Travellers International - updates

Rappler's latest stories on Travellers International

ARTICLE FINDER

Resorts World operator to delist from PSE on October 21

Oct 14, 2019 - 5:45 PM

Travellers International buys back its shares at just P5.50 apiece, much lower than its IPO price of P11 back in 2013

Resorts World Manila operator voluntarily delists from PSE

Aug 14, 2019 - 5:35 PM

Travellers International says its conversion from a public entity into a private company will allow it to address 'evolving market demands' without compromising business strategies

Alliance Global sets P410-billion capex for 2020 to 2024

Jul 01, 2019 - 3:30 PM

Alliance Global's property arm Megaworld Corporation receives the lion's share of the budget set for 2020 to 2024

FUTURE-PROOFING. AGI's 5-year program wants to increase the use of innovation and digital transformation in all of its businesses. Logo from Alliance Global

Alliance Global net income for 2017 stalls on Resorts World attack

Apr 05, 2018 - 8:15 PM

Alliance Global reports a net income of P21.8 billion in 2017, from P22.8 billion in 2016, as losses from its casino and liquor units offset gains from Megaworld and fast-food operations

Resorts World Manila operator's 2017 income plunges over shooting incident

Mar 27, 2018 - 2:14 PM

Gross gaming revenues dropped by 27.6% to P17.1 billion after the June 2, 2017 shooting incident led to the closure of the gaming area for nearly a month

AFTERMATH. Firemen break several windows of Maxims Hotel following the attack on Resorts World Manila on June 2, 2017. File photo by LeAnne Jazul/Rappler

Megaworld to invest P54 billion more in Westside City township

Feb 27, 2018 - 8:30 PM

The developer plans two new hotels to coincide with the 2021 opening of a new casino in the township near Manila Bay

Grand Westside Hotel image from Megaworld

Cebu Pacific to give free flights to OFWs stranded in Hong Kong

Dec 22, 2017 - 12:55 PM

So far, the Gokongwei-owned airline has found 50 available seats on Christmas Day for OFWs whose flights were paid but not booked by Peya Travel

FREE FLIGHTS. Cebu Pacific gives away seats for Hong Kong OFWs on Christmas day. Rappler file photo

Resorts World Manila sees recovery, fast-tracks expansion

Sep 19, 2017 - 4:30 PM

Foot traffic at the Resorts World Manila complex is almost back up to pre-attack levels, while an expansion of its casino area is eyed for completion by December

Alliance Global net income drops to P10.1 billion in 1st half of 2017

Aug 14, 2017 - 4:10 PM

The group s property and fast food units temper the slower performance of its casino and liquor businesses

Resorts World Manila operator reports P312-M net loss in Q2 after attack

Aug 14, 2017 - 2:50 PM

With the casino non operational for 27 days in June gross gaming revenues fell by 21 68 to P9 2 billion in the 1st half of 2017

House holds final hearing on Resorts World attack

Jun 21, 2017 - 2:08 PM

David Chua chairman of Travellers International Hotel Group that owns and operates Resorts World has been subpoenaed to appear on Wednesday June 21

PROBE TO END. Resorts World Manila facade two days after the attack. Photo by LeAnne Jazul/Rappler

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

More security lapses uncovered as House probes Resorts World attack

Jun 14, 2017 - 10:50 PM

Testimonies from police officials and hotel security reveal a lack of coordination among those deployed to pursue gunman Jessie Carlos

SECURITY LAPSES. A policeman on standby outside Resorts World Manila as gunman Jessie Carlos attacked the hotel-casino on June 2. File photo by Ezra Arcayan/Rappler

Resorts World Manila operator vows to 'defend' gaming license

Jun 13, 2017 - 6:00 PM

This comes after the Philippine Amusement and Gaming Corporation s decision to suspend the provisional license of the casino

QUIET. Firemen break several windows at the height of the fire during the attack of the casino hotel complex on June 2, 2017. Photo by LeAnne Jazul/Rappler

Empire East unaffected by Resorts World Manila attack

Jun 13, 2017 - 2:18 PM

Empire East will continue to invest and expand in the Philippines allocating P25 billion in capital spending budget over the next 5 years to fund its projects in Metro Manila and the south

PUSHING THROUGH. Kasara Urban Resort Residences in Pasig City is one of Empire East's projects. It is planning to build more inside and outside Metro Manila. Photo from Empire East

Alliance Global to build transport hub near NAIA

May 01, 2017 - 8:10 PM

This will connect the country s main international gateway to Newport City potentially increasing foot traffic to tycoon Andrew Tan s development

