Resort World Manila Takes a Recovery Path
Resort World Manila appears to be trying to revive its gambling business after the shooting . This has tarnished the reputation of Resort World Manila, leaving the entertainment complex as a life support. Struggling to regain the trust of lost players, the Manila-based casino has announced plans to open a new gaming zone by the end of the year, six months ahead of its initial schedule.
The holding company Alliance Global Incorporated is working hard to stabilize after the deadly attack, and Resort World Manila is now trying to regain its reputation in the market to compensate for the time the casino suffered a sharp decline. What's interesting here is that the closure of the gambling area of Resort World Manila has cost the company about $1.2 million a day.
At the company's annual general meeting , Alliance Global President Kingson Sian explained that the damaged casino area will be converted into part of the complex shopping mall. He acknowledged that this would result in specific losses for the company, which is why it is important for the company to accelerate the completion of the new game zone. According to Sian, 12,000 square meters will be added to the casino floor, with 650 gambling tables and 4,000 slot machines.
Resort World Manila resumes business
Mr. Sian objected to any belief that the assault left a permanent mark on Resort World Manila. He pointed out that many players have already returned because the casino registers about 26,000 visitors a day, compared to 28,000 before the casino storm. The Alliance Global subsidiary Travelers International Hotel Group, which owns and operates Resort World Manila, reported a decrease in net profit by 312.09 million Ps in the second quarter of 2017. To return to business, the holding company announced a stock repurchase program aimed at increasing the company's value per share in the market. 바다이야기
Before starting the casino expansion plan, he reported that he had already been concerned about strengthening the security system because of allegations of security violations. Resort World Manila appears to be beginning to emerge from the crisis to restore customer confidence. Assuming that the company recovers at the same rapid pace, it might outperform its previous success.