Tag Archives: travelers international hotel group
- Travellers Int’l delays Entertainment City casino opening until 2020 or 2021
June 17, 2016
The opening of the West Side City Resorts World casino in Manila’s Entertainment City gaming zone could be delayed by as long as two years, according to the project’s joint venture partners. On Friday, The Standard quoted Travellers International Hotel Group president Kingson Sian saying the project in Manila’s Entertainment...
- Luck eludes Resorts World Sentosa, Manila operators in Q1
May 16, 2016
The losing streak of casino operator Genting Singapore continues in the first quarter of 2016 as its net profit for the first three months swung to 83 percent net loss on a large foreign exchange loss, higher bad debt provisions, finance and other costs. Singapore Business reported the earnings of...
- Norwegian cruise line stake sale boosts Genting Hong Kong H1 profit
August 21, 2015
Casino cruise ships operator Genting Hong Kong Ltd. posted a profit for the six months to June 30, mainly attributable to asset sales and one-off accounting gains. Genting HK profit jumped 898% to $2.16b in H1 2015, compared to $216.7m over the same period a year ago while EBITDA increased...
- COA tells PAGCOR to sell vacant property units; Travellers details expenses of Resorts World Manila expansion
January 23, 2015
The Philippine Amusement and Gaming Corp. (PAGCOR) has incurred more wrath of the Commission on Audit (COA), which is demanding that PAGCOR dispose of the remaining condominium units it bought from AMVEL Land Development Corp. In its 2013 audit report released last week, the COA put PAGCOR in its place when...
- Travellers International to push through with IPO offering
October 2, 2013
Travellers International Hotel Group Inc., the company that operates Resorts World Manila, will push through with its initial public offering (IPO) later this month. The announcement, which was made in an offering memorandum, will see Travellers finally push through with the IPO offering after initially delaying it earlier this year because...
Okada Manila eyes Philippine backdoor listing
May 2, 2017