RWM sees signs of recovery

Alliance Global, owner and operator of Resorts World Manila, said it is seeing signs of recovery following the casino attack in June that left 38 people dead, reports Rappler.

"I think the proof is in the numbers and you can see the traffic coming back. It is averaging 26,000 people a day from the previous average of 28,000 and we're just in September," said Alliance Global president Kingson Sian during the annual stockholders' meeting on Tuesday.

Sian said the loss of the second floor has pushed the firm to expedite its Phase 3 expansion.

The expansion will add three additional casino levels, pushing the casino’s total gaming offering to 650 gaming tables and 4000 slot machines once complete.

"We're targeting opening the 3rd phase of RWM in the first quarter of 2018 but there might be a chance that we will have a soft opening by late December of this year and that should augment at least what we've lost in the 2nd floor," he said.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts