Net gaming revenue at the property fell 15 per cent year-on-year.
The Philippines.- The Philippine integrated resort Newport World Resorts saw gross gaming revenue (GGR) of PHP6.6bn (US$107.2m) for the first quarter of 2026. A filing by parent company Alliance Global Group shows that net gaming revenue fell 15 per cent year-on-year to PHP5bn (US$81.3m).
The company said promotional allowances were reduced by 23 per cent to PHP1.6bn (US$26m) during the period, reflecting tighter marketing spend.
Travellers International, a subsidiary of Alliance Global and developer of Newport World Resorts, recorded gross revenues of PHP8.6bn (US$139.7m) for the quarter, broadly stable against the prior period, while net revenues decline 9.2 per cent year-on-year to PHP7.0bn (US$113.8m).
Non-gaming revenue rose 10 per cent year-on-year to PHP2.0bn (US$32.6m), supported by stronger hotel occupancy, higher average room rates, and improved retail and food-and-beverage spending.
The group noted that improved cost efficiency supported financial stability, with operating expenses down 6 per cent year-on-year to PHP2.3bn (US$37.4m) and direct costs reduced by 5 per cent. These measures reduced margin pressure, although EBITDA declined to PHP1.7bn (US$27.6m) from PHP2.1bn (US$34.2m) a year earlier.
At the group level, Alliance Global reported consolidated revenue of PHP42.2bn (US$686.5m), up 1 per cent year-on-year on a normalised basis, while net income rose 6 per cent to PHP7.8bn (US$126.8m). Net income attributable to owners increased 5 per cent to PHP5.2bn (US$84.6m).
Net gaming revenue at the property fell 15 per cent year-on-year. The Philippines.- The Philippine integrated resort Newport World Resorts saw gross gaming revenue (GGR) of PHP6.6bn (US$107.2m) for the first quarter of 2026. A filing by parent company Alliance Global Group shows that net gaming revenue fell 15 per cent year-on-year to PHP5bn (US$81.3m)….
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