Strong gaming revenues buoyed the third-quarter profit of integrated gaming resort Resorts World Manila (RWM) developer Travellers International Hotel Group Inc. by 153.5 percent to PHP1.18 billion (US$24.0 million).

In a filing before the Philippine Stock Exchange on Monday, Travellers reported that its profit improved in the July to September 2016 compared to PHP467.1 million (US$ 9.51 million) in the prior-year period.

Net revenues from gaming rose more modestly – by 14.2 percent year-on-year – to approximately PHP6.21 billion, according to the casino operator. Travellers added that its net profit for the first nine months rose by 5.3 percent year-on-year to PHP 2.98 billion (US$ 60.6 million).

“The company continues to be profitable and remains committed in maintaining recurring dividends to our shareholders while being able to expand operations,” Kingson Sian, Travellers president and chief executive officer, said.