Key Moments:
- Gross gaming revenue increased by 7% quarter-on-quarter in the third quarter of 2025
- Total gross revenue for the first nine months of 2025 reached PHP28.6 billion, down 4% year-on-year
- Non-gaming revenue held steady at PHP5.1 billion for the first nine months of 2025, compared with PHP5.4 billion in 2024
Quarterly Gaming Revenue Shows Signs of Recovery
Travellers International Hotel Group, which operates Newport World Resorts in Manila, reported a 7% quarter-on-quarter rise in gross gaming revenue (GGR) for the third quarter of 2025. Despite a continuous year-over-year decrease in total revenue, the company’s gaming segment demonstrated notable improvement over the previous quarter, indicating a rebound in casino activity.
Year-to-Date Revenue Performance
According to Alliance Global Group, parent company of Travellers International, gross revenue totaled PHP28.6 billion (US$484.6 million) for the first nine months of 2025. This marks a 4% decrease from PHP29.7 billion in the same period last year.
Gross gaming revenue within this period amounted to PHP23.5 billion, reflecting a 3.3% year-on-year drop. Compared to the second quarter of 2025, GGR rose by 7%, highlighting increased patronage on the casino floor at Newport World Resorts.
| Category | 9M 2025 | 9M 2024 | Change (%) |
|---|---|---|---|
| Gross Revenue | PHP28.6 billion | PHP29.7 billion | -4% |
| Gross Gaming Revenue | PHP23.5 billion | – | -3.3% (YoY) |
| Non-Gaming Revenue | PHP5.1 billion | PHP5.4 billion | – |
Non-Gaming Business Maintains Stability
Hotel, entertainment, and retail operations contributed PHP5.1 billion to revenue during the first nine months of 2025, compared to PHP5.4 billion in 2024. This modest decrease has been attributed by analysts to shifts in tourism spending behaviors following a robust recovery period in 2024.
Newport World Resorts leverages the synergies of an integrated resort, offering a combination of gaming, hospitality, and lifestyle experiences designed to appeal to both domestic and international visitors. The company continues to focus on diversification through its broad asset mix.
Future Prospects as the Market Heads Toward 2026
The gaming industry in the Philippines continues to be characterized by robust tourism and solid local demand. Industry analysts anticipate that the incremental quarterly improvements will extend into 2026, led by the return of premium players and a stabilizing regional economy.
Travellers International’s ongoing recovery mirrors this trend, with management reportedly maintaining its commitment to improved profitability, operational efficiency, and diversification of revenue sources amid growing competition among integrated resorts. As the market matures, the challenge for investors remains whether short-term gains can translate into sustained momentum for both gaming and non-gaming operations.
- Author
Daniel Williams
