Resorts World Manila operator books a $13.7 million Q2 profit

Improved gross gaming revenue lifts the second quarter profits of Travellers International Hotel Group Inc. – the joint venture controlled by Malaysia’s Genting Bhd and the Philippines’ Alliance Global Group – by three percent.

The operator of Resorts World Manila said in a filing before the Philippine Stock Exchange on Monday that it posted a PHP638 million (US$ 13.7 million) for the April to June 30, 2016 period as a result of the strong performance of its gaming business.

Data shows that the casino operator’s gross gaming revenue (GGR) increased by nine percent to PHP6.2 billion (US$133.18 million) this year compared to the same period last year due to the increased volumes across all segments and an improved win rate.

Meanwhile, non-gaming businesses, which include hotel, F&B, and other revenues, posted positive year on year results with a 7% increase ending the quarter at PHP 920 million (US$ 19.76 million).