Casino

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.

Okada Manila GGR slumps 22% in 2Q24 on decline in VIP gaming table and slot 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

SiGMA North America 2026

01 de September 2026

PopOK Gaming's Yo Dragon Wins Best Slot Game at SiGMA America 2026

(Douglas).- PopOK Gaming wins Best Slot Game 2026 for "Yo Dragon" at SiGMA North America Awards.

Tuesday 08 Sep 2026 / 12:00

Amusnet Reinforces LATAM Strategy with Best Live Casino Game Award

(Sofia).- Amusnet took home the prestigious Best Live Casino Game Provider 2026 award at the SiGMA North America Awards, cementing its technological excellence and growing footprint in the Latin American iGaming market. During the event, the company reaffirmed its commitment to delivering highly localized solutions and building long-term, sustainable partnerships with operators across the region.

Monday 07 Sep 2026 / 12:00

SiGMA North America 2026 Concludes with a Spotlight on AI and iGaming

(Mexico City, SoloAzar Exclusive).- SiGMA North America 2026 concluded yesterday in Mexico City after bringing together nearly 2,250 delegates at Centro Banamex. The summit, held from September 1st to 3rd, focused on artificial intelligence (AI), innovation, collaboration between the public and private sectors, and the adaptation of global strategies to the particularities of local markets.

Friday 04 Sep 2026 / 12:00