Okada Manila operator Tiger Resort, Leisure and Entertainment (TRLEI) saw a 19.63 percent drop in its 2Q25 gross gaming revenue results, falling to PHP7.1 billion ($125.3 million), with drops in VIP, mass table games and gaming machine revenue.
VIP rolling chip volume saw significant deterioration in the second quarter, on a yearly basis, falling to nearly PHP52.42 billion ($925.3 million), compared to PHP78.47 billion ($1.38 billion) in 2Q24. Total revenue from the VIP segment amounted to PHP2.29 billion ($40.42 million) during the second quarter, down by 21 percent yearly.
Gaming machine revenue was down by 6.3 percent yearly, topping out at just PHP2.78 billion ($49.1 million) in the quarter.
Mass market table games revenue was similarly down, dropping by 31 percent, totaling PHP2.02 billion ($35.66 million).
Non-gaming revenue – encompassing hotel, F&B, retail, entertainment, and others – also fell during the quarter, reaching just PHP929 million ($16.4 million) – down by 7.47 percent yearly.
Looking at the quarter overall, total revenue for TRLEI, a subsidiary of Universal Entertainment, amounted to PHP8.03 billion ($141.76 million), down by 18.38 percent year-on-year.
Hotel occupancy during the quarter actually increased, reaching 86 percent, compared to 78.9 percent in 2Q24, with a slight drop in the average daily room rate.
During the second quarter, Okada Manila saw 1.41 million visitors, compared to 1.44 million in 2Q24.
