Alliance Global completes acquisition of Genting Hong Kong’s remaining Newport World Resorts interests
Alliance Global Group completed its acquisition of Genting Hong Kong’s remaining interests in Newport World Resorts and related companies, ending their joint venture that began in 2009. The shares transferred to Newport World Resorts Philippines Inc. on 15 July after the transaction’s conditions were fulfilled; the financial terms were not disclosed.
The completed transfer gives Alliance Global ownership of the remaining interests in the Philippine gaming and resort businesses.