🏨 AGI takes full control of Newport World Resorts

Alliance Global Group has completed the buyout of Genting Hong Kong’s joint venture stake in Newport World Resorts, giving the Philippines conglomerate full ownership of the Manila integrated resort. The deal closes three years after the original agreement was signed, according to IAG News. 📍🤝 Why it matters: full control can speed up decision-making on strategy, investment and product development at one of Manila’s key gaming and hospitality hubs. For the wider industry, it signals how ownership clarity can strengthen long-term positioning in competitive Asian markets. 🎰📈