{"id":777028110,"date":"2025-06-20T08:50:34","date_gmt":"2025-06-20T11:50:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028110"},"modified":"2026-04-21T21:42:55","modified_gmt":"2026-04-22T00:42:55","slug":"agi-to-invest-us1bn-in-capital-expenditure","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agi-to-invest-us1bn-in-capital-expenditure","title":{"rendered":"AGI to invest US$1bn in capital expenditure"},"content":{"rendered":"\n

Travellers International, which operates the Newport World Resorts complex in Pasay City, will receive US$85m for its expansion.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Alliance Global Group (AGI), owner of Travellers International Hotel Group (operator of Newport World Resorts<\/a> casino and leisure complex in Manila) has announced that it has reserved PHP59bn (US$1bn) in capital expenditure this year to fund high-profile developments, including new luxury hotels, integrated resorts and overseas whisky operations.<\/p>\n\n\n\n

Travellers International, which operates the Newport World Resorts (NWR) complex in Pasay City, will receive around PHP5bn (US$85m) for its expansion.\u00a0AGI plans the development of a new luxury hotel featuring VIP gaming at NWR. The Narra Palm Hotel and Villa is described as a \u201ctruly Filipino luxury destination.\u201d According to details released after\u00a0AGI\u2019s Annual Stockholders\u2019 Meeting, it will have 157 suites and villas along with private gaming suites for VIP guests.<\/p>\n\n\n\n

Part of the investment will support previously announced hotel and casino projects within the group\u2019s townships in Boracay and Cebu. Another project Travellers International is involved with is the Westside City commercial complex at Entertainment City, in Metro Manila.<\/p>\n\n\n\n

AGI chief executive Kevin Tan, said: “We believe there exists a lot of opportunities here and across the globe where our business can grow. Our capital investments are expected to continue to focus on market expansions and strengthening our operational capacities.\u201d<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Melco Resorts appoints new independent non-executive director<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Travellers International, which operates the Newport World Resorts complex in Pasay City, will receive US$85m for its expansion.<\/p>\n","protected":false},"author":226,"featured_media":777028007,"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 allocated PHP59bn (US$1bn) in capital expenditure for strategic developments, including the expansion of Newport World Resorts (NWR) and new luxury hotels with VIP gaming facilities. Travellers International, operator of NWR, will receive US$85m for its expansion, which features the Narra Palm Hotel and Villa designed for high-net-worth individuals. This investment underscores AGI's commitment to market expansion and strengthening operational capacities within the Philippine integrated resort sector.","focusai_entities":"Travellers International, Newport World Resorts, Alliance Global Group, AGI, Narra Palm Hotel and Villa, Kevin Tan","focusai_location":"Philippines, Pasay City, Manila, Boracay, Cebu, Metro Manila","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9), product_ux (0.7), marketing_crm (0.7)","focusai_suggestions":[{"label":"CapEx Allocation Breakdown","query":"What is the detailed breakdown of the PHP59bn capital expenditure across specific projects, including the Boracay and Cebu developments, beyond the Newport World Resorts allocation?"},{"label":"VIP Gaming Strategy","query":"How will the new VIP gaming facilities at Narra Palm Hotel and Villa differentiate Newport World Resorts in the competitive high-roller segment, and what are the projected GGR contributions from these new offerings?"}],"footnotes":""},"categories":[157,16338],"tags":[29,24619,24804],"class_list":["post-777028110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-casino","tag-finance","tag-the-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028110","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028110"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028110\/revisions"}],"predecessor-version":[{"id":777028130,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028110\/revisions\/777028130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777028007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}