• 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

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
  • MSW sportsbook back and bigger at Resorts World Manila
    MSW sportsbook back and bigger at...

    Jun 23, 2022  

  • Local partner for Resorts World Manila injects US$75mln
    Local partner for Resorts World Manila...

    Jun 16, 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

  • Maybe new Macau mass Covid test, community spread stillMaybe new Macau mass Covid test, community spread still June 24, 2022
  • Blackstone clinches US$6.15bln takeover of Crown ResortsBlackstone clinches US$6.15bln takeover of Crown Resorts June 24, 2022
  • Alvin Chau, Suncity trial set for September 2: courtAlvin Chau, Suncity trial set for September 2: court June 20, 2022
  • Jeju still studying online gaming for its casinos: govtJeju still studying online gaming for its casinos: govt June 24, 2022
  • Macau ops sign contract extension, eye fresh public tenderMacau ops sign contract extension, eye fresh public tender June 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us