Travellers International declares 2014 dividend
Travellers International Hotel Group Inc, owner and operator of the Resorts World Manila casino property (pictured), on Wednesday announced the payment of a final dividend for 2014 worth PHP1.1 billion (US$24.6 million), or PHP0.07 per share.
The dividend is equivalent to 20 percent of the company’s net profit in 2014, the firm said in a filing to the Philippine Stock Exchange. Travellers International is a venture between Philippines-based Alliance Global Group Inc and Genting Hong Kong Ltd.
The dividend will be payable on June 18, 2015, to those recorded as shareholders as of the close of business on June 11, 2015, the company said.
Travellers International’s net profit nearly doubled for the year ended December 31. Annual profit was approximately PHP5.46 billion in 2014 compared to PHP2.74 billion in 2013, a rise of 98.8 percent.
In Wednesday’s filing, the company said that expansion plans for Resorts World Manila “remain on track”.
Travellers International broke ground in the autumn on the US$1.1 billion Bayshore City Resorts World, which is due to open in the final quarter of 2018.
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Philippine casino demand outstrips supply: MS August 17, 2017 
Junket investor Suncity launches player history app August 17, 2017 
DB bullish on Wynn Resorts for Wynn Palace August 16, 2017