Resorts World Manila reports 43% GGR increase in 1Q22 as Philippines reopening takes effect

Resorts World Manila, the Philippines integrated resort located alongside Manila’s Ninoy Aquino International Airport, reported a 30% year-on-year increase in consolidated revenues and 43% increase in GGR in the three months to 31 March 2022, buoyed by a strong recovery on its gaming floors.

The financial results of RWM’s operating entity, Travellers International Hotel Group, were published by one of its joint venture partners, Alliance Global Group (AGI), on Wednesday.

The property recorded consolidated revenues of Php4.9 billion (US$93 million) while gross gaming revenue of Php6.5 billion (US$124 million) was 43% higher year-on-year thanks to the full relaunch of gaming activities in March. Casinos located within Manila’s IRs had been granted permission to operate at 75% capacity from early January provided they adhere to strict COVID-19 regulations, but falling case numbers saw all capacity restrictions dropped from 1 March.

Source: https://www.asgam.com/index.php/2022/05/26/resorts-world-manila-reports-43-ggr-increase-in-1q22-as-philippines-reopening-takes-effect/