CLAIMS TO FAME
- Succeeded father Andrew in taking over family business in 2018
The son of Alliance Global Group (AGI) Chairman Andrew Tan, Kevin Tan stepped into the CEO role of the Philippines conglomerate in 2018 as part of the family succession plan.
Alliance Global Group is the majority stakeholder of Travellers International Hotel Group, which owns and operates Newport World Resorts and is developing its second integrated resort project, Westside City, in the heart of Manila’s Entertainment City precinct.
When he was first appointed CEO, AGI said Kevin’s role was to spearhead the company’s strategic direction, financial operations as well as investments and acquisitions. He has certainly done that, with the company having unveiled a series of ambitious initiatives in recent years, including comments earlier this year that it would like to expand its casino interests outside of Metro Manila.
AGI is also part of a consortium of six business groups to have submitted an unsolicited Php267 billion (US$4.8 billion) proposal in June to redevelop and upgrade Manila’s Ninoy Aquino International Airport, with a view to more than doubling its capacity.
In the meantime, Travellers this year acquired full control in Newport World Resorts from its former partner, Genting Hong Kong, and at a time when the Philippines gaming industry is soaring to record revenue levels.
Gaming aside, AGI’s interests include real estate giant MegaWorld Corp and beverage production firm Emperador Inc, while it is also the master franchise holder of McDonald’s in the Philippines via its subsidiary Golden Arches Development Corporation.
For the full list of 2023 Asian Gaming Power 50 winners, click here.
