Resorts World Manila is slowly recovering

The operator from the casino that suffered a deadly attack in June reported that the facility is showing signs of recovery.

Philippines.- Andrew Tan-led holding firm Alliance Global Incorporated, the owner and operator of Resorts World Manila, said during the holding firm’s annual stockholders’ meeting on Tuesday that the casino is showing signs of recovery.

Resorts World Manila went through a shooting that killed 37 people inside its facility and was forced to close its doors back in June, and reported US$6 million in net loss for the second quarter of 2017 due to the incident.

“We lost the 2nd floor … we are not operating it anymore and converting that into part of the mall. Of course there was a revenue decline because of that so that’s why we’re rushing the Phase 3 expansion,” said Sian. The loss of the second floor means that the casino area lost 6000 square meters, 100 gaming tables and 120 slot machines, Rappler reported. “We’re targeting opening the 3rd phase of RWM in the 1st quarter of 2018 but there might be a chance that we will have a soft opening by late December of this year and that should augment at least what we’ve lost in the 2nd floor,” he added.

Sian added that the proof is in the numbers as traffic is coming back. “It is averaging 26,000 people a day from the previous average of 28,000 and we’re just in September,” he said, and commented that all the hotels in the complex have recovered their occupancy rates which average around 95 percent occupancy.