Newport World Resorts is undergoing an ownership change. That’s after Philippines conglomerate Alliance Global Group (AGI) agreed to buy out Genting Hong Kong’s 40% position in the integrated casino resort in Manila.
Formerly known as Resorts World Manila, the casino was developed by Travellers International Hotel Group (TIHG). TIHG is a joint venture between AGI and three Genting subsidiaries, including Star Cruises Philippines Holdings, Asian Travellers Limited, and Premium Travellers Limited.
After Genting’s cruise ship subsidiaries filed for bankruptcy last year and the three companies’ assets were liquidated, Travellers International opted to change the name of Resorts World Manila to Newport World Resorts. Resorts World is a casino brand owned and operated by Genting’s parent organization, the Genting Group, based in Malaysia.
Formerly known as Resorts World Manila, the casino was developed by Travellers International Hotel Group (TIHG). TIHG is a joint venture between AGI and three Genting subsidiaries, including Star Cruises Philippines Holdings, Asian Travellers Limited, and Premium Travellers Limited.
After Genting’s cruise ship subsidiaries filed for bankruptcy last year and the three companies’ assets were liquidated, Travellers International opted to change the name of Resorts World Manila to Newport World Resorts. Resorts World is a casino brand owned and operated by Genting’s parent organization, the Genting Group, based in Malaysia.