Travellers International bleeds $95.41M after Resorts World Manila attack

Philippine-listed casino operator Travellers International Hotel Group Inc. continues to bear brunt of last Friday’s casino rampage, bleeding an estimated $95.41 million in market capitalization over the past two trading days.

Data from the Philippine Stock Exchange shows that the casino operator’s market capitalization plunged 8.8 percent to $ 986.07 million from P53.569 billion (US$1.08 billion) as a result of Friday’s aftermath, that left 37 people, including the armed man, dead.

From $0.07 on Thursday, shares of Travellers is now down to $0.06.

“It’s because of what happened to Resorts World last Friday, past 12 midnight,” Aniceto K. Pangan, equities trader at Diversified Securities Inc. told GMA News Online.