Net income fell 80% during first half of 2017

Casino attack drags down Resort World Manila profit

Travellers International Hotel Group, Inc., operator of Resorts World Manila, said its financial report was affected by the closure of the gaming facility for 27 days following the June shooting incident.
2017-08-15
Reading time 40 seg
Travellers International Hotel Group, Inc., operator of Resorts World Manila, said its financial report was affected by the closure of the gaming facility for 27 days following the June shooting incident.

“We must be dynamic and aggressive to make sure that RWM is ready for increased competition and the expanding market,” Travellers President and Chief Executive Officer Kingson Sian told the local bourse on Monday.

“RWM remains committed in implementing necessary enhancements that ensure the safety, security and enjoyment of our customers and guests,” a report published by the Manila Times quoted.

Travellers International Hotel Group, Inc., operator of Resorts World Manila, said net income for the first half of the year fell 80 percent from a year ago as earnings were affected by the closure of the casino for 27 days following the June 2 attack on the facility, which left dozens dead and injured.

The area of the second floor affected by the June 2 incident will be converted into a retail zone, according to the company.

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