FOOT TRAFFIC. Alliance Global's Kevin Tan (L) says the transport hub wil be located below the newly-constructed 220-meter air-conditioned elevated bridge called Runway Manila. Photo from Megaworld website

Alliance Global sees minimal income growth due to high spending, flat earnings

Apr 07, 2017 - 10:15 AM

Its consolidated revenues end flat at P139 7 billion in 2016 while reported net income climbs only 5 to P22 8 billion

HIGHER SPENDING. Alliance Global''s Kingson Sian says: 'Since about 3 to 4 years ago, the group has made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings.' Photo by Rob Reyes/Rappler

Alliance Global spending over P150B for two-year expansion

Sep 29, 2016 - 3:55 PM

Betting on the country s growth potential Andrew Tan s investment holding firm is spending more to accelerate expansion of its businesses

AGGRESSIVE.'We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capital spending plan moving forward,' Alliance Global president Kingson Sian says. Photo by Rob Reyes/Rappler

Travellers International nets P4B in 2015

Mar 17, 2016 - 8:35 PM

The Resorts World Manila operator sees a drop in income which it blames largely on foreign exchange losses stemming from a strong dollar

Are air passengers just too whiny or are airlines really to blame?

Dec 14, 2015 - 5:51 PM

Lower prices have created much more demand for air travel leading to congestion and more delays by product of the industry’s success So should we pity the airlines or are passenger complaints justified?

Resorts World Manila operator Q2 profits halve

Aug 14, 2015 - 6:31 PM

The Philippines pioneer mega casino reports that its net income fall 46 78 due to a slump in Chinese visitors and rising costs

RED. Travellers International Hotel Group, operator of Resorts World Manila, says net income for the April to June period fell 46.78% from a year earlier to P619.04 million as gaming revenues declined. File image from the Travellers International website

Resorts World Manila to spend P8B for 2015

Jun 18, 2015 - 8:45 PM

Travellers International Hotel Group will spend higher this year banking not only on gaming but hotels malls and convention areas

BULLISH GAMING SCENE. Travellers International, owner and operator of Resorts World Manila (shown here), remains bullish in the Philippine gaming industry. File image from the Travellers International website

Travellers net income up P1.7B; Bloomberry has P533M loss

May 18, 2015 - 12:56 AM

Both casino operators are attempting to rein in operating expenses due to expansions

Travellers International nets P5.45B in 2014

Mar 20, 2015 - 4:54 PM

The gaming and entertainment complex operator reports its net doubles from 2013 despite a decline in net revenues

Travellers Int'l still bullish on PH gaming industry

Jan 09, 2015 - 9:07 PM

Travellers’ Andrew Tan remains optimistic about the domestic gaming industry despite Macau’s failing revenues and the growing local competition

Travellers International to invest P16B in Manila Bay casino resort

Sep 24, 2014 - 5:30 PM

The joint venture of Andrew Tan’s Alliance Global and Malaysia’s Genting group will acquire 95 of the company that s developing the Bayshore City Resorts World

Alliance Global’s 2020 goal: Be the largest PH hotel developer

Aug 20, 2014 - 2:43 PM

The Andrew Tan led conglomerate aims to build 12 000 hotel rooms under 12 different local and foreign brands

Travellers IPO set at P11.28 apiece

Oct 18, 2013 - 3:12 AM

Proceeds and share price are down by more than half compared to what the firm earlier announced in May

Travellers International pushes through with IPO set at P11.28 apiece. Photo by AFP

Genting's PH unit postpones IPO amid volatility

Jul 09, 2013 - 3:54 PM

Travellers International Hotel Group Inc the partnership behind Resorts World Manila has postponed its P42 billion initial public offering slated for release this month citing unfavorable market conditions

POSTPONED. The joint partners Genting of Hong Kong and Andrew Tan-led Alliance Global decide not to push through with IPO amid market volatility. Photo by AFP

These Filipinas say: See the world

Mar 21, 2013 - 7:34 PM

Women travelers share their stories to inspire the travel dreamers and encourage them to go for it

GO FOR IT. When it comes to seeing the world, just take the plunge! After some planning, of course. Photo from Lois Yasay

Casino unit boosts Alliance Global's Q1 core income

May 17, 2012 - 12:01 PM

The Andrew Tan led firm says revenues of unit Travellers International consolidated only this year

Asian gambling market to hit 'tipping point', says Credit Suisse expert

May 03, 2012 - 11:42 AM

Why some countries are succeeding and where the others fit in the build up to the tipping point

Andrew Tan firm eyes Pagcor City casino opening in 2016

May 02, 2012 - 7:34 PM

Travellers may be the last of 4 casino operators to open in the Manila gaming hub