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Okada Manila April GGR gains 26 percent

Tiger Resorts & Leisure, the company that operates Okada Manila, said the integrated resort generated a 26 percent gain in gross gaming revenue in April.

The company took in P2.48 billion ($47.3 million). Revenue from other sources jumped by 61 percent to P187 million, while adjusted EBITDA gained 226 percent to P314 million.

Okada Manila is the largest of the integrated resorts in Manila’s Entertainment City and was the most recent to open. It has been gradually rolling out facilities, with its results ramping up in tandem.

As of April 2019, the group was operating 1,673 VIP gaming tables compared with 929 the same time last year. Mass tables totalled 714, up from 476, while gaming machines rose to 911 from 565.

Tiger Resorts’ parent company, Universal Entertainment, releases monthly revenue figures.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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