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Philippines – Resorts World Manila brings forward Phase 3 completion date

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Resorts World Manila is speeding up the completion of its phase 3 opening following the deadly arson attack in June which killed 38 people.

The operator will not be reopening the second floor of the casino where the attack took place closed and instead is converting it into a new part of its shopping mall.

The Phase 3 expansion will see three new casino floors with 650 tables and 4,000 slot machines open.
Kingson Sian, President of Alliance Global Incorporated, which owns Travellers International, which owns Resort World Manila, said: “We lost the 2nd floor. We are not operating it anymore and converting that into part of the mall. Of course there was a revenue decline because of that so that’s why we’re rushing the Phase 3 expansion. We’re targeting opening the 3rd phase of RWM in the 1st 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.”

Travellers reported a loss of US$6m in the second quarter of the year. However the venue is recovering with an average of 26,000 people a day from its previous average of 28,000.

Mr. Sian added: “All the hotels in the RWM complex have recovered their occupancy rates with the Remington Hotel and Maxims averaging around 95 per cent occupancy while the Marriott West Wing averages around the high 80s.”

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