Shares of Resorts World operator Travellers Int'l plunge 8.82% after shooting incident

Shares of Travellers International Hotel Group Inc., the developer and operator of Resorts World Manila, plunged by nearly 9 percent Friday following the tragic incident at the casino-hotel complex in Pasay City.

Travellers International closed at P3.10 per share, down P0.30 or 8.82 percent from P3.40 on Thursday. It opened at P3.30 per share.

“RWM has been hit hard as investors are concerned that attack in Resorts World will curtail visits to the hotel and casino resort and similar complexes,” Regina Capital Development Corp. business development head Luis Limlingan told GMA News Online.

“Though, the police have ruled this is an isolated incident and no relation to any terrorist attack, many are selling because of the perceived loss of revenue due to the damages caused by the incident and the decline of foot traffic,” Limlingan noted.

A lone gunman burst into the casino-resort complex around midnight, shooting with an automatic weapon and setting on fire gaming tables. He shot at doorknobs and attempted to stead P113 million of casino chips. He was wounded in a shootout with security guards, prompting him to hide in a hotel room where e supposedly shot himself.

Philippine National Police Chief Director General Ronald dela Rosa said there was no indication that the incident at Resorts World Manila was a terror attack. — VDS, GMA News Online