{"id":777025605,"date":"2025-04-23T09:36:20","date_gmt":"2025-04-23T12:36:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025605"},"modified":"2026-04-21T23:37:37","modified_gmt":"2026-04-22T02:37:37","slug":"travellers-international-hotel-group-posts-decline-in-ggr-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/travellers-international-hotel-group-posts-decline-in-ggr-for-q4","title":{"rendered":"Travellers International Hotel Group posts decline in GGR for Q4"},"content":{"rendered":"\n

Gross gaming revenue was\u00a0down 7.2 per cent year-on-year and 2.5 per cent sequentially.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Travellers International Hotel Group<\/strong>, the company that operates the\u00a0Newport World Resorts casino complex<\/a>, has shared its financial results for the fourth quarter of the year 2024. The company posted gross gaming revenue (GGR) of PHP7.7bn (US$136m), down 7.2 per cent year-on-year and 2.5 per cent sequentially<\/a>.<\/p>\n\n\n\n

Mass-market GGR was PHP4.3bn (US$76m), down 4.4 per cent year-on-year. VIP GGR was PHP3.3bn (US$58.3m), down 13.2 per cent year-on-year.<\/p>\n\n\n

\n
\"Newport
Newport World Resorts.<\/figcaption><\/figure>\n<\/div>\n\n\n

The company reported net revenue of PHP8.4bn (US$148.4m)<\/strong>, up 2.4 per cent year-on-year but up 15.1 per cent sequentially. Earnings before interest, taxation, depreciation and amortisation (EBITDA) was at\u00a0PHP3.2bn (US$56.5m), up 42 per cent year-on-year and 60 per cent in quarter-on-quarter terms.<\/p>\n\n\n\n

For the full year 2024, the company posted GGR of PHP32bn (US$566m), down 6 per cent year-on-year. Gross revenue was down 3 per cent to PHP39.9bn (US$705m). Mass GGR increased by 9 per cent to PHP17.4bn (US$308m) and VIP revenue fell by 20 per cent to PHP14.6bn (US$258m).<\/p>\n\n\n\n

Net revenue stood at PHP31.3bn (US$553m), down 1 per cent in year-on-year terms. The company said that net revenues remained relatively steady as promotional expenses were controlled amid the decline in GGR. EBITDA reached PHP9.2bn (US$163m), up 12.2 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gross gaming revenue was\u00a0down 7.2 per cent year-on-year and 2.5 per cent sequentially.<\/p>\n","protected":false},"author":176,"featured_media":777025442,"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, operator of Newport World Resorts, reported a 7.2% year-on-year decline in Q4 2024 GGR to PHP7.7bn, with full-year GGR down 6% to PHP32bn, primarily driven by a significant 20% fall in VIP GGR. Despite GGR contractions, the company achieved substantial EBITDA growth, up 42% year-on-year in Q4 and 12.2% for the full year, attributed to controlled promotional expenses.","focusai_entities":"Travellers International Hotel Group, Newport World Resorts","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":"VIP GGR Decline Drivers","query":"What specific market conditions or operational shifts contributed to the significant 20% year-on-year decline in VIP GGR for Travellers International Hotel Group in 2024, and what mitigation strategies are being implemented?"},{"label":"EBITDA Growth Sustainability","query":"Given the GGR contraction, how sustainable is the reported EBITDA growth, and what further operational efficiencies or revenue diversification strategies are planned to maintain this trajectory?"}],"footnotes":""},"categories":[163,16333],"tags":[29],"class_list":["post-777025605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025605","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=777025605"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025605\/revisions"}],"predecessor-version":[{"id":777025663,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025605\/revisions\/777025663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777025442"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777025605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}