Betting in Resorts World Manila for Fun and Investing in AGI for Serious Returns
August 2, 2010
We paid Resorts World Manila in Newport City a visit. The five-star Marriott and six-star Maxims hotels, the casino and Republiq bar and club are all ingeniously interconnected to bring traffic of guests to one another.
Way to Casino from Marriott
Casino at the end. Photos of casino are not allowed.
In the middle of the week on a Wednesday afternoon, we observed the casino as almost half-full with players. It is more hip than the casinos in the city of Manila near the bay. Resorts World is spacious, well-lighted and there is a live band performing in the stage in the middle of the casino. Most of the slot machines and some of the tables are digital. This gives a faster burn of bets for the casino. Yes, the casino always wins. Casinos only give players a 30% pay-out rate.
Republiq Bar and Club
In 2011, the three-star 1,000-room Remington and the four-star 540-room Hamilton hotels will open. This will give Resorts World Manila a complete offering of rooms to all market segments in the metro.
Future site of 1,000-seat Theater (Under Construction)
AGI is a bargain stock trading below its estimated liquidation value of PHP6.44 per share. At PHP5.75 per share last Friday, the stock offers at least a 12% upside before appreciating to its NAV per share of PHP10.03. Betting in a casino in the long run makes you win PHP300 out of every PHP1,000 you bet. Buy AGI instead. ‘Better to invest than to place your bets.
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