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Tourism investment gate opens

2018-01-10 beta.philstar
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) appears to be in a frenzy approving new tourism economic zones (TEZs) and promising the approval of many more this year. (6-0)

Gaming stocks on winning streak in 2017

2018-01-08 beta.philstar
MANILA, Philippines — Gaming stocks in the Philippines were on a winning streak last year, mirroring the trend in the Asian region and reflecting investors’ optimism on the huge growth potential of the sector in the coming years. (6-0)

Casinos, resorts remain strong despite setbacks

2018-01-07 bworldonline
The sector’s gross value added  (GVA) — a measure of the value of goods and services produced by a sector — increased by 7.3% to P841.70 billion in 2016, the Philippine Statistics Authority data showed. (1-1)

Resorts World bringing in Japan’s luxury hotel Okura

2018-01-05 beta.philstar
MANILA, Philippines — The operator of Resorts World Manila (RWM) has formalized an agreement with Japanese luxury hospitality chain Hotel Okura Co. Ltd. to operate Hotel Okura Manila. (6-0)

Travellers signs management contract for Hotel Okura Manila

2018-01-05 bworldonline
TRAVELLERS International Hotel Group, Inc. has chosen Japanese luxury hospitality chain Hotel Okura Co., Ltd. to operate a 191-room hotel within the country’s first integrated resort, the listed company told the stock exchange on Friday. (1-0)

191-room Hotel Okura to open in RWM

Travellers International Hotel Group of tycoon Andrew Tan operates the Resorts World Manila casino and hotel complex in Pasay City. (1-0)

Japan’s Hotel Okura to open first luxury outlet in Philippines in 2018

MANILA – Japan’s Hotel Okura Co. will open its first luxury hotel in the Philippines next year as part of efforts to expand overseas, capitalizing on growing numbers of travelers to the Southeast Asian country. (1-0)

AGI reports 13% drop in income in 9 months

2017-11-12 philstar
MANILA, Philippines — Alliance Global Group Inc. (AGI), the conglomerate of tycoon Andrew L. Tan, reported a net income to P15.2 billion in the first nine months,13 percent lower than the P17.3 billion posted in the same period last year as some businesses such as Resorts World Manila encountered challenges in the early part of the year. (4-0)

AGI 9-month net income drops

2017-11-12 bworldonline
ALLIANCE GLOBAL Group, Inc. (AGI) posted a decline in earnings for the nine months ending September, as the growth in its property and quick-service restaurant segments failed to offset the slowdown in its liquor and integrated resorts businesses. (4-0)

Tan’s AGI wants to build monorail from Fort to MRT

2017-10-11 bworldonline
ALLIANCE GLOBAL Group, Inc.’s (AGI) latest push for diversification will be into the infrastructure sector, starting with the submission of an unsolicited proposal for a two-kilometer monorail project connecting Fort Bonifacio to the Metro Rail Transit Line 3 (MRT-3).  (9-0)

AGI sets P5B stock repurchase program

2017-09-19 bworldonline
ALLIANCE GLOBAL Group, Inc. (AGI) will be buying back its shares for up to P5 billion in the next two years in a bid to enhance shareholder value amid the company’s aggressive expansion program.  (4-0)

AGI sets P5B stock buyback

Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc. has earmarked P5 billion for a two-year share buyback program, believing that the conglomerate’s shares are “grossly undervalued” in the stock market. (4-1)

AGI nets P6.72B

Tycoon Andrew Tan-led Alliance Global Group Inc. posted P6.72 billion in first semester net profit attributable to equity holders, down by 8 percent year-on-year on slower earnings contribution from its integrated gaming resort and liquor businesses.

Alliance Global profit hits P10.1 B

2017-08-14 philstar
MANILA, Philippines - Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew Tan, posted a net income of P10.1 billion in the first half of the year, 13 percent lower than the previous year.

Resorts World operator nets P375M

Resorts World Manila (RWM) developer and operator Travellers International Hotel Group saw a 79-percent year-on-year decline in first semester net profit to P374.77 million following the suspension of gaming operations for nearly a month in June.