Hubbry Logo
Alliance GlobalAlliance GlobalMain
Open search
Alliance Global
Community hub
Alliance Global
logo
7 pages, 0 posts
0 subscribers
Be the first to start a discussion here.
Be the first to start a discussion here.
Alliance Global
Alliance Global
Alliance Global
View on Wikipedia
from Wikipedia

Alliance Global, Inc. (AGI), styled on its logo as AllianceGlobal and also known as Alliance Global Group, is a Philippine conglomerate founded in 1993, it is a large holding company with business activities spanning the food and beverage industry (including both production and restaurant operations), gambling, and real estate development.

Key Information

It is one of the largest conglomerates in the Philippines, and is managed by the family of its chairman and CEO Andrew Lim Tan.[1] In 2017, the company moved its headquarters to Uptown Bonifacio, Taguig in the Manila metropolitan area (the National Capital Region of the Philippines).[2]

On June 1, 2024, AGI announced the appointment of Kevin Andrew Tan, as president and chief operations officer of AGI, replacing Kingson Sian.[3]

Subsidiaries

[edit]

Alliance Global Group is composed of several companies, including:[4]

Food & Beverage

[edit]
  • Emperador Inc. – the company's beverage production arm best known for its Emperador brandy, which became the world's best-selling brandy (by volume) in 2006.[5][6][7] In 2014, Emperador Inc. purchased the Scottish whisky company Whyte and Mackay from India-based United Spirits Ltd for £430m.[8] In 2015, Emperador Inc. made a deal with Beam Suntory for the purchase of several brands and production facilities for P13.8 billion (275 million euros).[9][10] The deal with Beam Suntory included the purchase of Fundador from its owner, descendants of Pedro Domecq, and Bodegas Fundador (Spain's largest and oldest brandy dating to 1730 with facilities in Jerez and Tomelloso), Terry Centenario (Spain's top-selling brandy), Tres Cepas (Equatorial Guinea's top brandy brand), and Harveys (the UK's top brand of sherry).[10]
  • The Bar Vodka

Real Estate

[edit]

Hospitality

[edit]
  • Golden Arches Development Corp – 49% ownership
  • Travellers International Hotel Group, Inc. - is the developer of Resorts World Manila and operates a gaming facility with hotel, retail, dining, leisure and entertainment attractions.

Infrastructure

[edit]
  • Infracorp Development Inc. - the infrastructure company of the Alliance Global Group Inc.

Others

[edit]
  • Agile Digital Ventures
  • Global Estate Resorts Inc.
  • Alliance Global Solution[12]
    • Pickaroo - Online Delivery App.
  • Newport World Resorts - along with the Genting Group
  • Since 2022: Total Airport Services (TAS), passenger and cargo handling specialist[13]
[edit]

In April 2024, the Philippine Stock Exchange imposed fines on AGI for violations of Sections 17.6 and 17.13 of Article VII, 2023 Consolidated Listing and Disclosure Rules (failing to regularly report on shareholder information).[14][15]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Alliance Global

View on Grokipedia
from Grokipedia
Alliance Global Group, Inc. (AGI) is a leading conglomerate in the , primarily engaged in , tourism-entertainment and gaming, food and beverage, and quick-service restaurants. Founded on October 12, 1993, by Andrew L. Tan, the company began operations in 1994 as a glass container manufacturer before diversifying into its current core sectors. Headquartered in , AGI is listed on the and focuses on serving the growing middle class through innovative and sustainable business practices aligned with the . AGI's growth has been driven by strategic acquisitions and expansions, evolving from its initial manufacturing roots into a diversified investment . As of 2025, under the leadership of President and CEO Kevin Andrew L. Tan, the son of the founder, the conglomerate has emphasized , transparency, and social impact, with accessible financial reports and a commitment to ethical operations. Key milestones include the development of integrated communities and the establishment of major brands in and consumer goods, positioning AGI as a major conglomerate in the . The company's operations are conducted through prominent subsidiaries and affiliates, including Megaworld Corporation for real estate, Emperador Inc. for distilled spirits and beverages, Travellers International for tourism and gaming at , and Development Corporation for . Other notable entities encompass Global-Estate Resorts for international property development, Whyte & Mackay for global whisky production, and digital platforms like Pickaroo for e-commerce. This portfolio enables AGI to generate revenue across domestic and international markets, with a strong emphasis on integrated resorts and consumer-oriented services.

