Casino gross gaming revenue (GGR) at the Okada Manila casino resort (pictured) in the Philippine capital stood at PHP7.10 billion (US$125.3 million) in the three months to June 30, down 19.6 percent from the prior-year period. The second-quarter GGR tally declined 9.1 percent sequentially.
That is according to a Monday filing from the property’s promoter, Tiger Resort, Leisure and Entertainment Inc.
The second-quarter result saw a 21.1 percent year-on-year fall in VIP revenue, to PHP2.29 billion. VIP revenue was up 29.4 percent quarter-on-quarter.
Revenue from mass-market tables in the April to June period stood at nearly PHP2.03 billion, down 31.6 percent from a year earlier. Mass table revenue fell by 33.2 percent quarter-on-quarter.
In the three months to June 30, Okada Manila’s gaming machines generated revenue of PHP2.78 billion, down 6.3 percent year-on-year, and a decline of 7.0 percent from the first quarter this year.
Non-gaming revenue in the second quarter fell by 7.5 percent year-on-year, to PHP929 million. It was down 1.3 percent sequentially.
Second-quarter 2025 adjusted segmental earnings before interest, taxation, depreciation and amortisation (EBITDA) for Okada Manila declined by 46.4 percent from a year earlier, to just above PHP1.15 billion. Judged sequentially, such quarterly adjusted EBITDA declined by 35.4 percent.
Tiger Resort is a unit of Japanese conglomerate Universal Entertainment Corp.
For first-half 2025, GGR at Okada Manila stood at PHP14.91 billion, down 15.4 percent from the previous year. Adjusted segmental EBITDA in the six months to June 30 stood at PHP2.93 billion, down 34.6 percent from first-half 2024.
