Ongoing headwinds in the VIP gaming segment further impacted Philippines integrated resort Okada Manila in the June 2026 quarter, with gross gaming revenue falling 14.6% year-on-year to Php6.06 billion (US$98.2 million).
This was also 6.3% lower than the Php6.47 billion (US$105 million) in GGR reported in Q1.
According to information from operating entity Tiger Resort, Leisure and Entertainment Inc (TRLEI), the decline was entirely attributable to the VIP gaming segment, which suffered a 56.2% decline to Php1.0 billion (US$16.2 million).
By comparison, mass table games showed an 8.5% improvement to Php2.20 billion (US$35.6 million) and gaming machines a 2.7% increase to Php2.86 billion (US$46.3 million). Non-gaming revenue was flat year-on-year at Php928 million (US$15.0 million).
TRLEI also reported Adjusted segment EBITDA of Php333 million (US$5.4 million), down 71.1% compared to 2Q25.
Aside from structural challenges to Manila’s VIP gaming market brought about by fewer visitor arrivals from its core Korean and Chinese markers, Okada Manila’s parent company Universal Entertainment Corp recently pointed to increasingly intense competition among operators in the Manila market which it said is driving the cost of customer acquisition higher.
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