It’s business as usual for two Philippine casinos as volcano rumbles
At least two private casinos will remain open as the Taal volcano remains active.
At least two private casinos will remain open as the Taal volcano remains active.
An offshoot of Asian junket operator Suncity Group strikes deal to run casino hotel at Travellers International's Entertainment City project in Manila.
Failing to maintain a 10% public float, Travellers have done everything they have needed to go private.
The operator of Resorts World Manila (RWM) in the Philippines will buy back 1.58 billion at $0.11 each to achieve its goal, and the process is now underway.
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.
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.
Travellers International Hotel Group, Inc. will continue construction of its Westside City casino resort in early 2019, in time for a 2021 opening.