AGI said in a disclosure to the stock exchange Tuesday subsidiary Newport World Resorts Properties Inc. signed a share purchase agreement for the acquisition of the shares of Star Cruises Philippines Holdings B.V., Asian Travellers Ltd. and Premium Travellers Ltd. in Travellers International Hotel Group Inc.
The Genting HongKong group owns a 40-percent stake in TIHGI, while AGI holds the remaining 60 percent. Newport World Resorts is a pioneer in integrated resorts development as it started operations in 2009. The property is strategically located right across Ninoy Aquino International Airport Terminal 3.
Gross gaming revenues improved 36 percent year-on-year, while promotional allowance rose 7 percent. This resulted in net gaming revenue growth of 56 percent to P6.1 billion in the first quarter, AGI said.
Source: Entertainment Trends (entertainmenttrends.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andrew Tan buys Genting HK stake in TIHGI | VG CabuagNewport World Resorts Properties Inc., a subsidiary of Andrew Tan’s Alliance Global Group Inc., has acquired all of the shares of Genting HongKong Ltd. in Tan’s resort and gambling business. In its disclosure, Newport World said it has entered into a share purchase agreement for the acquisition of shares in…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Your last chance for a sizzling feastSavor the summer at Newport World Resorts, where the finest chefs present a global feast until May 31. Indulge in
Source: MlaStandard - 🏆 20. / 55 Read more »
Ugandan president signs one of the world’s harshest anti-LGBTQ bills into lawThe bill includes the death penalty for “aggravated homosexuality’ which includes sex with a minor, having sex while HIV positive and incest.
Source: CNN Philippines - 🏆 13. / 63 Read more »
POC pushing for Yulo to compete in Asian Games instead of world championshipsCarlos Yulo is slated to miss the Asian Games as its schedule runs in conflict with the World Artistic Gymnastics Championships, where spots in the Paris Olympics are up for grabs.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
World leaders congratulate Türkiye's victorious ErdoganANKARA, Türkiye -- Joe Biden and Vladimir Putin were among world leaders congratulating Turkish President Recep Tayyip Erdogan after he won Sunday's historic run-off election to extend his two-decade rule.
Source: manilabulletin - 🏆 25. / 51 Read more »
STREAMING REVIEWS: Arnold does comedy and the world of remakesHere are two new drops that are dripping with nostalgia. One has a grizzled Arnold morning comedy in a Limited Series, while the second turns remakes into a Hit or Miss affair.
Source: manilabulletin - 🏆 25. / 51 Read more »