History

Founding and early development

Alliance Global Group, Inc. (AGI) was incorporated on October 12, 1993, in , , by Andrew L. Tan, a Chinese-Filipino entrepreneur known for his rags-to-riches journey from humble beginnings selling goods on streets to building a major business empire. Tan, who had already established himself in , envisioned AGI as the foundation for a diversified conglomerate model that would span multiple sectors, starting with strategic investments in property and manufacturing. The company began operations in 1994 primarily as a glass container manufacturer following the acquisition of a production plant in , Laguna. AGI's early focus shifted toward as a core area, leveraging Tan's prior experience through subsidiaries and affiliates. A key component was Megaworld Corporation, founded by Tan in 1989 and incorporated on August 24 of that year to develop affordable housing and commercial properties targeting the middle-class market in the . By the mid-1990s, Megaworld had begun establishing its presence with initial projects in , emphasizing innovative urban developments like office condominiums. AGI supported this growth by acquiring a significant stake in Megaworld through its wholly-owned New Town Land Partners, Inc., positioning as a foundational pillar despite the company's initial manufacturing roots. The company's early expansion involved aggressive land banking in to secure sites for future developments, enabling Megaworld to launch pioneering projects such as in , the ' first integrated cyberpark combining residential, commercial, and office spaces. This strategy laid the groundwork for sustainable growth amid the Asian . In 1999, following approval from the Securities and Exchange Commission to operate as an investment , AGI went public on the on April 19, debuting with 88 million shares at 1.27 each under the ticker symbol AGI, which provided capital for further diversification.

Expansion and diversification

Alliance Global Group's expansion from the mid-2000s onward transformed it from a primarily real estate-focused entity into a diversified conglomerate spanning multiple sectors. In 2006, the company solidified its entry into the food and beverage industry through its Emperador Distillers Inc., which became the world's largest brandy producer by volume, surpassing competitors with annual sales exceeding 20 million cases. This milestone leveraged local market dominance in the while laying the groundwork for global ambitions in distilled spirits. The late 2000s marked further strategic shifts into and entertainment. In 2008, Alliance Global partnered with Malaysia's to enter the integrated resorts sector, culminating in the 2009 launch of Resorts World Manila—the ' first major integrated resort featuring gaming, hospitality, and retail facilities. This , where Alliance Global held a 60% stake, not only diversified revenue streams but also positioned the company in the burgeoning entertainment market, with the resort becoming a key driver of non-real estate growth. By the early , this partnership expanded to additional estates beyond , including developments in , , and regions. Real estate remained a cornerstone, with subsidiary Megaworld Corporation accelerating township developments and international outreach during the 2010s. Megaworld pioneered large-scale, mixed-use townships like the 50-hectare McKinley Hill in , integrating residential, commercial, and leisure spaces, while expanding into overseas markets to serve Filipino expatriates—establishing sales offices and marketing campaigns in to tap into demand for Philippine properties. These efforts boosted reservation sales and reinforced Megaworld's leadership in sustainable . Pivotal acquisitions further propelled diversification: in 2014, Emperador acquired Scotland's Whyte & Mackay, the fifth-largest producer, for £430 million ($726 million), gaining access to premium international brands and production facilities. This was followed in 2015 by the P13.8 billion (€275 million) purchase of Spain's Fundador Pedro Domecq brands from Beam Suntory, including and brandy lines, which elevated Emperador to the world's top brandy company by production capacity. In , subsidiary Megaworld Corporation relocated its headquarters to the 30-storey Alliance Global Tower within Bonifacio township in City. This LEED-certified centralized administrative functions for the group's subsidiaries, housing over 3,500 employees and symbolizing the conglomerate's commitment to modern, integrated corporate infrastructure. These moves collectively built Alliance Global's resilient, multi-sector structure, emphasizing global reach and strategic partnerships.

Recent milestones

The severely disrupted Alliance Global Group's tourism and entertainment segments, particularly through the closure of integrated resorts like Manila, leading to significant revenue declines in gaming and operations during 2020. In response, the company implemented a five-point recovery strategy that emphasized , enabling pivots such as the enhancement of platforms and electronic gaming options to sustain amid lockdowns. By 2021-2022, these efforts contributed to a gradual rebound as government-mandated re-openings allowed physical operations to resume, with gross gaming revenue at subsidiaries like showing strong recovery, reaching PHP31.8 billion in 2022, up 90% from 2021 but approaching pre-pandemic levels by 2023 through a combination of in-person and digital channels. Alliance Global accelerated its digital initiatives by establishing Agile Digital Ventures in 2020 as a dedicated arm for technology investments, with a key focus on the Pickaroo app for on-demand food and grocery delivery, which expanded its features including AI-driven recommendations by 2023 to broaden market reach. In May 2023, AGI acquired the remaining 40% stake in Travellers International from , gaining full ownership of . On June 1, 2024, the company underwent a significant leadership transition when Kevin Andrew L. Tan was appointed as President and Chief Operating Officer, succeeding Kingson U. Sian who retired after over two decades in executive roles; Tan, already CEO since 2018, assumed these additional responsibilities to streamline operations across the conglomerate. In the first half of 2025, Alliance Global reported a 39% surge in to ₱19.2 billion, attributed to robust recovery in reservations and tourism-driven revenues, alongside steady contributions from beverage and quick-service segments amid a resilient domestic ; for the first nine months of 2025, rose 24% to ₱24.8 billion as of November 2025.

