Resorts World Manila Reopens Casino’s Second Floor after 2017 Incident
Resort World Manila has stepped up its preparations for the upcoming reopening of the second floor of its casino in July. The revamped floor will occupy 7,000 square meters and will feature 100 gaming tables and 600 slot machines.
Resorts World Manila is set to relaunch the space two years after a sole gunman opened fire on the second floor of the gambling venue and then set gaming tables and slot machines on fire. The fire killed 36 people and injured dozens of others. Most of the victims lost their lives either by trying to escape in a stampede or suffocating from the smoke that had filled the area.
The soon-to-be reopened floor will bring the gaming options in that area of the resort to a total of 165 gaming tables and nearly 1,000 slot machines. This will be in addition to more than 200 gaming tables and 1,300 slot machines in Resorts World Manila’s Garden Wing.
Resorts World Manila opened doors in 2009 in the Philippine capital Manila. The property is owned and operated by Travellers International Hotel Group, Inc., a joint venture between Genting Hong Kong and its Philippine partner Alliance Global Group.
The expanded gaming area is expected to increase the average daily foot traffic to 40,000-50,000 visitors by next year. The property recorded average daily foot traffic of 28,500 people n 2018.
Once Resorts World Manila cuts the ribbon on its casino’s second floor, it will have more gaming space than it has ever had before, Travellers President and CEO Kingson U. Sian told business news outlet BusinessWorld.
Double-Digit Gaming Revenue Growth
Travellers targets a double-digit growth in gaming revenue with the new additions to its casino floor, Mr. Sian added. The company reported a 55% rise in gross revenue during the first quarter of the year to PHP8.5 billion (approx. $163.5 million). However, net income for the period was down 45% year-on-year to PHP244.4 million.
Travellers’ top executive told BusinessWorld that they are “coming from a low base and we’re coming up with new spaces so we’re expanding the gaming revenue.” Mr. Sian further elaborated that they are working hard to complete the property’s new facilities and that their plan is to sustain the expected increased revenue.
Gaming revenue recorded a 53.8% increase during the three months ended March 31, 2019 to PHP6.9 billion. The growth was attributed to both the VIP and mass market segments.
Aside from the expanded gaming space, Resorts World Manila is also poised to expand its hotel rooms offering by the end of the year. The property is gearing up preparations for the upcoming launch of Hotel Okura Manila later this year.
Resorts World Manila also debuted Hilton Manila in October 2018 and Sheraton Manila Hotel in January for a total of 940 additional hotel rooms at the property. The resort is poised to ring in 2020 with 3,555 rooms after the late 2019 opening of its latest hotel.
Resorts World Manila’s hotel portfolio also includes Marriott Hotel Manila, Maxims Hotel, and Holiday Inn Express Manila Newport City.
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