Alliance Global Group Has Declared a Cash Dividend Set for Distribution in January 2025

Alliance Global Group, Inc. (AGI), one of the Philippines’ leading conglomerates, has announced a cash dividend of Php0.10 per share for its common stockholders. This payout is scheduled for January 24, 2025, with the record date set for December 27, 2024.

AGI, the parent company of Travelers International Hotel Group—the operator of Newport World Resorts—continues to strengthen its presence in the entertainment and hospitality industry. Earlier this year, the group revealed its ambitious plan to establish its first casino outside Metro Manila, located in Boracay’s Newcoast township.

This upcoming development, led by AGI’s subsidiary Boracay Newcoast Resorts, Inc. (BNRI), will introduce a boutique-style casino tailored to the island’s intimate setting. While more modest in scale than the flagship Newport World Resorts in Manila, the Boracay project represents a significant investment of $300 million, supported by a provisional license from the Philippine Amusement and Gaming Corporation (PAGCOR).

Positioned to leverage Boracay’s booming tourism appeal, the casino aims to offer a distinctive gaming experience that aligns with the island’s renowned natural charm. The venture underscores AGI’s commitment to diversifying its portfolio, merging luxury and entertainment in one of the country’s most sought-after travel destinations.

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