• 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

Resorts World Manila partner Alliance Global gives dividends

Aug 26, 2014 Newsdesk Industry Talk, Latest News, Philippines  


Resorts World Manila partner Alliance Global gives dividends

The board of Alliance Global Group Inc (AGI) – a Philippines conglomerate that is a joint venture investor in the Resorts World Manila casino resort (pictured) in the Philippines – has declared cash dividends of PHP0.38 per share or a total of about PHP3.9 billion (US$89.1 million).

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 AGI as of December 2013.

“This is in line with AGI’s constant efforts to increase shareholder value as AGI has generously paid out dividends in the past three years – PHP0.36 per share in 2011 and 2012, and PHP0.38 last year,” said the company in a filing to the Philippine Stock Exchange on Tuesday.

“We are happy to share as dividends with our shareholders about 23 percent of our 2013 net profit attributable to owners of AGI,” added chairman Andrew Tan in the prepared statement.

AGI recently announced consolidated group earnings of PHP11.4 billion in the first six months of this year, up 1.2 percent from the same period last year. PHP7.5 billion was attributable to AGI.

Alliance Global’s interest in Resorts World Manila is held via its Travellers International Hotel Group Inc venture with Genting Hong Kong Ltd. The latter on Friday reported its own half-year results.

Genting Hong Kong’s share of profit from Travellers International totalled US$27.8 million, compared with US$26.6 million in first half 2013. The slight improvement was “primarily due to the improvement in Travellers’ operating expenses on cost management initiatives,” said Genting Hong Kong.


  • tweet
Related articles
  • GEN HK liquidators considering offers on Manila venue stake
    GEN HK liquidators considering offers...

    Aug 18, 2022  

  • Travellers International 2Q GGR up 25pct sequentially
    Travellers International 2Q GGR up...

    Aug 16, 2022  

More news
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss
    Galaxy Ent 2Q EBITDA dips 41pct...

    Aug 18, 2022  

  • Kangwon 2022 rev US$1bln if Covid easing holds: broker
    Kangwon 2022 rev US$1bln if Covid...

    Aug 18, 2022  


Latest News

Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss

Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss

Aug 18, 2022  

Second-quarter net revenue at Macau casino operator Galaxy Entertainment Group Ltd declined 40.9 percent sequentially to HKD2.42 billion (US$309.0 million). Such revenue was down 56.4 percent from...
Read More
GEN HK liquidators considering offers on Manila venue stake

GEN HK liquidators considering offers on Manila venue stake

Aug 18, 2022  

Kangwon 2022 rev US$1bln if Covid easing holds: broker

Kangwon 2022 rev US$1bln if Covid easing holds: broker

Aug 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"We warn the cross-border gambling crime suspects to stop their criminal acts, to return to the country, and turn themselves in so that they could still be granted lenient treatment"

Wang Wenbin

Spokesman from China’s Ministry of Foreign Affairs



Most Popular

  • Singapore’s Gambling Regulatory Authority inauguratedSingapore’s Gambling Regulatory Authority inaugurated August 16, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau GGR 8-14 Aug US$10mln/day, up 120pct: brokerageMacau GGR 8-14 Aug US$10mln/day, up 120pct: brokerage August 16, 2022
  • David Chow exits board of casino services biz Macau LegendDavid Chow exits board of casino services biz Macau Legend August 17, 2022
  • Macau drops professional secrecy override from junket billMacau drops professional secrecy override from junket bill August 16, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us