Okada Manila operator Tiger Resort, Leisure and Entertainment (TRLEI) saw a 3.7 percent drop in its 4Q24 gross gaming revenue results, falling to PHP8.97 billion ($153 million), with falls in both gaming machine revenue and VIP table games.
According to the group’s most recent results, overall GGR for 2024 fell by 21.8 percent yearly, reaching nearly PHP34.82 billion ($594.5 million) – with drops in GGR from all gaming segments compared to 2023.
VIP rolling chip volume saw significant deterioration in the fourth quarter, on a yearly basis, falling to nearly PHP76.88 billion ($1.31 billion), compared to PHP126.33 billion ($2.16 billion) in 4Q23. Total revenue from the VIP segment amounted to PHP3.15 billion ($53.78 million) during the fourth quarter, down by 9.4 percent yearly.

Gaming machine revenue was down by 1.38 percent yearly, topping out at just PHP3.26 billion in the quarter.
Mass market table games actually saw a yearly improvement, up by just 1 percent, totaling PHP2.55 billion ($55.66 million).
Other revenue – encompassing hotel, F&B, retail, entertainment, and others rose during the quarter, hitting PHP1.2 billion ($20.5 million) – an increase of 16.2 percent yearly.
Looking at the year overall, total revenue for the TRLEI, a subsidiary of Universal Entertainment, amounted to PHP38.93 billion ($66.47 million) – the majority derived from its gaming operations.
VIP revenue fell by a hefty 34 percent, clocking in at just PHP11.1 billion ($18.95 million), while mass market table games revenue dropped by nearly 15 percent yearly, to just PHP10.93 billion ($18.66 million).
Gaming machine revenue in 2024 similarly saw a decrease, topping out at just PHP12.77 billion ($21.8 million), an annual decrease of nearly 14 percent.
Hotel occupancy during the quarter actually increased, reaching 84 percent, compared to 75.1 percent in 4Q23, despite a slight increase in the average daily room rate.
During the fourth quarter, Okada Manila saw 1.71 million visitors, compared to 1.6 million in 4Q23. For the whole year, the property welcomed 6.03 million visitors, up from 5.98 million in 2023.