Philippines: Okada Manila Q4 2025 Revenue Plunges Amid VIP and Mass-Market Slowdown
Wednesday 14 de January 2026 / 12:00
⏱ 1 min read
(Manila).- Okada Manila reports a sharp 34% drop in Q4 casino gross gaming revenue, with VIP and mass-market segments declining. Full-year 2025 GGR falls 20% as adjusted EBITDA drops nearly half.
The Okada Manila casino resort in the Philippine capital posted casino gross gaming revenue (GGR) of just under PHP5.93 billion (US$99.7 million) in the fourth quarter of 2025, marking a 34.0% decline compared to the same period last year.
This information was disclosed in a Wednesday filing by the property’s operator, Tiger Resort, Leisure and Entertainment Inc.
Adjusted segmental earnings before interest, taxation, depreciation, and amortisation (EBITDA) for Okada Manila fell to approximately PHP238 million in Q4, down 88.5% from PHP2.07 billion in the prior-year quarter.
The steep decline was driven by a 78.9% year-on-year drop in VIP revenue, which fell to roughly PHP667 million. Revenue from mass-market tables reached PHP2.28 billion, down 10.8% from the previous year, while gaming machine revenue slipped 8.8% to PHP2.98 billion.
Non-gaming revenue for the quarter decreased 5.3% year-on-year, totaling PHP1.14 billion.
For the full year 2025, Okada Manila recorded GGR of nearly PHP27.81 billion, a 20.1% decline from 2024, with adjusted segmental EBITDA falling 44.0% to PHP4.27 billion.
Tiger Resort is a subsidiary of Japanese conglomerate Universal Entertainment Corp., which earlier in November had revised its 2025 forecast to a loss due to declining VIP activity at Okada Manila and lower amusement machine sales. Previously, the company had anticipated a profit of JPY800 million (US$5.04 million) for the year.
Universal Entertainment also manufactures pachinko and other amusement machines, primarily for the Japanese market.
Categoría:Reports & Data
Tags: Sin tags
País: Philippines
Región: Asia
Event
SBC Summit Americas 2026
09 de June 2026
Driving Player Engagement: EGT Digital's Insights from SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- SBC Summit Americas offered EGT Digital an excellent platform to strengthen existing relationships and engage directly with the LATAM market. Learn more in the following interview with Andres Troelsen, Regional Sales Director LATAM.
Monday 22 Jun 2026 / 12:00
Sportradar’s Eduardo Lobato about SBC Summit Americas: "this year's edition was particularly special"
(Fort Lauderdale, Florida, SoloAzar Exclusive).- In an interview following SBC Summit Americas, Eduardo Lobato, Enterprise Client Partner Lead at Sportradar, shares his insights on the industry's evolving priorities, the impact of the FIFA World Cup atmosphere on the event, and why AI-powered personalization is becoming essential for long-term success in Latin America's betting market.
Monday 22 Jun 2026 / 12:00
SBC Summit Americas 2026: A Hub for Networking and Collaboration
(Fort Lauderdale).- Held at the Broward County Convention Center from June 9-11, SBC Summit Americas facilitated discussions between operators, affiliates, suppliers and regulators on the opportunities and challenges shaping gaming markets across the Americas.
Friday 19 Jun 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.
