• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Govt rejects Manila airport revamp cuts: Alliance Global

Jul 07, 2020 Newsdesk Latest News, Philippines, Top of the deck  


Govt rejects Manila airport revamp cuts: Alliance Global

Philippine conglomerate Alliance Global Group Inc says the country’s government has turned down most suggestions made in the light of Covid-19, about a more economical way for a consortium of which Alliance Global is part, to upgrade Ninoy Aquino International Airport (NAIA). The latter is the main air passenger hub serving Manila (pictured in a file photo).

Alliance Global is an investor in the Resorts World Manila casino complex next door to the airport in that nation’s capital.

Alliance Global said in a press statement filed on Tuesday to the Philippine Stock Exchange: “The far-reaching and long lasting consequences of the coronavirus pandemic on airline travel, airline operations and airport passenger traffic necessitated a review of the assumptions and plans to ensure that the NAIA project will be viable in the ‘new normal’.”

The group added: “The consortium proposed changes to update the NAIA project’s framework to ensure the bankability of the NAIA project.”

But the conglomerate further noted: “Unfortunately, the government indicated that it is not willing to accept most of the consortium’s proposed options and the consortium can only move forward with the NAIA project under the options it has proposed.”

A 2018 report by the Nomura banking group said that lack of fresh airport infrastructure was a factor holding back the growth of inbound tourism to the Philippines, adding that improvements could see a “bump-up in VIP business,” for the country’s casino sector.

Alliance Global noted in its press release that in February 2018 a consortium of which it is part had submitted an “unsolicited proposal” to the Philippine Department of Transportation and the Manila International Airport Authority to “expand, upgrade, and transform” Ninoy Aquino International Airport.

Alliance Global said in its Tuesday announcement: “The consortium remains committed to support the government’s pursuit to implement its strategic infrastructure projects through public-private partnership to jump-start the recovery of the economy, including the building of an international gateway that will reflect the growing and modernising economy of the country.”


  • tweet
Related articles
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan
    Macau 1Q VIP GGR bad at 20pct pre...

    Apr 14, 2021  

  • Maybe only handful Macau junkets can survive: trade rep
    Maybe only handful Macau junkets can...

    Apr 01, 2021  

More news
  • Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch
    Macau 2021 GGR could be half of pre-...

    Apr 15, 2021  

  • Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts
    Only 2 of 8 Jeju casinos now open as...

    Apr 15, 2021  


Latest News

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch

Apr 15, 2021  

Macau’s economy is projected to “rebound by 53 percent” this year, assuming a recovery in gross gaming revenue (GGR) “to about half” of pre- Covid-19 levels, said Fitch...
Read More
Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts

Only 2 of 8 Jeju casinos now open as Gongzi Jeju shuts

Apr 15, 2021  

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Macau 1Q gaming tax take US$1.15 bln, down 50pct

Apr 15, 2021  

IMGL launches global magazine on gaming law

IMGL launches global magazine on gaming law

Apr 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We ... model that VIP GGR [in Macau] can ultimately only recover to about half of pre- Covid-19 levels, despite opening of multiple high-end properties”

DS Kim, Derek Choi, and Livy Lyu

Analysts at JP Morgan



Most Popular

  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
  • Macau seeks mutual vaccine recognition with Guangdong: CEMacau seeks mutual vaccine recognition with Guangdong: CE April 13, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • Philippines needs AML reform on casino biz: IMFPhilippines needs AML reform on casino biz: IMF April 12, 2021
  • Macau casino 1Q EBITDA softer sequentially: MSMacau casino 1Q EBITDA softer sequentially: MS April 12, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us