Newport World Resorts in the Philippines to Add New High-End Gambling Hotel
Alliance Global Group Inc. (AGI) has announced it will invest approximately PHP5 billion (US$87.2 million, in expansion initiatives over the coming year through its gaming and leisure arm, Travellers International Hotel Group. Central to the Philippine conglomerate's expansion is the introduction of a new high-end hospitality development within the Newport World Resorts (NWR) complex, further reinforcing AGI's presence in the Philippine integrated resort sector.
LISTEN TO THIS ARTICLE:The upcoming property, The Narra Palm Hotel and Villa, is positioned as a luxury destination designed to showcase Filipino elegance and hospitality. Unveiled during AGI's Annual Stockholders' Meeting, the new hotel will feature 157 upscale hotel suites and villas, with a particular emphasis on catering to the high-end gaming market. Among its key offerings are exclusive gaming suites designated for VIP clientele, intended to deliver personalized experiences within a premium environment that reflects traditional Filipino warmth and service excellence.
Related: Philippines to Replace Singapore as Second-Largest Casino Market: PAGCOR BossThis development is part of a broader investment strategy by AGI to expand its leisure and hospitality footprint across the Philippines. In addition to the Narra Palm project, a portion of the PHP5 billion investment will be directed toward previously disclosed projects in Boracay and Cebu.
These projects aim to enhance AGI's integrated resort capabilities in major tourism hubs outside Metro Manila. The company is also preparing to launch its Westside City development, located in the Entertainment City complex in Parañaque, which will add another large-scale integrated resort to AGI's growing portfolio.
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Philippine Growth a Target for AGI
AGI had earlier announced plans to commit $300 million to a casino resort in Boracay, representing its first major foray outside of the Newport World Resorts flagship property. The Boracay project is situated within Megaworld's 370-acre Boracay Newcoast township, signifying the conglomerate's confidence in the tourism recovery and its long-term commitment to the leisure and gaming sector in the Philippines.
Alongside the targeted investments in its gaming and hospitality businesses, AGI has also confirmed a broader capital expenditure program amounting to PHP59 billion (US$1.03 billion), across all of its business units over the next year. Of this, PHP50 billion (US$872 million) has been allocated specifically for development projects under Megaworld Corporation, AGI's real estate subsidiary.
AGI President and CEO Kevin Tan stated that the company sees significant growth opportunities both locally and internationally, especially within the consumer, real estate, leisure, and tourism sectors. He emphasized that AGI's capital expenditures will continue to support initiatives that expand its market presence while enhancing its operational strength across various industries.
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