MANILA, Philippines - Integrated gaming resort developer and operator Travellers International Hotel Group Inc. saw a 45-percent year-on-year drop in first quarter net profit to P244.44 million as operating expenses and financing costs surged with the opening of new hotel and gaming space at Resorts World Manila. Gross gaming revenues (GGR) for the first quarter went up by 53.8 percent year-on-year to P6.9 billion, driven by the sustained growth of the VIP or high-roller and mass market segments while non-gaming revenues from the hotel and food/beverage business also expanded by 66.2 percent to P1.6 billion. Average daily property visitation increased ...
Keep on reading: Travellers nets P244M profit in Q1
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