Okada Manila GGR Falls 14.7% In Second Quarter

Okada Manila generated PHP6.06 billion ($98.2 million) in casino gross gaming revenue during the second quarter of 2026. Lower VIP play drove most of the annual decline, while mass tables and gaming machines grew.

Good To Know

• Casino GGR fell 14.7 percent from the second quarter of 2025.
• Adjusted EBITDA dropped 71.1 percent to PHP333 million.
• Mass table and gaming machine revenue both increased.

VIP Decline Reshapes Revenue Mix

VIP table revenue fell 56.2 percent to just over PHP1 billion during the three months to June 30, according to a Tiger Resort, Leisure and Entertainment Inc filing.

However, local and mass gaming demand provided some support. Mass table revenue rose 8.5 percent to more than PHP2.20 billion, while gaming machine revenue increased 2.7 percent to almost PHP2.86 billion.

The result left slots as the largest gaming category at the Manila integrated resort. It also showed a wider reliance on mass market customers as VIP revenue weakened.

Adjusted segment EBITDA fell to PHP333 million from the prior year period. Non gaming revenue remained almost unchanged at PHP928 million, compared with PHP929 million one year earlier.

Okada Manila has recently targeted more domestic and overseas visitors, including customers from Japan. The resort also launched Okada Play in May through a partnership with PhilWeb Corp, adding an online gaming channel alongside the land based property.

Tiger Resort operates Okada Manila under Japanese parent company Universal Entertainment Corp, which also produces pachinko and amusement machines for Japan.

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