Travellers International Hotel Group Inc, owner and operator of the Resorts World Manila casino property, on Monday announced the payment of a regular cash dividend worth PHP630.2 million (US$12.6 million), or PHP0.04 per share.
Travellers International is a venture between Philippines-based Alliance Global Group Inc and Genting Hong Kong Ltd.
The dividend will be payable on June 9, to those recorded as shareholders as of the close of business on May 31, the company said.
The dividend is equivalent to 18.5 percent of the company’s net profit in 2016.
Travellers International’s saw its profit slip 15.4 percent in full-year 2016. Such profit was nearly PHP3.40 billion, compared to nearly PHP4.02 billion in the prior-year period.
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”Our own consensus is that any newcomers to this [junket] sector should be corporatised, and should be financially sound and able to commit a higher guarantee deposit”
Kwok Chi Chung
President of junket trade body, the Macau Association of Gaming and Entertainment Promoters