• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 20 June 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 49% sequentially in June quarter

Newsdesk by Newsdesk
Fri 6 Aug 2021 at 06:16
Time to shine
35
SHARES
883
VIEWS
Print Friendly, PDF & Email

Universal Entertainment’s Philippines subsidiary, Tiger Resort Leisure and Entertainment Inc, fell to an Adjusted EBITDA loss of Php204 million (US$4.1 million) in the three months to 30 June 2021, impacted by limited casino operations at Okada Manila.

According to Universal’s 2Q21 and 1H21 financial statements, published Thursday, gross gaming revenue at Okada Manila declined 49.0% sequentially, from Php 5.12 billion (US$101.7 million) in the March quarter to just Php2.61 billion (US$51.9 million).

The decline reflected the suspension of casino operations at Okada Manila through April and part of May, with capacity limited to 30% during the second half of the quarter.

Slots felt the brunt of the pain, with GGR falling 69.6% sequentially to Php578 million (US$11.5 million). Mass table games GGR also declined by 52.2% to Php526 million (US$10.4 million) while VIP GGR fell 28.8% to Php1.51 billion (US$30.0 million).

The number of visitors fell from 572,451 in Q1 to 208,024.

Despite the decline, Okada Manila managed to record a narrowed operating loss of JPY2.02 billion (US$18.4 million) for the first half of 2021 compared with a loss of JPY5.27 billion (US$48.0 million) over the same period last year, which included the suspension of casino operations for the entire second quarter.

Universal reported a group-wide consolidated loss attributable to owners of the parent of JPY16.93 billion (US$154.2 million) for the six months to 30 June 2021, impacted by declines across all business segments.

The company’s pachinko and pachislot machine business recorded a 71.4% year-on-year decline in sales with an operating loss of JPY2.32 billion (US$21.1 million).

RelatedPosts

PAGCOR’s Alejandro Tengco

New luxury hotel with VIP gaming to be built at Manila’s Newport World Resorts as parent AGI outlines latest capital investments

Thu 19 Jun 2025 at 12:29
FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

Thu 19 Jun 2025 at 06:16
PAGCOR reduces online gaming tax rate for Philippines IR operators to 25%, others to 30%

PAGCOR launches website allowing players to check legitimacy of online gaming sites

Wed 18 Jun 2025 at 14:15
Internet casino in Tokyo’s Shinjuku shut down

Japan asks eight countries to block its citizens from gambling on online sites

Wed 18 Jun 2025 at 07:00
Load More
Tags: gross gaming revenueJapanOkada ManilapachinkoPhilippinesTiger ResortUniversal Entertainment Corp
Share14Share2
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 – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

by Newsdesk
Thu 19 Jun 2025 at 19:54

Wynn Resorts CEO Craig Billings met this week with the Chinese Ambassador to the United States, Xie Feng, to discuss topics including China’s economic development and Sino–U.S. economic and trade relations. The Chinese Embassy in the United States released details...

1xBet reviews DreamLeague Season 26 esports tournament results

1xBet reviews DreamLeague Season 26 esports tournament results

by Newsdesk
Thu 19 Jun 2025 at 12:50

From 19 May to 1 June , the prestigious Tier 1 Dota 2 tournament was held online, boasting a solid prize pool of US$1 million. It was also the last ESL event before the start of the 2025 Esports World...

PAGCOR’s Alejandro Tengco

New luxury hotel with VIP gaming to be built at Manila’s Newport World Resorts as parent AGI outlines latest capital investments

by Ben Blaschke
Thu 19 Jun 2025 at 12:29

Philippine conglomerate Alliance Global Group (AGI) has announced it will allocate approximately Php5 billion (US$87.2 million) over the next year for expansion projects under its gaming and leisure subsidiary, Travellers International. This includes the development of a new luxury hotel...

FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

by Newsdesk
Thu 19 Jun 2025 at 06:16

FBM Foundation – the charitable arm of gaming supplier FBM – celebrated World Blood Donor Day on 14 June by hosting a blood donation drive in Pasig City, Philippines, in partnership with Philippine Red Cross. The blood drive, titled “A...



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