Casino gross gaming revenue (GGR) at the Okada Manila casino resort in the Philippine capital stood at PHP6.98 billion (US$119.9 million) in the third quarter this year, down 15.3 percent from the prior-year period. The latest quarterly GGR tally declined 1.8 percent sequentially.
That is according to a Tuesday filing from the property’s promoter, Tiger Resort, Leisure and Entertainment Inc.
Adjusted segmental earnings before interest, taxation, depreciation and amortisation (EBITDA) for Okada Manila stood at nearly PHP1.11 billion in the three months to September 30, a 2.0-percent increase from a year earlier. Judged sequentially, such quarterly adjusted EBITDA declined by 3.9 percent.
The third-quarter result saw a 40.8 percent year-on-year fall in VIP revenue, to just under PHP1.46 billion.
Revenue from mass-market tables in the July to September period stood at PHP2.51 billion, up 2.3 percent from a year ago. Okada Manila’s gaming machines generated revenue of PHP3.00 billion, 9.2-percent lower than in the prior-year period.
Non-gaming revenue in the third quarter this year fell by 7.4 percent year-on-year, to PHP864 million, showed the data published on Tuesday.
For the first nine months of 2025, GGR at Okada Manila stood at PHP21.88 billion, down 15.3 percent from a year earlier. Adjusted segmental EBITDA in the year to September 30 fell 27.4 percent year-on-year, to nearly PHP4.04 billion.
Tiger Resort is a unit of Japanese conglomerate Universal Entertainment Corp.
In mid-September, Nobuki Sato assumed the roles of president and chief operating officer (COO) of Okada Manila. Mr Sato, who replaced Byron Yip in those positions, is a senior executive officer and chief financial officer of Universal Entertainment.