Business segments

Real estate

Megaworld Corporation serves as the flagship subsidiary of Alliance Global Group, Inc. (AGI), with AGI holding approximately 51% ownership and specializing in the development of integrated townships and office spaces since its founding in 1995. As the leading real estate developer in the , Megaworld pioneered the "live-work-play" concept through large-scale, mixed-use developments that combine residential, commercial, office, and leisure facilities to foster self-contained communities. This strategy positions Megaworld as the country's top office landlord and a dominant player in the BPO sector, with its portfolio emphasizing sustainable urban growth and accessibility for middle-income buyers. The company's project portfolio includes landmark integrated townships such as , launched in 1999 as the Philippines' first IT-Cyberpark and birthplace of the BPO industry, spanning 18.5 hectares in with residential, office, and retail components. Another key development is McKinley Hill, Megaworld's largest township in at 50 hectares in , featuring European-inspired architecture, luxury residences, and entertainment venues like the World Trade Center and racetrack. These projects exemplify Megaworld's focus on middle-income housing, with over 36 townships developed across more than 7,000 hectares nationwide, catering to affordable yet quality living options through units, townhouses, and subdivision lots. The real estate segment, driven by Megaworld, contributes approximately 40% to AGI's overall revenue, underscoring its pivotal role in the conglomerate's portfolio. Since 2012, Megaworld has pursued international expansions, establishing a presence in markets like through exploratory ventures and in the UAE via marketing offices and award-winning recognitions to attract overseas Filipino investors. These efforts enhance Megaworld's global outreach while maintaining a core emphasis on domestic growth. In terms of , post-2020 initiatives have integrated green-certified buildings, with several properties achieving Gold and Silver certifications, such as One Paseo and Alliance Global Tower. The company has also transitioned key developments—including , McKinley Hill, and Uptown Bonifacio—to 100% renewable energy sources, alongside promoting mixed-use designs that reduce carbon footprints through energy-efficient systems and expansive green spaces. These strategies align with broader goals of developing net-zero carbon projects and resilient communities by 2031.

Food and beverage

Alliance Global Group's food and beverage operations center on Emperador Inc., its majority-owned subsidiary holding approximately 74% of the company's shares as of September 2025. Emperador specializes in the manufacture and distribution of distilled spirits, with a primary focus on brandy and whisky. The subsidiary entered the sector as part of Alliance Global's diversification in the 2000s. Emperador Inc. is best known for Emperador Brandy, the world's top-selling brandy by volume since 2006, produced through a blend of imported neutral spirits and local aging processes. The brand dominates the Philippine market with nearly 98% share and extends its reach internationally via variants like Emperador Light and premium expressions. Complementing its brandy lineup, Emperador produces other spirits such as , a flavored vodka line targeted at younger consumers, alongside rum and gin offerings under the same brand. Strategic acquisitions have bolstered Emperador's global footprint and portfolio diversity. In 2014, the company acquired Whyte & Mackay Limited, a historic Scottish distiller, for £430 million, integrating prestigious single malt brands including The Dalmore, Jura, and Tamnavulin, as well as the grain distillery. This move marked Emperador's entry into the premium segment. The following year, in 2015, Emperador purchased Bodegas Fundador from Beam Suntory for €275 million, securing iconic Spanish brandy brands like Pedro Domecq, Fundador, and Tres Diamantes, along with sherry production capabilities. Production occurs across key facilities in the Philippines, Scotland, and Spain, enabling efficient scaling for both local and export markets. The Philippine operations, centered in Mandaluyong and Batangas, handle the bulk of brandy bottling with automated lines capable of high-volume output. Scottish sites, including the Dalmore and Fettercairn distilleries under Whyte & Mackay, focus on malt and grain whisky maturation, while the Jerez-based Fundador plant in Spain specializes in solera-aged brandies and sherries. Combined, these assets support annual sales volumes exceeding 20 million nine-liter cases for brandy alone, with total spirits production contributing to broader capacity. Emperador maintains market dominance in brandy, holding a leading global position through its scale and distribution network, with products exported to over 100 countries. Post-2020, the company has advanced a premiumization under its "CPI" framework—Contemporize, Premiumize, Internationalize—shifting focus toward higher-margin single malts, ultra-premium brandies, and luxury acquisitions to elevate brand perception and profitability amid evolving consumer preferences. This approach includes expanding premium whisky contributions and enhancing systems for Spanish brandies, driving sustained international growth.

