Okada Manila GGR slumps 22% in 2Q24 on decline in VIP gaming table and slot segments
Monday 15 de July 2024 / 12:00
⏱ 1 min read
(Manila).- Tiger Resort, Leisure and Entertainment Inc, the operator of Philippines integrated resort Okada Manila, has reported gross gaming revenue of US$194 million in the three months to 30 June 2024, down 21.8% on significant declines in the VIP and gaming machine segments.
Tiger Resort, Leisure and Entertainment Inc, the operator of Philippines integrated resort Okada Manila, has reported gross gaming revenue of Php11.3 billion (US$194 million) in the three months to 30 June 2024, down 21.8% on significant declines in the VIP and gaming machine segments.
The result was slightly improved on 1Q24 GGR, however.
According to details posted late Friday, Okada Manila generated GGR of Php2.90 billion (US$49.7 million) from VIP gaming tables in 2Q24, down 34.5% year-on-year, while gaming machines fell by 21.8% to Php2.97 billion (US$50.9 million).
Mass gaming tables fell by 3.4% to Php2.97 billion (US$50.9 million), while non-gaming revenue was up by 9.7% to Php1.0 billion (US$17.1 million).
Adjusted segment EBITDA declined by 30.0% year-on-year to Php2.15 billion (US$36.8 million), despite an increase in total property visitors to 1.45 million compared to 1.42 million in 2Q23.
For the first six months of 2024 combined, GGR at Okada Manila is down 23.0% year-on-year to Php17.6 billion (US$301 million) with Adjusted segment EBITDA down 30.0% to Php4.45 billion (US$76.2 million).
Categoría:Casino
Tags: casino,
País: Philippines
Región: Asia
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
GR8 Tech Stands Out at GAT Cartagena with Strong Sportsbook Focus Ahead of World Cup
(Bogota, SoloAzar Exclusive).- At this year’s GAT Cartagena, GR8 Tech made its presence felt with a clear emphasis on sportsbook growth and scalability—topics that dominated conversations with operators across Latam. Alvaro Mosquera, Head of Business LATAM, said that while many exhibitors focused on land-based solutions, GR8 Tech’s positioning around platform stability, speed, and readiness for high-traffic events drew genuine interest, especially with the World Cup just months away.
Friday 10 Apr 2026 / 12:00
José Aníbal Aguirre: "GAT Expo Cartagena is today a strategic meeting point for the industry"
(Cartagena de Indias, SoloAzar Exclusive).- In this one-on-one interview, José Aníbal Aguirre, CEO of GAT Events, makes an exhaustive balance after another edition of GAT Expo Cartagena 2026.
Tuesday 07 Apr 2026 / 12:00
Win Systems wraps up a successful presence at GAT Expo Cartagena 2026
(Barcelona).- Global technology provider for the gaming and entertainment industry, Win Systems, successfully concluded its participation at GAT Expo Cartagena 2026, one of the most important events in the Latin American sector. On March 25 and 26, the company turned its Stand A7 into a prominent meeting point for operators, clients, and industry professionals, showcasing its latest technological innovations and gaming solutions.
Monday 06 Apr 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.