Declines across VIP and mass segments weighed on revenue, while EBITDA fell sharply amid softer gaming volumes.
The Philippines.- Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila, has shared financial results for Q1, 2026. Gross gaming revenue (GGR) was down 17.2 per cent in year-on-year terms to PHP6.47bn (US$108.1m). In quarter-on-quarter terms, GGR was up by 9.4 per cent.
Okada Manila saw 1.41 million visitors, compared to 1.40 million in Q1, 2025. VIP table games revenue was PHP1.44bn (US$24m), down 19 per cent in year-on-year terms. Mass table games revenue was down 24.2 per cent at PHP2.30bn (US$38.5m), and gaming machine revenue was down by 8.9 per cent at PHP2.73bn (US$45.6m).
Non-gaming revenue increased by 0.3 per cent year-on-year to PHP944m (US$15.8m). Adjusted segmental earnings before interest, taxation, depreciation and amortisation (EBITDA) stood at PHP830m (US$13.9m), down 53.3 per cent year-on-year.
Declines across VIP and mass segments weighed on revenue, while EBITDA fell sharply amid softer gaming volumes. The Philippines.- Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila, has shared financial results for Q1, 2026. Gross gaming revenue (GGR) was down 17.2 per cent in year-on-year terms to PHP6.47bn (US$108.1m). In quarter-on-quarter terms,…
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