RWM Statement on License Suspension

Pasay—(PHStocks)—Travellers International Hotel Group Inc. (PSE: RWM), doing business under Resorts World Manila, has announced that on June 9, 2017, the Philippine Amusement and Gaming Corp. (PAGCOR) issued an order suspending the Provisional License of the company to operate casinos and other gaming facilities pending the investigation and final determination by PAGCOR of the company’s alleged liability for the June 2, 2017 robbery/arson incident.

The company confirms that it is fully committed to abide by the said order, and shall fully cooperate with the authorities on all investigations relevant to the incident.

The company assures its stakeholders that all efforts shall be exerted to preserve and defend the company’s Provisional License.

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