Tourism, entertainment, and gaming

Alliance Global Group's , , and gaming segment encompasses integrated resorts, leisure estates, and developments operated through key subsidiaries, focusing on delivering comprehensive entertainment and leisure experiences. This segment plays a pivotal role in the company's diversification strategy, leveraging the ' growing industry to offer gaming, , and recreational facilities. A cornerstone of this segment is Travellers International Hotel Group, Inc. (TIHGI), which operates in City, . Established in 2009 as the ' first integrated resort, combines casino gaming, luxury hotels, retail outlets, dining options, and entertainment venues. The property features multiple gaming floors, including the Newport Grand Wing with over 500 gaming tables and 2,000 slot machines, alongside non-gaming amenities such as the 1,500-seat for concerts and productions, and more than 90 restaurants and bars. It also includes upscale hotels like the Marriott Hotel and the Belmont Hotel, providing over 2,700 room keys in total. In 2022, the resort underwent a from Resorts World Manila to to emphasize a refreshed focus on community and lifestyle integration. Complementing TIHGI's urban resort model, Global Estate Resorts, Inc. (GERI) develops expansive leisure estates that blend residential, commercial, and tourism elements in scenic locations. GERI's portfolio includes Boracay Newcoast, a 150-hectare integrated tourism estate on Boracay Island's eastern shore, featuring a private white-sand beach, an 18-hole golf course, boutique hotels, retail strips, and convention facilities like the 1,200-seat Boracay Newcoast Convention Center. Other notable projects encompass developments in Rizal province, such as Eastland Heights in Antipolo, which incorporates parks, leisure amenities, and residential communities to promote eco-tourism and outdoor recreation. These estates emphasize sustainable design, with features like electric shuttle services and green landscaping to enhance visitor experiences. Following the , the segment demonstrated robust recovery in 2023, driven by a rebound in domestic and . TIHGI reported total revenues of PHP 41.2 billion, with non-gaming revenues surging 32% to PHP 7.0 billion due to heightened hotel occupancy and MICE (meetings, incentives, conferences, and exhibitions) activities, while gaming revenues reached PHP 34.2 billion, 70% above pre-pandemic levels. Expansions in non-gaming amenities, such as the addition of the Whisky Library and The Grand Club at , along with urban farming initiatives for sustainable dining, bolstered visitor appeal and contributed approximately 30% to Alliance Global Group's overall s through tourism-driven growth. GERI similarly advanced post-pandemic enhancements, including eco-friendly transport at Newcoast, supporting a 14% revenue increase to PHP 8.3 billion. This recovery underscored the segment's resilience, attracting an average of 38,000 daily visitors to alone.

Quick-service restaurants

Alliance Global Group's involvement in the quick-service restaurant sector is primarily through its 49% ownership stake in Development Corporation (GADC), the exclusive master franchisee for in the since 1981. GADC operates more than 800 outlets nationwide as of mid-2025, providing convenient, affordable fast-food options to millions of customers across urban and provincial areas. This network includes a mix of company-owned and franchised locations, emphasizing accessibility in high-traffic zones like malls, standalone sites, and emerging townships. To cater to local preferences, GADC has adapted the menu with Filipino-inspired items, such as rice meals, , sweet-style , and breakfast options featuring longganisa sausage, which integrate staple grains and flavors into the core offerings. Delivery services are enhanced through integrations with platforms like Pickaroo, an AGI-affiliated app that enables rapid and supports broader digital ecosystem ties within the conglomerate. These adaptations have helped maintain in a market where accompanies many meals, boosting customer loyalty and operational efficiency. Post-2020, GADC has accelerated its expansion, opening approximately 65 new stores annually in recent years, with a focus on drive-thru facilities and digital ordering kiosks to meet evolving consumer demands for convenience and contactless service. This growth strategy includes investments of up to P5 billion in 2025 for over 65 additional outlets, prioritizing underserved regions and modern formats to sustain market penetration. As part of Alliance Global's diversified portfolio, GADC's operations generate steady cash flow via high-volume, low-margin transactions, leveraging the brand's global recognition and localized execution to ensure consistent performance amid economic fluctuations.

Infrastructure and other ventures

Alliance Global Group expanded into development with the establishment of Infracorp Development Inc. in , marking its entry into projects focused on solutions to enhance connectivity for its properties. Infracorp has pursued initiatives in mass , including an unsolicited proposal submitted in for the Skytrain monorail—a 2-kilometer elevated rail system designed to link in to Makati's , aiming to alleviate and support urban mobility. The subsidiary's efforts extend to broader , with allocations from the group's capital expenditures dedicated to such developments; in 2019, Alliance Global outlined a five-year capex plan of P410 billion, assigning approximately 3%—or around P12.3 billion total—to Infracorp's and related projects. In the aviation sector, Infracorp participated in the Manila International Airport Consortium (MIAC), formed in 2023 alongside conglomerates like , , and JG Summit, in partnership with U.S.-based . The submitted an unsolicited proposal for a multi-phased, over P100-billion masterplan to rehabilitate and modernize , including runway expansions, terminal upgrades, and improved air traffic systems to handle growing passenger volumes. However, the project was awarded to a San Miguel Corporation-led in February 2024. This involvement underscored Alliance Global's role in public-private partnerships for critical logistics and airport infrastructure, acquired as part of its diversification strategy in 2022. Beyond infrastructure, Alliance Global has pursued digital and emerging ventures through Agile Digital Ventures, launched by its real estate arm Megaworld in 2020 to drive investments in , , and platforms. A key component is the Pickaroo app, an on-demand delivery service enabling users to order groceries, food, medicines, and home essentials from over 1,800 brands across malls and retailers, rolled out amid the to bolster digital commerce. The group also holds minor stakes in healthcare and as part of its non-core portfolio, supporting long-term diversification. These initiatives, with cumulative investments in non-core areas reaching approximately ₱5 billion by 2025, position infrastructure and as pillars for sustainable growth outside traditional segments.

