Philippines: AGI certain next year will bring significant growth to gaming and tourism operations

Posted: Dec 14, 2022 13:01 Category: Asia , Casino , Payments , Posted by Maria Debrincat

AGI is the biggest hotel operator in the Philippines

Alliance Global Group Inc. (AGI) is certain that next year will bring significant growth for its gaming and tourism operations.

This is due to China’s anticipated reopening, which would spark a massive wave of retaliation spending.

Kevin AdrewAGI Vice Chairman and CEO Kevin Tan noted that, “China is now starting to open up. Hong Kong is always the starting point. That gives you a signal of where China is going. And, I think, when that happens, the Philippines with its very prime location, we can expect we’re really in the right place to accept that second wave of better revenge spending and travel from the Chinese tourists.

He explained that, China“is always the largest source market for quite a number of ASEAN countries. China has a very strong market and, next year, we will be able to see that.”

AGI is the largest hotel operator in the nation. Through Travellers International Hotel Group Inc., AGI manages a casino and a number of hotels.

He stated in an interview that the company is now capitalising on the expansion of consumer spending in the gaming and travel industries.

Tan asserted that they have already surpassed their pre-pandemic GGR (gross gaming revenues) by a significant margin and that next year would be highly successful. AGI anticipates what they refer to as the second wave of the Chinese market’s pent-up demand.

Related Posts

Behind the scenes of a…

With a team of exceptional professionals and an innovative, out-of-the-box mentality, Pablo Fernandez Veiga and Ruben Arias Jimenez from Surferpenguin…

PAGCOR to implement new technical…

Philippine gaming regulator PAGCOR has announced that it will be implementing new Technical Standards for electronic gaming machines (EGMs) starting…