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Travellers International GGR falls 5.7 percent

Genting HK announced that Resorts World Manila-operator Travellers International’s gross gaming revenues decreased 5.7 percent to P6.7 billion ($150.8 million) for 15Q1, down from P7.2 billion in the same period of 2014.

The company’s 15Q1 net profit was P1.74 billion, a P26.9 million increase from P1.71 billion in 2014. 

Average table count increased to 295 for the three months ended March 31, from 287 in the same period in 2014. Average slot machines decreased to 1,851 from 1,853, while ETG count remained the same at 210.

The company says it remains cautious in the VIP segment and though visitation remains strong the mass segment was affected by various events.

“Visitation remains strong at 20,229 average daily property visits. However, the mass segment volume was affected by the road and air traffic because of the skyway construction, the Pope’s visit and the long weekend leading to the Holy Week. The volume decline was offset by an increase in win rate.”

Non-casino Q1 YoY revenues were relatively flat at P554.8 million, from P575.3 million in 2014. Hotel Occupancy rates for the quarter were strong with all three hotels, Maxims Remington and Marriott, registering an average occupancy rate of 84.6 percent, the company said.


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