Corporate governance

Key leadership

Alliance Global Group, Inc. (AGI) is led by Andrew L. Tan, who founded the company in 1993 and has served as Chairman of the Board since its inception, guiding its overall strategic vision across diverse sectors. As of August 2025, Tan's is estimated at $1.65 billion, primarily derived from his stakes in AGI and its subsidiaries. Kevin L. Tan, Andrew Tan's son, assumed the roles of Vice Chairman, , and President in 2024, building on his prior appointment as CEO in 2018 to drive operational efficiency and initiatives. Under his , AGI has advanced digital strategies to enhance business resilience and growth, including a multi-year program focused on innovation across , , and food sectors. His 2024 elevation to President marked a key succession step amid the company's ongoing expansion. The comprises 11 members, including independent directors to ensure balanced oversight, with a strong emphasis on family control as the Tan family holds approximately 45% of voting shares through direct and indirect ownership. Key board figures include Katherine L. Tan as Treasurer and Director, alongside independent members such as Enrique M. Soriano III and Jesli A. Lapus. Andrew L. Tan's tenure has been pivotal in AGI's diversification from its original manufacturing roots into , and beverage, , and , establishing a robust portfolio that mitigated impacts through international operations. Since 2024, Kevin L. Tan has spearheaded initiatives in —via the SustainAGIlity program—and strategic expansions in and property developments to foster long-term growth and community impact.

Ownership structure

Alliance Global Group, Inc. (AGI) has been listed on the (PSE) under the AGI since February 1999, making it a publicly traded conglomerate accessible to a broad base of investors. As of mid-November 2025, AGI's is approximately ₱63 billion, reflecting its position as a mid-cap entity within the . Control of AGI is firmly held by the Tan family through a network of holding companies that collectively own the majority of voting shares. The Andresons Group, Inc., a Tan family-controlled entity, holds 16.15% ownership as of July 2025. Other significant Tan family-linked holdings include Yorkshire Holdings, Inc., at 23.47%. Institutional investors account for about 9% of the shares, while the remaining , comprising individual and other non-affiliated holders, constitutes approximately 29% as of July 2025, ensuring compliance with PSE minimum public ownership requirements. This structure underscores the family's dominant influence on strategic decisions while maintaining transparency through regular disclosures. AGI exercises control over its subsidiaries primarily through majority equity stakes, enabling consolidated oversight of its diversified operations. The company holds 51% of Megaworld Corporation, its flagship real estate arm; approximately 80% of Emperador Inc., the world's largest brandy producer, as of October 2025; and majority interests in entities like Sonoma Holdings Corp. (60%) for projects. In and quick-service restaurants, AGI maintains a 49% stake in Golden Arches Development Corporation (GADC), a with Corporation that was deconsolidated in March 2025 and reclassified as an associate, alongside 93% ownership of Travellers International Hotel Group Inc. These ownership arrangements facilitate strategic alignment across business segments while allowing for collaborative ventures where appropriate. In terms of governance, AGI adheres to PSE and Securities and Exchange Commission (SEC) regulations, including those on board diversity and measures, as formalized in its revised Manual on effective from 2018. The board comprises a mix of executive and independent directors, with policies promoting diversity (at least one female director since 2020) and robust anti-bribery protocols aligned with international standards like the Scorecard. Annual compliance reports affirm AGI's commitment to ethical practices, with no material violations noted in recent audits.

Financial performance

Historical overview

Alliance Global Group, Inc. (AGI) demonstrated robust financial expansion from its formative years through , transitioning from a modest base to a major conglomerate. By , these metrics had surged to ₱180 billion in revenue and ₱27.1 billion in , underscoring a sustained growth trajectory fueled by strategic investments across diverse sectors. This period of growth was propelled by pivotal drivers within AGI's portfolio. The real estate segment experienced a significant boom in the , averaging approximately 35% of total revenue through high-demand property developments that capitalized on the ' economic upswing. Complementing this, the food and beverage division saw accelerated expansion via beverage exports following key acquisitions, which enhanced global market penetration and diversified income streams beyond domestic sales. AGI adeptly managed its debt profile during this era, maintaining a net averaging 0.6 from 2010 to 2019. This conservative leverage was bolstered by capital raised from the company's 1999 , which funded operational scaling while preserving financial flexibility. Prior to 2020, AGI navigated notable headwinds, particularly the 2008 global financial crisis, which dampened property sales and strained liquidity in the real estate arm. The company rebounded effectively through rigorous cost-cutting initiatives and operational efficiencies, restoring profitability and positioning for further expansion.

