Genting’s Resort World Manila earmarks $650M for expansion

Genting’s Philippines-based Resorts World Manila (RWM) is spending about $650 million to double its gaming and hotel capacity.

This is part of RWM’s preparation to face stiffer competition after it became the Philippines’ first privately-operated integrated gaming resort.

According to the report which quoted RWM COO Stephen Reily, RWM welcomes new competitors such as Bloomberry Resort Corp’s Solaire Resort and Casino (formerly known as Solaire Manila) and the upcoming City of Dreams Manila by the SM-Melco Crown partnership.

Reily said competition was beneficial for Philippine tourism and gaming industries. He said on an average day, some 18,000 patrons visited RWM but the number increased to between 32,000 and 34,000 during “busy days”.

RWM, which recently turned five, is located in Newport City, Manila. It was developed and is being operated by Travellers International Hotel Group Inc, a joint venture between Alliance Global Group Inc and Genting Hong Kong Ltd.