• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Okada Manila June GGR up 26pct, half year GGR up 45pct

Jul 15, 2019 Newsdesk Latest News, Philippines, Top of the deck  


Okada Manila June GGR up 26pct, half year GGR up 45pct

The promoter of the Okada Manila casino resort in the Philippines reported June gross gaming revenue (GGR) of just over PHP3.01 billion (US$58.9 million), up 26.4 percent on the just under PHP2.42 billion achieved in the prior-year period.

Judged on a half-year basis, GGR at Okada Manila (pictured) went up 44.7 percent in the six months to June 30, to nearly PHP17.66 billion, from slightly more than PHP12.20 billion in the prior-year period.

First-half 2019 VIP rolling chip volume at Okada Manila – a separate measure for gaming performance compared to GGR – went up 31.3 percent, to nearly PHP264.09 billion, compared to 201.20 billion in the first half 2018.

The tally of visitors to the resort in the first half rose 25.1 percent, to just over 2.81 million, from 2.25 million. The venue is promoted by Tiger Resort, Leisure and Entertainment Inc, a unit of Japan’s Universal Entertainment Corp.

The total number of visitors to the property in June increased 28.7 percent judged annually, to nearly half a million – or 498,203 – compared to 387,085 in the prior-year period.

In June, GGR from VIP play rose 10.5 percent year-on-year to PHP1.41 billion, from just under PHP1.28 billion.

But the biggest improvement was in mass-market table games GGR, which rose 58 percent year-on-year to PHP787 million from PHP498 million.

Gaming machine revenue for the period was PHP813 million, up 26.8 percent on the PHP641 million from June 2018.

In addition, “other” revenue at Okada Manila in June this year amounted to PHP195 million, an improvement of 41.3 percent on the PHP138 million the year before.

The resort’s June adjusted segmental earnings before interest, taxation, depreciation and amortisation (EBITDA) amounted to PHP424 million, compared to a loss of PHP91 million in June 2018. Adjusted EBITDA for the six months to June 30 stood at nearly PHP2.63 billion, up from 208 million in the comparable period last year.

The average daily room rate at the resort rose in June by 18.6 percent year-on-year, to PHP10,068 from PHP8,491 while the hotel occupancy rate fell 1.6 percentage points, to 97.8 percent, from 99.4 percent.


  • tweet
Related articles
  • Okada Manila 4Q gaming revenue up 50pct y-o-y
    Okada Manila 4Q gaming revenue up 50pct...

    Jan 30, 2023  

  • Universal confirms US$12mln loss over Okada Manila tussle
    Universal confirms US$12mln loss over...

    Dec 15, 2022  

More news
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM
    Macau CNY mass GGR maybe 60pct plus of...

    Jan 31, 2023  

  • Pagcor 2022 income up 66pct y-o-y, tops US$1bln
    Pagcor 2022 income up 66pct y-o-y, tops...

    Jan 31, 2023  


Latest News

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPM

Jan 31, 2023  

Macau mass-market casino gross gaming revenue (GGR) for the recent Chinese New Year (CNY) holidays could have recovered to at least 60 percent of that for the 2019 break, when the festivities were in...
Read More
Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Pagcor 2022 income up 66pct y-o-y, tops US$1bln

Jan 31, 2023  

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.08 billion

Total income for 2022 reported by the Philippine Amusement and Gaming Corp



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Junket boss Levo Chan heard okaying illicit bets: courtJunket boss Levo Chan heard okaying illicit bets: court January 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us