Stock prices of listed firm Travellers International Hotel Group, Inc., the owner and operator of Resorts World Manila (RWM), dropped by 8.82 percent in the Friday afternoon trade.
The drop followed the shooting and fire incident that struck the casino hotel early Friday.
Latest trade price of the company’s shares at the Philippine Stock Exchange fell to P3.10 apiece, lower by P0.30 from Thursday’s finish of P3.40 per share.
Its opening stock price slipped to P3.30 apiece.
“This is a sad day for Resorts World Manila. At approximately 12 midnight on June 2, 2017, a lone gunman barged into Resorts World Manila firing shots and setting game tables on fire,” the company said in a disclosure.
The company and the Philippine National Police responded to the attack around 7 a.m.
The gunman was found dead as he took his own life by setting himself on fire followed by a self-inflicted gunshot wound.
“As of this time the company has extended medical assistance to the 54 individuals who were taken to nearby hospitals,” it said, referring to people injured during the incident.
At least 36 others died from suffocation from the thick smoke caused by the fire.
“Our security team and Bureau of Fire Protection are currently conducting search and rescue operations on all floors,” the company said.
“This cowardly act of a deranged mind will not defeat the spirit on which Resorts World Manila was built. With your prayers, we will overcome this tragedy,” it added. (Kris M. Crismundo/PNA)
photo credit: Contestate.com
