],"tags":[24174,24194],"class_list":["post-777021268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-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\/777021268","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=777021268"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021268\/revisions"}],"predecessor-version":[{"id":777021280,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021268\/revisions\/777021280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777020164"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2024\/12\/1733295724847-716x600.jpg\")
<\/figure>\n<\/div>\n\n\n