Okada Manila reports 36% year-on-year increase in GGR to $208 million in 2Q23

Friday, July 14, 2023 3:41 PM
  • Inside Asian Gaming

Tiger Resort, Leisure and Entertainment Inc (TRLEI), the operating entity of Philippines integrated resort Okada Manila, has reported gross gaming revenue of Php11.3 billion (US$208 million) for the three months to 30 June 2023, representing a 36.1% year-on-year increase although slightly lower than the Php11.6 billion (US$213 million) in GGR recorded in Q1.

The 2Q23 result included a 36.4% year-on-year increase in VIP table games GGR to Php4.43 billion (US$81.4 million), while mass tables grew by 40.1% to Php3.07 billion (US$56.4 million) and gaming machines by Php32.7% to Php3.80 billion (US$69.9 million).

Adjusted segment EBITDA grew by 39.9% to Php3.07 billion (US$56.4 million).