Alliance Global Group to spend US$75 million on Resorts World Manila expansion projects in 2022

Philippines conglomerate Alliance Global Group Inc (AGI) says it plans to spend Php4 billion (US$75 million) on expansion projects at its jointly owned integrated resort, Resorts World Manila, this year.

Part of a wider Php60 billion (US$1.1 billion) capital expenditure plan across its many business arms in 2022, AGI said it would provide funding to RWM parent Travellers International Hotel Group Inc’s ongoing expansion projects, “mainly in leisure and entertainment.”

This, it explained, follows RWM seeing its gross gaming revenues on the rise in recent months on eased quarantine restrictions, propelled by its “reinvigorated” VIP business.

Source: https://www.asgam.com/index.php/2022/06/17/alliance-global-group-to-spend-us75-million-on-resorts-world-manila-expansion-projects-in-2022/