Okada Manila GGR down 15% in Q3

The operator has reported casino gross gaming revenue of PHP6.98bn (US$119.9m) for the third quarter of the year.

The Philippines.- Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila, has shared financial results for Q3, 2025. Gross gaming revenue (GGR) was down 15 per cent in year-on-year terms to PHP6.98bn (US$119.9m). In quarter-on-quarter terms, GGR was down by 1.8 per cent.

VIP revenue was PHP4.46bn (US$25.14m). That’s a decrease of 40.8 per cent in year-on-year terms. Gaming machine revenue was down by 9.2 per cent at PHP3bn (US$51.56m). Revenue from mass-market tables in the July to September period was PHP2.5bn (US$43m), up 2.3 per cent from a year earlier. 

Non-gaming revenue fell by 7.4 per cent to PHP864m. Adjusted segment earnings before interest, taxation, depreciation, and amortisation (EBITDA) rose 2 per cent to PHP1.11bn. During the second quarter, Okada Manila saw 1.3 million visitors, compared to 1.4 million in Q3, 2024.

For the first nine months of 2025, GGR at Okada Manila stood at PHP21.88bn, down 15.3 per cent from the previous year. Adjusted segmental EBITDA stood at PHP4.04bn, down 27 per cent.

TRLEI recently announced a change in leadership for the casino with president and chief operating officer Byron Yip stepping after seven years. Nobuki Sato, previously senior executive officer and chief financial officer of Universal Entertainment Corporation (UEC), assumed the role on September 15.

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The operator has reported casino gross gaming revenue of PHP6.98bn (US$119.9m) for the third quarter of the year. The Philippines.- Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada…