Newport World Resorts’ GGR Up 36% YoY In Q1

The owner and operator of Newport World Resort (pictured), a Philippine casino and leisure complex in the capital Manila, said overall sales rose 62.9% year-on-year to 7.99 billion pounds ($104.9 million) in the first quarter. Total game revenue rose 36.2% during the first quarter, slightly above 억8.89 billion, data showed on Tuesday. 경마사이트

Travelers International Hotels Group’s net profit for the first three months of 2023 was 348.7 million PHP, compared with 219.7 million PHP a year ago, “current operations normalized to pre-pandemic conditions.”

The information was submitted to the Philippine Stock Exchange on Tuesday from the local conglomerate Alliance Global Group, the parent company of Travelers International.

Q1 NET GAME SALES INCREASED 55.8% Y/Y TO $6.11 BILLION. “The overall decline has improved year-on-year across all gaming segments,” he said.

Travelers International’s core non-game revenue (e.g., hotels, food, beverages, and other services) is “almost doubled at 1.8 billion PHP.” Results were positively influenced by “number of mall users, hotel occupancy, corporate events and MICE [meeting, incentives, convention and exhibition] activities”

Direct costs increased significantly in the first quarter of 2023, up about 45% year-over-year. Game operation-related costs increased 40.2% Y/Y to nearly 2.73 billion PHP.

Since its opening in 2009, the complex has been known as resort world manila, and now closed cruise ship operator genting Hong Kong has been its founding partner. The site was renamed Newport World Resort in July last year.

Newport World Resort currently has five international hotel brands: Marriott Manila Hotel, Sheraton Manila Hotel, Hilton Manila, Hotel Okura Manila, and Holiday Inn Express Manila. Average occupancy rate in Q1 2023 was between 66% and 85%

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