Alliance Global Group, Inc. (AGI), one of the Philippines’ top conglomerates, declared a cash dividend of PHP 0.10 per share for its common stockholders. The company scheduled the payout for January 24, 2025, and set the record date for December 27, 2024.
At the same time, AGI continues to expand its footprint in the entertainment and hospitality sector. As the parent company of Travellers International Hotel Group—the operator of Newport World Resorts—AGI has made bold moves this year to widen its influence beyond Metro Manila.
Earlier in 2024, AGI unveiled its plan to develop its first casino outside the capital, choosing Boracay’s Newcoast township as the site. This new project, led by AGI subsidiary Boracay Newcoast Resorts, Inc. (BNRI), will feature a boutique-style casino specifically designed for the island’s laid-back, intimate atmosphere.
Unlike the large-scale Newport World Resorts complex in Manila, the Boracay casino will adopt a smaller, more curated approach. Even so, AGI has committed a substantial $300 million investment to the project. Moreover, the company already secured a provisional license from the Philippine Amusement and Gaming Corporation (PAGCOR), ensuring the development complies with regulatory standards.
Strategically, AGI plans to capitalize on Boracay’s strong tourism appeal. The island consistently ranks among the Philippines’ top travel destinations, and AGI intends to offer a gaming experience that blends seamlessly with Boracay’s natural charm. By merging luxury hospitality with vibrant entertainment, AGI aims to deliver a destination that enhances—not disrupts—the island’s character.
This expansion highlights AGI’s commitment to diversification. While strengthening its presence in Metro Manila through Newport World Resorts, the company also pursues growth in emerging leisure hubs. Through this two-pronged strategy, AGI positions itself as a key player in shaping the future of integrated resort development across the Philippines.
