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Philippines – Genting plans 2020 opening for Westside City Resorts World

By - 18 August 2017

Genting Hong will open its Westside City Resorts World integrated resort in Manila’s Entertainment City in 2020.

The group said: “Come 2020, another Resorts World brand will have its second location in the country. The Westside City Resorts World will be a 31-hectare property situated in Philippine Amusement and Gaming Corporation’s Entertainment City and is projected to have at least 1,500 hotel rooms from in-house and international hotel brands.”

Genting said it was still ‘tweaking’ the project’s design ‘so that we offer something that is quite unique not only there but also in relation to Resorts World Manila. So we don’t repeat the same offering.’

Genting Hong Kong made the announcements as it confirmed its better than expected six months results to 30 June with revenue up 22.2 per cent year-on-year to US$532.5m. Despite the revenue increase, the company posted a loss of US$203.2m. It operates Resorts World Manila and a host of cruise liners.
Revenue from Resorts World Manila suffered as the venue was shut for 28 days in June following the much –publicised attack that killed 38 people. Genting Hong Kong’s profits from the casino fell to US$2.2m from US$19.1m a year earlier.

Since the attack the company has completed the construction of the Sheraton Manila Hotel with the Hilton Manila and Maxims II expected to be completed in early 2018.

“The new lodgings will also include additional gaming areas, more retail space and six basement parking decks,” Genting said. “The Sheraton Manila Hotel will offer 391 new hotel rooms and Maxims II an additional 190 rooms, while Hilton Manila will house 355 rooms. Upon completion of all three, RWM’s room count will increase to 2,390 –the biggest among all the integrated resorts in the Philippines.”

On the cruise liner side there was a marked depreciation in Genting Dream and Crystal Mozart, higher marketing costs and start-up costs for the new Crystal river ships and start-up costs associated with Crystal AirCruises operations in 2017.

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