Daily brief
Market · Philippines · Fri 13 Nov · 3 min read · By Roland Cinco
Alliance Global reaffirms Westside opening by end-2026
What happened
Alliance Global Group Inc said in its 12 November 2026 Philippine Stock Exchange filing that Manila’s USD1.25 billion Westside Resort remains scheduled to open by year-end.
The Entertainment City development is expected to feature more than 2,500 hotel rooms across three brands, over 2,000 gaming machines and tables, restaurants, retail and entertainment.
The company did not provide a precise opening date or an updated construction timetable for the casino resort in its announcement.
Travellers International Hotel Group Inc, which owns and operates Newport World Resorts, recorded nine-month EBITDA of PHP6.1 billion, up 8 percent year-on-year.
Net revenue reached PHP23.1 billion for the nine months to 30 September 2026, with non-gaming growth offsetting softer VIP gaming revenue, according to the parent.
Non-gaming revenue increased 16 percent year-on-year to PHP5.9 billion, with growth accelerating to 23 percent in the third quarter.
Operating costs remained steady over the nine months, while third-quarter hotel and food and beverage revenue rose 11 percent, Alliance Global said.
Why it matters
Sources: GGRAsia
Related briefs
- Alliance Global locks in full Newport controlAlliance Global completing its buyout of Genting HK's Travellers International stake ends years of joint venture ambiguity over Newport World Resorts. Full ownership means faster capital allocation decisions, cleaner governance, and no more shared-control friction on major project approvals. For competitors in Entertainment City, a more decisive ownership structure at Newport is a threat: expect accelerated reinvestment and sharper competitive positioning at a property that has been operating under ownership uncertainty since 2023.Market
- Kangwon Land posts quarterly loss as mass gaming revenue fallsKangwon Land Inc reported a KRW3.63 billion net loss for the third quarter of 2026, compared with a KRW113.07 billion profit in the prior-year period. The company attributed the reversal mainly to fair-value losses on financial assets following sharply higher bond yields, recording a net non-operating loss of approximately KRW55.9 billion. Third-quarter operating income fell 17.9 percent year-on-year to KRW59.67 billion, while group-wide sales declined 3.8 percent to KRW369.45 billion for the three months to 30 September. Casino visitor volume fell 3.2 percent year-on-year to 640,039, which the company said led to a 2.5 percent decrease in GGR to KRW359.4 billion. Mass gaming GGR, including foreign visitors, fell 4.8 percent to KRW294.9 billion, with the company reporting visitation down 3.4 percent and drop down 6.5 percent. VIP GGR rose 9.6 percent year-on-year to KRW64.5 billion, supported by an 11.1 percent increase in visitation and a 5.2 percent rise in drop. Non-gaming revenue fell 17.4 percent to KRW41.7 billion, primarily because ongoing room renovations reduced hotel and condominium room revenue and water park revenue, the company said.Market · South Korea
- Galaxy revenue rises 4% as high VIP hold supports resultsGalaxy Entertainment Group reported Q3 2026 net revenue of HKD12.7 billion, up 4% year-on-year and 7% quarter-on-quarter, according to Inside Asian Gaming on 6 November 2026. Group GGR reached HKD12.9 billion, while adjusted EBITDA rose 10% year-on-year and 9% quarter-on-quarter to HKD3.7 billion, with results aided by a 4.8% VIP hold rate. Flagship Galaxy Resort recorded net revenue of HKD10.8 billion, up 7.4% year-on-year, and adjusted EBITDA of HKD3.54 billion, up 15.3%, with a 33% margin. Galaxy Resort’s rolling chip volume fell 5.6% year-on-year but increased 15.4% quarter-on-quarter, while a 4.7% win rate lifted rolling chip win to HKD2.86 billion. Mass table drop at Galaxy Resort was slightly lower, with mass win falling 1.3% year-on-year to HKD8.10 billion and slots win reaching HKD677 million. StarWorld net revenue declined 10.6% year-on-year and 7.6% quarter-on-quarter to HKD1.13 billion, while adjusted EBITDA stood at HKD279 million during ongoing hotel renovations. Chairman Francis Lui said reduced room availability affected StarWorld’s quarterly EBITDA by approximately HKD20 million, with renovation completion targeted for the first quarter of 2027.Market · Regional

Comments (0)
Be civil. No promotion. No confidential information.