{"id":777044990,"date":"2026-07-16T09:03:14","date_gmt":"2026-07-16T12:03:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777044990"},"modified":"2026-07-16T09:03:31","modified_gmt":"2026-07-16T12:03:31","slug":"alliance-global-completes-acquisition-of-genting-hong-kongs-stake-in-newport-world-resorts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/alliance-global-completes-acquisition-of-genting-hong-kongs-stake-in-newport-world-resorts","title":{"rendered":"Alliance Global completes acquisition of Genting Hong Kong\u2019s stake in Newport World Resorts\u00a0"},"content":{"rendered":"\n

The transaction gives the Philippine conglomerate full ownership of the Manila integrated resort.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Alliance Global Group (AGI) has completed the acquisition of Genting Hong Kong\u2019s remaining stake in Newport World Resorts. It thus becomes the sole owner of the Manila integrated resort more than three years after the deal was announced.<\/p>\n\n\n\n

According to a regulatory filing, AGI subsidiary Newport World Resorts Properties, Inc. has taken ownership of the shares previously held by the former Genting Hong Kong entities Star Cruises Philippines Holdings B.V., Asian Travellers Ltd and Premium Travellers Ltd.\u00a0<\/p>\n\n\n\n

AGI said all conditions under the share purchase agreement signed on May 30, 2023<\/a>, have now been fulfilled and the shares successfully transferred. Financial terms of the transaction were not disclosed.<\/p>\n\n\n\n

With the completion of the deal, Genting Hong Kong no longer holds any direct or indirect equity interest in the businesses involved in Newport World Resorts. The acquisition brings to a close a partnership that began in 2009, when the property opened as Resorts World Manila under a joint venture in which AGI held a 60 per cent stake and Genting Hong Kong the remaining 40 per cent.\u00a0<\/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> Bloomberry launches online gaming platform FUNaloMAX<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The transaction gives the Philippine conglomerate full ownership of the Manila integrated resort.<\/p>\n","protected":false},"author":680,"featured_media":777025606,"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 completed the acquisition of Genting Hong Kong's remaining stake in Newport World Resorts, making AGI the sole owner of the Manila integrated resort. This transaction concludes a joint venture initiated in 2009, with financial terms undisclosed, and marks Genting Hong Kong's full divestment from the property.","focusai_entities":"Alliance Global Group (AGI), Genting Hong Kong, Newport World Resorts, Newport World Resorts Properties, Inc., Star Cruises Philippines Holdings B.V., Asian Travellers Ltd, Premium Travellers Ltd","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"AGI's Post-Acquisition Strategy?","query":"What are Alliance Global Group's immediate strategic priorities and operational adjustments for Newport World Resorts following the full acquisition, particularly concerning market share and capital expenditure?"},{"label":"Genting HK Divestment Impact?","query":"How does Genting Hong Kong's complete divestment from Newport World Resorts impact its broader restructuring efforts and remaining asset portfolio?"}],"footnotes":""},"categories":[157,16333],"tags":[25348,23716,24174,24804],"class_list":["post-777044990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-alliance-global-group","tag-genting-hong-kong","tag-newport-world-resorts","tag-the-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044990","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777044990"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044990\/revisions"}],"predecessor-version":[{"id":777044995,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777044990\/revisions\/777044995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777025606"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777044990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777044990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777044990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}