The Okada Manila casino resort in the Philippine capital recorded casino gross gaming revenue (GGR) of just under PHP5.93 billion (US$99.7 million) in the fourth quarter of 2025, a 34.0-percent decline from a year earlier.
That is according to a Wednesday 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 about PHP238 million in the last three months of 2025, down 88.5 percent compared to the PHP2.07 billion achieved in the prior-year period.
The fourth-quarter result saw a 78.9 percent year-on-year fall in VIP revenue, to circa PHP667 million.
Revenue from mass-market tables in the three months to December 31 stood at PHP2.28 billion, 10.8-percent lower than a year ago. Okada Manila’s gaming machines generated revenue of PHP2.98 billion, down 8.8 percent from the prior-year period.
Non-gaming revenue in the October to December period fell 5.3 percent year-on-year, to PHP1.14 billion, showed the data published on Wednesday.
For full-year 2025, GGR at Okada Manila stood at nearly PHP27.81 billion, down 20.1 percent from the previous year. Adjusted segmental EBITDA last year stood at PHP4.27 billion, a decline of 44.0 percent from 2024.
Tiger Resort is a unit of Japanese conglomerate Universal Entertainment Corp.
In November, the parent company said it expected a loss for 2025, amid VIP woes at Okada Manila, as well as lower sales of amusement machines. Before the revision, the firm had expected a JPY800-million (US$5.04-million) profit for the financial year.
Universal Entertainment also makes pachinko and other amusement machines mainly for the Japanese market.
