The operator of Resorts World Manila in the Philippines watches as second-quarter revenue nosedives.
At least two private casinos will remain open as the Taal volcano remains active.
International Gaming Technology and Travellers International Hotel Group are both are experiencing a lot of movement in their financial figures.
Failing to maintain a 10% public float, Travellers have done everything they have needed to go private.
Travellers International Hotel Group, the company behind Resorts World Manila has decided to go private.
Travellers CEO Kingson Sian announced that the second floor will reopen in July and will offer approximately 600 slot machines and 100 table games.
Philippine police arrest three men who tried to pass off $5,500 worth of counterfeit US cash at the Resorts World Manila casino.
Okada Manila and Resorts World Manila are both growing, but having to deal with different problems.
Nomura notes the company’s revenues “surprised on the upside” by increasing 9% YOY, but that “EBITDA margin compression overpowered this upside surprise.”
After the roughest 2017 imagineable, Travellers International Hotel Group, operator of Resorts World Manila, are happy to announce a big increase in profits.