• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 20 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Okada Manila GGR down 42% to US$109 million in 1Q21

Ben Blaschke by Ben Blaschke
Mon 19 Apr 2021 at 06:35
Time to shine

Okada Manila

44
SHARES
1.1k
VIEWS
Print Friendly, PDF & Email

Tiger Resort Leisure & Entertainment, Inc (TRLEI), the wholly-owned subsidiary of Japan’s Universal Entertainment Corp and operator of Philippines integrated resort Okada Manila, has reported a 35% year-on-year decline in Adjusted segment EBITDA to Php692 million (US$14.3 million) in 1Q21 on the impact of COVID-19.

The results, which also saw gross gaming revenues fall 42% to Php5.29 billion (US$109 million), reflect reduced operating capacity throughout the first quarter of 2021 compared with the same period last year, when Okada Manila maintained normal operations until closing its doors on 15 March.

TRLEI said Friday that VIP table games revenue fell 49.0% year-on-year to Php2.33 billion (US$48.2 million) and mass table revenue by 49.3% to Php861 million (US$17.8 million) in 1Q21. Gaming machine revenue fell by just 19.4% to Php1.90 billion (US$39.3 million).

The number of visitors to Okada Manila fell by more than half, from almost 1.2 million in 1Q20 to 572,000 in the first three months of this year, while the hotel occupancy rate was 74.% versus 91.4% a year earlier.

All casinos in Manila have been closed since 29 March 2021 due to the latest wave of COVID-19 sweeping the nation. President Rodrigo Duterte revealed last week that Modified Enhanced Community Quarantine (MECQ) measures would remain in place for the National Capital Region until at least 30 April.

RelatedPosts

Early Mover

Philippines SEC gives approval to Hann’s US$200 million IPO

Sun 20 Jul 2025 at 07:09
Editorial – Land of sunshine

DigiPlus warns of consequences in banning online gaming as shares suffer another big fall

Thu 17 Jul 2025 at 06:43
Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

Philippine gambling operators now required to run all advertisements by Ad Standards Council before airing under new PAGCOR MoU

Wed 16 Jul 2025 at 19:10
Don’t stop moving

Philippines central bank looking to impose daily cash, time limits on transactions for online gambling

Tue 15 Jul 2025 at 05:49
Load More
Tags: ManilaOkada ManilaPhilippinesTiger ResortUniversal Entertainment Corp
Share18Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Light & Wonder sets new US$2 billion Adjusted EBITDA target for 2028

Light & Wonder granted Gaming-Related Vendor License in UAE

by Newsdesk
Sun 20 Jul 2025 at 07:33

Light & Wonder, Inc said Friday that it has been granted a gaming-related vendor license by the General Commercial Gaming Regulatory Authority (GCGRA) of the United Arab Emirates, making it the 13th industry supplier to be granted a gaming-related vendor...

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

Hong Kong Jockey Club says racing turnover grew 3% to US$17.7 billion in 2024/25 season

by Newsdesk
Sun 20 Jul 2025 at 07:31

The Hong Kong Jockey Club has reported a return to growth for the local racing industry with total racing wagering turnover in the 2024/25 Hong Kong season rising 3.0% to HK$138.85 billion (US$17.7 billion). This compares to a 4.5% decline...

Early Mover

Philippines SEC gives approval to Hann’s US$200 million IPO

by Newsdesk
Sun 20 Jul 2025 at 07:09

The Philippines’ Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of Hann Holdings Inc – the holding company of Clark’s Hann Casino Resort. In a statement issued Friday, the SEC said it had “considered favorably” Hann’s...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners said to be eying Crown Resorts to run casino at Queen’s Wharf Brisbane if takeover talks succeed

by Ben Blaschke
Fri 18 Jul 2025 at 11:11

Star Entertainment Group’s Hong Kong partners are reportedly looking to replace Star with its local rival Crown Resorts as operator of the casino at Queen’s Wharf Brisbane should the partners complete a deal to acquire Star’s 50% stake in the...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語