Recent results and stock performance

Alliance Global Group experienced a significant downturn in its financial performance during the early years of the . In 2020, the company's revenue declined by approximately 31% to ₱124.56 billion, primarily due to stringent lockdowns that disrupted operations across its , , and food and beverage segments. Recovery began in 2021 as restrictions eased, with revenues stabilizing before accelerating to ₱204.76 billion by 2023, supported by pent-up demand and strategic cost management. In the first half of 2025, Alliance Global reported robust growth, with attributable surging 39% year-over-year to ₱19.2 billion on consolidated revenues of ₱100.9 billion. This performance was driven by strong contributions from , which accounted for 45% of revenues through higher property sales and leasing, and beverages, contributing 25% via resilient domestic and export demand. For the first nine months of 2025, rose 24% to ₱24.8 billion on revenues of ₱143.4 billion. The company's stock, listed as AGI on the , traded at approximately ₱6.93 per share as of November 17, 2025, reflecting ongoing market dynamics. The stood at approximately 1.5% annually, providing returns to shareholders. Looking ahead, Alliance Global projects 15% annual growth through 2027, fueled by a rebound in and sectors post-pandemic, alongside international expansion in and beverages.

Disclosure and compliance violations

In April 2024, the (PSE) imposed a penalty of ₱1 million on Alliance Global Group, Inc. (AGI) for violations of Sections 17.6 and 17.13 of the PSE Listing and Disclosure Rules. These sections mandate timely reporting of shareholders owning at least one board lot within five trading days after the month's end and monthly submission of foreign ownership levels by the last working day of the first week of each month to ensure investor transparency. The violations involved failures to submit these required reports.

Other regulatory matters

Alliance Global Group, Inc. (AGI) and its subsidiaries maintain ongoing compliance with gaming regulations overseen by the (PAGCOR), particularly for anti-money laundering (AML) measures at Resorts World Manila, operated by Travellers International Hotel Group, Inc. (TIHGI). Since 2020, PAGCOR has intensified monitoring of licensed operators to address FATF concerns, including regular submission of compliance scorecards and implementation of know-your-customer (KYC) protocols and AML training programs. These efforts contributed to the ' removal from the FATF grey list in 2025, with PAGCOR commended for enhancing enforcement in the gaming sector, and no major penalties have been imposed on TIHGI operations to date. In environmental matters, Global-Estate Resorts, Inc. (GERI), AGI's arm, adheres to Department of Environment and Natural Resources (DENR) requirements through securing Environmental Compliance Certificates (ECCs) for resort developments and conducting regular audits for , , and emissions. While minor violations have occurred in construction activities, these were addressed without significant penalties; for instance, in 2023, GERI collaborated with DENR on remediation initiatives like tree-planting programs, and achieved full compliance with DENR and Laguna Lake Development Authority (LLDA) standards for . No material environmental fines exceeding routine administrative levels were reported for GERI in 2023. AGI subsidiaries, including Emperador Inc., undergo routine labor and tax audits by the (BIR) and Department of Labor and Employment (DOLE), with a focus on export incentives for international brandy and spirits operations. From 2022 to 2024, BIR reviews of Emperador's tax filings and incentives resulted in no adjustments or penalties, reflecting strong adherence to fiscal regulations; the company reported tax contributions exceeding 1.7 billion annually during this period. Labor compliance across AGI entities showed zero incidents of violations related to or child labor in 2023 and 2024. In the broader industry context, AGI aligns its gaming operations with Philippine standards that incorporate ASEAN regional guidelines on responsible gambling and AML, consistent with initiatives like the PlaySafe Alliance formed in 2025 to promote regulatory integrity. Additionally, AGI has proactively adopted ESG reporting practices ahead of the Securities and Exchange Commission (SEC) mandates proposed in 2025, which require sustainability disclosures for listed companies starting in 2026; the company's annual sustainability reports for 2023 and 2024 follow Global Reporting Initiative (GRI) standards, covering emissions, waste reduction, and social impacts.

