• 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
  • Mohegan seeks govt nod to delay Inspire opening
    Mohegan seeks govt nod to delay Inspire...

    Jan 22, 2021  

  • Morgan Stanley dips Macau 2021 GGR outlook on weaker VIP
    Morgan Stanley dips Macau 2021 GGR...

    Jan 08, 2021  

More news
  • Sci Games says ‘Singing Cats’ nodded in 9 APAC markets
    Sci Games says ‘Singing Cats’...

    Jan 27, 2021  

  • LT Game says 1Q Macau launch for its Jackpot Series
    LT Game says 1Q Macau launch for its...

    Jan 27, 2021  


Latest News

Sci Games says ‘Singing Cats’ nodded in 9 APAC markets

Sci Games says ‘Singing Cats’ nodded in 9 APAC markets

Jan 27, 2021  

Gaming supplier Scientific Games Corp has told GGRAsia that its new “Jin Ji Bao Xi – Singing Cats” slot machine game (pictured) is “approved and available” in nine Asia-Pacific...
Read More
LT Game says 1Q Macau launch for its Jackpot Series

LT Game says 1Q Macau launch for its Jackpot Series

Jan 27, 2021  

Macau’s licensed junket tally down to 85: govt

Macau’s licensed junket tally down to 85: govt

Jan 27, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We will continue supporting our people and the local communities in which we operate, reinvesting in our current markets, producing strong returns for our shareholders and aggressively pursuing new development opportunities"

Patrick Dumont

President and chief operating officer of Las Vegas Sands



Most Popular

  • China said to be expanding blacklist for overseas gamblingChina said to be expanding blacklist for overseas gambling January 27, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Okada Manila warns against online casino, sale rumoursOkada Manila warns against online casino, sale rumours January 25, 2021
  • Cotai expansion to aid Macau EBITDA to 2019 level: CICCCotai expansion to aid Macau EBITDA to 2019 level: CICC January 26, 2021
  • Hoiana official opening scheduled for 2H 2021: UBSHoiana official opening scheduled for 2H 2021: UBS January 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us