• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 9 August 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 trending north with positive EBITDA in June

Newsdesk by Newsdesk
Wed 14 Jul 2021 at 14:14
Universal raises US$600 million for Okada Manila completion

Okada Manila

39
SHARES
974
VIEWS
Print Friendly, PDF & Email

Okada Manila operator Tiger Resort, Leisure and Entertainment Inc (TRLEI) reported an EBITDA loss of Php204 million (US$4.1 million) in 2Q21 but returned to profitability in June on easing COVID-19 restrictions across Manila.

After reporting an EBITDA loss of Php372 million (US$7.4 million) through April and May, Okada Manila recorded positive EBITDA of Php167 million (US$3.3 million) in June – reflecting rising GGR throughout the quarter from Php484 million (US$9.6 million) in April to Php694 million (US$13.8 million) in May and Php1.44 billion (US$28.7 million) in June. Total 2Q21 GGR was Php2.61 billion (US$52.0 million).

Casinos across Manila suspended operations in late March after Philippines President Rodrigo Duterte placed the city under the most restrictive Enhanced Community Quarantine (ECQ). Restrictions were eased to Modified ECQ (MECQ) in mid-April and again to General Community Quarantine (GCQ) in mid-May.

A total of 13 hotels across Manila, including at all four of the city’s integrated resorts, were granted permission to operate at full capacity in late May.

With business ramping back up, it was the VIP segment that led the way for Okada Manila through Q2 with GGR of Php1.51 billion (US$30.1 million) including Php837 million (US$16.7 million) in June. Mass gaming revenue for the quarter was Php526 million (US$10.5 million) and machine revenue Php528 million (US$10.5 million).

Of the 208,024 property visitors for the quarter, 154,159 were in June.

Okada Manila had reported zero revenue in the second quarter of 2020 when the city was in the midst of its original COVID-19 outbreak.

RelatedPosts

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Sat 9 Aug 2025 at 10:01
Rising tide

Byron Yip to depart as Okada Manila President and COO, replaced by Universal’s Nobuki Sato

Thu 7 Aug 2025 at 13:25
Bloomberry boss Razon reveals major concerns over Japan’s lack of IR clarity

Enrique Razon Jr named second richest person in Philippines as gaming names dominate Forbes 2025 list

Thu 7 Aug 2025 at 12:25
IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

IAG receives 276 public nominations for 2025 IAG Academy IR Awards, Official Nominees to be announced Monday

Wed 6 Aug 2025 at 13:43
Load More
Tags: EbitdaGGRgross gaming revenueOkada ManilaPhilippinesQ2Universal Entertainment Corp
Share16Share3
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

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

Related Posts

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

by Ben Blaschke
Sat 9 Aug 2025 at 10:04

Investment bank JP Morgan on Friday whacked Singapore’s Resorts World Sentosa (RWS) for what he described as a “strikingly large” gap in market share and profit share in the three months to 30 June 2025. It also noted that the...

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

by Newsdesk
Sat 9 Aug 2025 at 10:01

A group of 19 licensed online gaming operators in the Philippines have come together to form the PlaySafe Alliance of the Philippines – a unified industry association they say is committed to responsible gaming, regulatory compliance, consumer protection and combatting...

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

by Newsdesk
Fri 8 Aug 2025 at 12:56

IGT will showcase 10 new game families as well as a revamped jackpot strategy for the local ANZ market at the upcoming Australasian Gaming Expo (AGE) taking place at ICC Sydney from 12 to 14 August 2025. This will also...

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

by Ben Blaschke
Fri 8 Aug 2025 at 05:54

Wynn Macau Ltd is looking to spend up to US$750 million through the end of 2026 on a series of upgrade and expansion projects at its Macau resorts, including development of a new large-scale events center at Wynn Palace. The...

Your browser does not support the video tag.


IAG

© 2005-2025
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

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語