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Okada Manila revenue up by nearly one-third in 3Q23

Universal Entertainment, the operator of Okada Manila, says that its major subsidiary which operates the property saw a 29 percent increase in yearly revenue during the third quarter of the year, topping PHP13.36 billion ($235.64 million), while adjusted segment EBITDA was up 45.6 percent yearly to PHP3.55 billion ($62.61 million).

AGBrief Editorial AGBrief EditorialOctober 12, 2023 · 1 min read
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Okada Manila, Universal Entertainment

Universal Entertainment, the operator of Okada Manila, says that its major subsidiary which operates the property saw a 29 percent increase in yearly revenue during the third quarter of the year, topping PHP13.36 billion ($235.64 million), while adjusted segment EBITDA was up 45.6 percent yearly to PHP3.55 billion ($62.61 million).

Gross gaming revenue totaled PHP12.35 billion ($217.8 million) – up by 29.7 percent.

VIP table game revenue made up the largest component, at PHP4.42 billion ($77.95 million), while mass table revenue topped PHP4.1 billion ($72.29 million).

Gaming machine revenue rose to PHP3.82 billion ($67.36 million) during the period.

Total revenue for the operator amounted to PHP13.26 billion ($233.82 million), up from PHP10.28 billion ($181.28 million) in the same period of last year.

AGBrief Editorial
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