Ticketing, live entertainment and data analytics company TEG has furthered its Asian expansion drive by acquiring TicketWorld, a leading ticketing company in the Philippines.
Announced today (Thursday), the TicketWorld acquisition complements existing TEG businesses in Asia. TEG owns regional ticketing powerhouse Ticketek Australia and New Zealand, and has affiliated ticketing operations in Malaysia, Hong Kong and Macau.
Founded in 1995, TicketWorld is a specialist live event ticketing provider for events of all sizes, offering a full suite of ticketing and marketing services. The company holds partnerships with leading Philippines venues including Solaire Resort and Casino, Resorts World Manila, BGC Arts Center and the Cultural Center of the Philippines.
TEG chief executive Geoff Jones said today’s announcement demonstrates the focus and commitment to expand the business into multiple Asian markets. He added: “We see great opportunities in many Asian markets and our strategy puts us on course to becoming a truly pan-Asian promoter.
“TicketWorld has built a great reputation and lasting relationships in the Philippines live entertainment industry. I am delighted that CEO and founder Bob Sewell and his management team will remain with the business under TEG ownership.”
TicketWorld will become part of TEG Asia, the division based in Singapore under managing director Brendon Bainbridge.
Sewell said: “I look forward to working with TEG and its team of entertainment professionals. The opportunity to grow the market in the Philippines by delivering more entertainment choices will be well received in the Philippines.”