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Read an article from TheEdge published on September 10, 2010, and take note of the following points:

  • Opened in Aug 2009, Resorts World Manila is a 50:50 joint venture between Genting Hong Kong and Alliance Global and is only 55% completed.
  • Home to five-star Marriott Hotel Manila and the 172-suite Maxims Hotel, RWM is a five-minute drive away from the soon-to-be-open Ninoy Aquino International Airport’s Terminal 3.
  • Another Remington Hotel is targeted to open in the first quarter of 2011. Upon completion, the total number of hotel rooms in RWM is expected to hit 1,300. A retail mall was completed in June and is likely to be operational by the end of the year.
  • When completed, RWM will also have three levels of casino space. To date, only 200 tables and 1,200 slot machines are operational. By the end of the year, 300 tables and 1,300 slot machines should be up and running. Eventually, RWM will have 2,000 tables and 7,000 slot machines.
  • Superstar Virgo, the cruise ship based in Singapore, is attracting passengers with new destinations. The Superstar Libra is also packed. NCL’s numbers was further helped by stronger ticket pricing and booking trends. Its occupancy rates were said to have inched closer to record levels. The cruise business’s Taiwan routes have turned a profit of US$3-4 million from a loss of US$5 million a year ago.


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