May 01, 2014

PAGCOR approves increase in RWM gaming capacity

In a disclosure to the exchange, Traveller’s International (RWM) has announced that PAGCOR has approved an increase in its allowable gaming capacity for its Resorts World manila Property brought about by the increase in the number of its hotel rooms. The new approval increases its gaming capacity to 420 gaming tables and 4,148 gaming machines.

 Our take: As of year-end 2013, the company had 287 gaming tables broken down into 119 VIP tables and 168 mass tables and 2032 gaming machines broken down into 1,822 slot machines and 210 electronic table games.  The new approved capacity is a 50% increase over its current tables and double its current gaming machines.

This comes timely as the company introduces a new area to a new market they call premium mass. The premium mass market was created in order to better target the frequent mass market players to ensure loyalty to RWM.– WealthSec