References

  1. https://www.allianceglobalinc.com/
  2. https://finance.yahoo.com/quote/ALGGY/
  3. https://www.allianceglobalinc.com/about-us
  4. https://www.barrons.com/market-data/stocks/agi/company-people?countrycode=ph
  5. https://www.forbes.com/companies/alliance-global-group/
  6. https://www.marketwatch.com/investing/stock/agi?countrycode=ph
  7. https://www.wsj.com/market-data/quotes/PH/XPHS/AGI/company-people
  8. https://www.scmp.com/magazines/style/luxury/article/3094268/who-andrew-tan-mcdonalds-philippines-man-meet-chinese
  9. https://emperadorinc.com/news/andrew-tan-wealth-business-empire-and-life-outside-work/
  10. https://edge.pse.com.ph/companyInformation/form.do?cmpy_id=212
  11. https://www.allianceglobalinc.com/subsidiaries/megaworld-corporation
  12. https://forbesasiacustom.com/megaworld-the-philippines-largest-office-landlord-and-developer/
  13. https://www.pse.com.ph/pse-fetes-alliance-global-group-on-its-silver-listing-anniversary/
  14. https://www.hawaiibevguide.com/emperador-brandy.html
  15. https://www.allianceglobalinc.com/subsidiaries/emperador-inc
  16. https://www.ggrasia.com/resorts-world-manila-rebrands-as-newport-world-resorts
  17. https://megaworldinternational.com/
  18. https://www.thespiritsbusiness.com/2014/05/emperador-buys-whyte-mackay-for-430m/
  19. https://www.philstar.com/headlines/2015/11/30/1527751/andrew-tans-emperador-acquires-fundador
  20. https://bilyonaryo.com/2017/09/27/megaworld-group-moves-new-headquarters-uptown-bonifacio/property/
  21. https://www.bworldonline.com/editors-picks/2017/09/28/53488/megaworld-moves-new-corporate-headquarters/
  22. https://www.allianceglobalinc.com/news/agi-rolls-out-5-point-recovery-strategy-cushion-pandemic-impact
  23. https://www.philstar.com/business/2020/08/07/2033390/alliance-global-adopts-5-point-strategy-cope-covid-19
  24. https://www.bworldonline.com/arts-and-leisure/2023/06/15/528599/delivery-app-pick-a-roo-adds-personalized-recommendations/
  25. https://www.ggrasia.com/alliance-global-acquires-remaining-stake-in-newport-op
  26. https://insiderph.com/kevin-tan-takes-over-as-president-of-agi-6-years-after-becoming-ceo
  27. https://www.allianceglobalinc.com/news/agi-1h-profit-grows-39-p192b-normalized-net-income-19
  28. https://finance.yahoo.com/quote/MGAWF/profile/
  29. https://www.bworldonline.com/corporate/2025/05/08/671137/megaworld-q1-income-rises-16-to-p5-83b/
  30. https://megaworldinternational.com/properties/mckinley-hill/
  31. https://megaworldinternational.com/about/
  32. https://www.allianceglobalinc.com/sites/default/files/2025-05/AGI%25201Q2025%2520Briefing%2520Presentation%2520FINAL_Updated.pdf
  33. https://www.asiapropertyawards.com/en/southeast-asia-property-awards-2012-winners-revealed/
  34. https://megaworldinternational.com/news_and_updates/megaworld-international-expands-global-reach-with-new-office-launch-in-abu-dhabi/
  35. https://www.allianceglobalinc.com/news/four-megaworld-buildings-get-new-leed-certifications
  36. https://www.ditosapilipinas.com/national/business-tech/article/06/05/2025/megaworld-key-properties-shifts-to-renewable-energy/1643
  37. https://upropertyph.com/2023/06/18/megaworld-corporation-revolutionizing-urban-living-in-the-philippines/
  38. https://mb.com.ph/1/2/2025/leading-green-revolution
  39. https://www.msn.com/en-ph/news/money/andresons-sells-more-emperador-shares-to-alliance-global/ar-AA1Phxbc
  40. https://emperadorinc.com/our-company/
  41. https://www.gourmetpro.co/blog/guide-to-philippines-spirits-market
  42. https://www.just-drinks.com/features/just-the-facts-emperador-inc/
  43. https://www.thespiritsbusiness.com/2014/11/emperador-completes-whyte-mackay-takeover/
  44. https://emperadorinc.com/news/tans-grupo-emperador-seals-purchase-of-fundador/
  45. https://emperadorinc.com/wp-content/uploads/2025/06/EMI-2024-Full-FS-w_o-bleed-Jun-16-3pm_compressed.pdf
  46. https://www.colfinancial.com/ape/final2/ResearchCompUpdates/Downloads/2013-11-18-PH-S-EMP.pdf
  47. https://www.sgx.com/research-education/market-updates/20220714-emperador-inc-philippines-largest-global-liquor-company
  48. https://www.theedgesingapore.com/capital/sgx-research-series-10-10/emperador-embracing-premiumisation-global-expansion
  49. https://emperadorinc.com/wp-content/uploads/2022/08/Emperador-ASR-2021.pdf
  50. https://www.allianceglobalinc.com/sites/default/files/2024-07/AGI%20Annual%20and%20Sustainability%20Report%202023%20%5Bwith%20QR%20code%5D.pdf
  51. https://www.allianceglobalinc.com/subsidiaries/travellers-international-hotel-group-inc
