The operator of Philippines integrated resort Okada Manila reported a 15.2% year-on-year fall in gross gaming revenues to Php6.98 billion (US$120 million) in 3Q25, again impacted by the continued slide of the VIP table games segment.
There was some positive news, however, with mass table games showing slight improvement from the same time last year – climbing 2.3% to Php2.51 billion (US$43.2 million) according to information from Tiger Resort Leisure & Entertainment Inc (TRLEI).
The Q3 results included a 40.8% decline in VIP table games revenue to Php1.46 billion (US$25.1 million) and a 9.2% decline in gaming machine revenue to Php3.00 billion (US$51.7 million).
The VIP segment has proven problematic for all Entertainment City operators, with the banning of the POGO industry from 1 January this year cited as the main reason for an absence of high-spending Chinese customers.
Non-gaming revenue in Q3 was also down 7.4% to Php864 million (US$14.9 million) although TRLEI reported a minor improvement in Adjusted EBITDA for the period to Php1.11 billion (US$19.1 million).
For the first nine months of 2025 combined, Okada Manila has booked a 15.3% fall in GGR to Php21.9 billion (US$377 million), including a 30.6% decline in VIP table games to Php5.52 billion (US$95.1 million), a 9.5% fall in mass table games to Php7.58 billion (US$131 million) and a 7.7% drop in machine revenue to Php8.78 billion (US$151 million).
RelatedPosts
