Travellers International Hotel Group Inc., Andrew Tan’s gaming and hotel arm, on Wednesday announced that it has rebranded Resorts World Manila in Pasay into Newport World Resorts.
“The name change reflects a shift in perspective for the brand to present itself as the most innovative, dynamic, and comprehensive casino, hotels, and entertainment complex in the country,” the company said in a statement.
“Newport World Resorts (NWR) is reinventing the brand to bring together its pioneering integrated resorts and the best of its community within the sprawling Newport City complex.”
Genting Hong Kong Ltd., Travellers’ partner in the integrated resort and casino, has filed for bankruptcy in January and is selling its ships to pay off its debt.
Genting Hong Kong is still the partner of Travellers in the operation of the facility.
The first integrated resort and casino in the Philippines established in 2009, Newport World Resorts sits right across Ninoy Aquino International Airport Terminal 3. It started out with a number of hotels including the all-suite Maxims Hotel, a shopping mall, four high-end cinemas and a multi-purpose performing arts theater.
The facility, which was part of the Villamor Airbase property, now boasts of the highest hotel room key count in a single property with five international hotel brands, including Marriott Hotel Manila, Sheraton Manila Hotel, Hotel Okura Manila, Hilton Hotel Manila and Holiday Inn Express Manila Newport City.
In March, Tan’s holding firm Alliance Global Group Inc. (AGI) said it infused some P7.8 billion into Travellers, which will be made through an increase in the paid-up capital, the company said in its disclosure.
“The infusion of fresh capital to augment the working capital of Travellers will afford AGI’s entertainment and hotel business the opportunity to keep current with its obligations and catch the window of business recovery with the easing of Covid-19 restrictions,” AGI said.
Travellers delisted from the Philippine Stock Exchange in 2019.
Image credits: Contributed photo