Universal Entertainment’s Okada Manila saw a strong revamp in gross gaming revenue during the third quarter, rising to PHP12.35 billion, up some 29.7 percent yearly, as VIP, mass and gaming machines saw increases year-on-year.
According to the most recent results published by parent company Universal Entertainment, the property garnered some PHP4.42 billion in VIP revenue, up 7 percent annually, while mass market play hit PHP4.1 billion – a rise of 64.6 percent compared to the same period in 2022.
Gaming machine play revenue also increased, to PHP3.8 billion, a 24.6 percent rise.
VIP rolling chip totalled some PHP149.99 billion, up by 41 percent year-on-year, even as mass table drop rose to PHP13.13 billion, up 39 percent annually.
Adjusted segment EBITDA for the property was up 45.6 percent, to PHP3.55 billion.
Overall net sales for Universal from its Integrated Resort segment totaled some JPY27.2 billion, up 34.4 percent yearly, with profit hitting PHP4.85 billion – a rise of 173 percent.
Adjusted segment EBITDA also rose by some 53 percent annually, to PHP8.87 billion.
Universal continued to deliver in regards to its Pachislot and Pachinko businesses, despite a slowdown in Pachislot sales.
During the quarter, the company sold some 22,510 Pachislot units, compared to 22,701 in 3Q22, however its Pachinko machine sales surged by 373 percent, to 14,252. Overall machine sales totaled 36,762 – a rise of 43 percent annually.
This drove an increase for gross profit in the segment of 58 percent, to JPY6.81 billion.