New Genting casino resort on the wayWednesday, Sep 6, 2017 14:59
2020 looks set to be a big year for Genting
Genting Hong Kong Ltd have announced that they will be opening new casino resort property in Manila. The eagerly awaited resort will see Genting working alongside Travellers International Hotel Group Inc. Genting already have a successful casino resort in Manilla, after the Resorts World Manila casino resort. This new venture will be Genting’s second major resort in the city. Both Genting and Travellers will know each other well as this new project will be their second joint venture as the two companies are in partnership already with the already established successful Genting casino resort in the city.
New casino should open its doors in 2020
Genting fans will have to wait a few years before seeing the spectacular new casino resort open their doors for the first time. Genting have set an opening target of 2020 and fans will be eagerly anticipating the opening day launch. The Westside City Resorts World will form part of the incredible Entertainment City in downtown Manila and will include up to four resort properties with hotels and casino tables. The entertainment city in Manila already includes some spectacular gaming resorts such as the Solaire Resort & Casino and the City of Dreams Manila. The newly opened Okada Manila will also pose as competition for Genting who will be excited to see their new resort open its doors.
The Genting Westside City Resorts World will have everything that a casino fan could ask for with multiple gaming floors with a host of table game offerings and much more. The resort will also include bars, restaurants, nightclubs and entertainment venues so there will be something that everyone can enjoy. The resorts will certainly be huge as it will cover a total of 76 acres, and the project will include 1500 hotel rooms. This doubles the current potential occupancy in Manila and the project looks set to cost a total of $1.1 billion.
Genting are delighted to have some great news
Genting are delighted to be in a position to announce this expansion news. This positive development will lift the spirits of Genting management who have had a difficult year. Genting recorded losses for the first half of the year with a net loss of $202.2 million overall. This is mainly down to the fact that the Genting Resorts World in Manila had to close for a significant amount of time earlier in the year. Following a serious tragedy, the Genting resort had closed for a few months. Gaming operations have now resumed at the casino venue as the resort makes a steady recovery.
Along with the new resort on the way, Genting have been busy investing in other projects. Genting have been spending money on casino cruise ships and casino properties as Genting look to continue to expand. The new resort will be a major gaming development and fans are already waiting for 2020 to arrive!