Newport World Resorts (NWR) has reported a significant uptick in its financial performance in the first quarter of 2025. The operator of Manila’s NWR achieved an impressive 42% increase in its Adjusted EBITDA, with gross gaming revenue also on the rise, contrasting sharply with broader challenges faced by the gaming sector in Manila.
Key Points
- Adjusted EBITDA rose to Php2.1 billion (US$37.7 million), a 42% year-on-year increase.
- Gross gaming revenue increased by 6% year-on-year to Php7.9 billion (US$142 million), driven by a recovery in the VIP segment.
- Promotional allowances decreased by 3% to Php2.1 billion due to fewer gaming points and revenue sharing adjustments.
- Non-gaming revenue also grew to Php1.8 billion (US$32.3 million), benefiting from boosted tourism and hotel occupancy rates.
- Occupancy rates of NWR hotels improved significantly, reaching between 85% and 95% compared to last year’s 75% to 90%.
- Parent company Alliance Global Group reported a 9% rise in overall revenues to Php55.3 billion (US$994 million).
Why should I read this?
If you’re keeping an eye on the gaming industry, this article does not disappoint! Newport World Resorts is bucking the downward trend in Manila with staggering revenue growth and solid profit improvements. This is vital reading for anyone curious about how companies are navigating tough market conditions or looking for signs of resilience and growth in the gaming sector.