  52. https://newportworldresorts.com/about
  53. https://asgam.com/2022/07/20/resorts-world-manila-changes-name-to-newport-world-resorts/
  54. https://geri.com.ph/tourism-estates/boracay-newcoast/
  55. https://geri.com.ph/about/business-profile/
  56. https://geri.com.ph/2024/04/12/geri-nets-p2-1b-in-2023/
  57. https://www.allianceglobalinc.com/asm2024/about-us
  58. https://www.allianceglobalinc.com/subsidiaries/golden-arches-development-corporation
  59. https://www.mcdonalds.com.ph/our-food
  60. https://pickaroo.com/about-us
  61. https://www.philstar.com/business/2025/04/07/2433980/mcdonalds-philippines-gears-aggressive-store-expansion
  62. https://www.bworldonline.com/corporate/2025/04/07/664203/mcdonalds-philippines-eyes-65-new-stores-with-up-to-p5-billion-investment-this-year/
  63. https://www.allianceglobalinc.com/news/agi-1q-core-net-income-grows-14-p75b
  64. https://www.allianceglobalinc.com/subsidiaries/infracorp-development-inc
  65. https://www.philstar.com/business/2024/05/29/2358668/alliance-global-invest-more-proposed-skytrain-project
  66. https://www.bworldonline.com/editors-picks/2019/07/02/239726/alliance-global-sets-p410-b-capex-for-five-years/
  67. https://www.allianceglobalinc.com/news/new-consortium-formed-transform-naia-world-class-airport
  68. https://www.rappler.com/business/184903-alliance-global-infracorp-development-skytrain/
  69. https://www.philstar.com/headlines/2024/02/17/2334038/smc-led-group-wins-bid-naia-privatization
  70. https://www.abs-cbn.com/business/08/05/20/megaworld-launches-digital-technology-arm-invests-in-new-delivery-app-pickaroo
  71. https://www.forbes.com/lists/philippines-billionaires/?sh=5e4b0a5f6a2c
  72. https://www.philstar.com/business/2024/06/04/2360103/kevin-tan-named-agi-president-travellers-ushers-new-leadership
  73. https://www.allianceglobalinc.com/news/agi-embarks-5-yr-innovation-digital-transformation-program
  74. https://www.marketscreener.com/quote/stock/ALLIANCE-GLOBAL-GROUP-INC-6499126/company/
  75. https://mb.com.ph/2021/06/17/alliance-global-banks-on-foreign-operations-during-pandemic/
  76. https://asgam.com/2024/08/28/kevin-tan-new-horizons/
  77. https://markets.ft.com/data/equities/tearsheet/summary?s=AGI:PHS
  78. https://www.allianceglobalinc.com/sites/default/files/2025-08/AGI%20Shareholding%20Structure%20as%20of%20July%2031%2C%202025.pdf
  79. https://insiderph.com/kevin-tan-led-agi-to-raise-p1b-from-warrant-sale-parent-firm-backs-offer
  80. https://www.allianceglobalinc.com/company-disclosures/public-ownership-reports
  81. https://www.tipranks.com/news/company-announcements/emperador-inc-clarifies-agis-ownership-stake
  82. https://bilyonaryo.com/2025/10/24/andrew-tan-tightens-grip-on-emperador-with-p1-8-billion-share-transfer-to-agi/food/
  83. https://www.allianceglobalinc.com/sites/default/files/2025-08/AGI%2017Q%20JUNE%202025.pdf
  84. https://pitchbook.com/profiles/company/59573-98
  85. https://www.allianceglobalinc.com/corporate-governance
  86. https://allianceglobalinc.com/asm2024/sites/default/files/2024-06/Integrated%2520Annual%2520Corporate%2520Governance%2520Report%25202023.pdf
  87. https://www.allianceglobalinc.com/company-disclosures/integrated-annual-corporate-governance-report-2018
  88. https://www.allianceglobalinc.com/sites/default/files/2020-08/AGI_AR19_qr.pdf
  89. https://www.allianceglobalinc.com/sites/default/files/2019-09/AGI2016-ARFINAL.pdf
  90. https://www.allianceglobalinc.com/sites/default/files/2019-09/AGI-Annual-Report-as-of-Dec-31-10.pdf
  91. https://assets.bbhub.io/promo/sites/16/AGI_PSE-Spotlight_Q1-STAR-final.pdf
  92. https://www.barrons.com/market-data/stocks/agi/financials?countrycode=ph
  93. https://business.inquirer.net/557861/alliance-global-grows-9-mo-profit-to-p24-8b
  94. https://www.investing.com/equities/alliance-globa
  95. https://simplywall.st/stocks/ph/capital-goods/pse-agi/alliance-global-group-shares/dividend
  96. https://bilyonaryo.com/2024/04/07/pse-fines-andrew-tans-agi-for-disclosure-violations/business/
  97. https://www.allianceglobalinc.com/sites/default/files/2025-06/AGI-Annual%20and%20Sustainability%20Report-2024.pdf
  98. https://geri.com.ph/wp-content/uploads/2024/12/GERI-Annual-Report-17-A-2024-1.pdf
  99. https://asgam.com/2025/08/09/licensed-online-operators-respond-to-regulatory-push-by-forming-playsafe-alliance-of-the-philippines/
  100. https://esgpost.com/philippines-sec-proposes-mandatory-sustainability-reporting-for-listed-and-large-firms/
Add your contribution
Related Hubs
User Avatar
No comments yet.