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HomeNewsPhilippinesOkada Manila sees strong surge in 2Q23, with GGR up 36 percent

Okada Manila sees strong surge in 2Q23, with GGR up 36 percent

Okada Manila operator Universal Entertainment has reported that the property has garnered some PHP11.29 billion ($207.56 million) in gross gaming revenue during the second quarter of the year, a 36.12 percent increase from last year, while adjusted segment EBITDA rose some 39.9 percent, to PHP3.06 billion ($56.25 million).

VIP play contributed strongly to the results, making up the majority of play results – at PHP4.42 billion ($81.26 million), up 36.44 percent yearly.

Meanwhile, table games also saw a strong yearly increase, up by 40.11 percent to PHP3.07 billion ($56.44 million), even as gaming machine revenue topped out at PHP3.79 billion ($69.68 million), up 32.69 percent yearly.

During the period, the group also saw some 1.42 million property visitors, up 35.62 percent, driving the hotel occupancy rate to 80.7 percent, a slight drop from that seen in the same period of 2022, at 86.4 percent.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.



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