• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Alliance Global affirms Philippines gaming a core business

Sep 16, 2014 Newsdesk Latest News, Philippines  


Alliance Global affirms Philippines gaming a core business

The president of Alliance Global Group Inc – a Philippines conglomerate that is a joint venture investor in the Resorts World Manila casino resort (pictured) – says the firm will “remain focused on its core businesses”, including gaming.

“Rather than diversifying into other businesses, which may not be within our core competence, we will focus our energy on strengthening and growing our existing businesses,” said Kingson Sian, during a press conference following Alliance Global’s stockholders’ meeting on Tuesday according to a filing by the company to the Philippine Stock Exchange.

At the board meeting Mr Sian was confirmed as president, and Andrew Tan was confirmed as chairman and chief executive.

Alliance Global’s interest in Resorts World Manila is held via its Travellers International Hotel Group Inc venture with Genting Hong Kong Ltd.

Resorts World Manila is undergoing a US$650 million expansion that will “potentially double the number of hotel rooms as well as gaming capacity by 2017,” said Alliance Global in its filing.

The firm has declared cash dividends totalling PHP3.9 billion (US$89.1 million), equal to PHP0.38 per share.

It is payable on September 22 to all stockholders of record as of September 8, 2014. The cash dividends are being declared out of the unrestricted retained earnings of Alliance Global as of December 2013.


  • tweet
Related articles
  • Macau ops sign contract extension, eye fresh public tender
    Macau ops sign contract extension, eye...

    Jun 23, 2022  

  • Pagcor missing US$43mln revenue from POGOs: audit
    Pagcor missing US$43mln revenue from...

    Jun 23, 2022  

More news
  • Maybe new Macau mass Covid test, community spread still
    Maybe new Macau mass Covid test,...

    Jun 24, 2022  

  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  


Latest News

Maybe new Macau mass Covid test, community spread still

Maybe new Macau mass Covid test, community spread still

Jun 24, 2022  

It is likely that Macau will shortly have a third round of citywide centre-based Covid-19 testing in little more than a week, after the results so far of a second mass test – that was due to finish...
Read More
Blackstone clinches US$6.15bln takeover of Crown Resorts

Blackstone clinches US$6.15bln takeover of Crown Resorts

Jun 24, 2022  

Jeju still studying online gaming for its casinos: govt

Jeju still studying online gaming for its casinos: govt

Jun 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$5.8 million

Amount that each Macau casino operator paid for the circa six-month extension of their respective contract



Most Popular

  • Okada Manila control dispute back in court: UniversalOkada Manila control dispute back in court: Universal June 22, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
  • Macau gaming ops contract rollover signed today: CEMacau gaming ops contract rollover signed today: CE June 23, 2022
  • Macau shuts leisure sites amid Covid, casinos can still runMacau shuts leisure sites amid Covid, casinos can still run June 23, 2022
  • Claimed US$3.5mln scam on Chinese, Daegu Casino: reportsClaimed US$3.5mln scam on Chinese, Daegu Casino: reports June 22, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us