Okada Manila sees significant revenue decline in Q4 2025

In November 2025, the parent firm, Universal Entertainment revised its 2025 forecast downward, from its previously expected JPY800m.

The Philippines.- Philippines-based casino resort, Okada Manila, has released its financial results for Q4 2025, revealing a gross gaming revenue of nearly PHP5.93bn (US$99.7m). The figure marks an 88.5 per cent decrease compared to Q4 2024. In the period, the property reported adjusted segmental EBITDA of PHP238m (US$3.99m), an 88.5 per cent decline from the PHP2.07bn (US$34.79m) recorded in the same period last year.

VIP revenue was also down 78.9 per cent year-on-year to PHP667m (US$11.2m) in the fourth quarter, while mass-market table revenue fell 10.8 per cent year-on-year to PHP2.28bn (US$38.3m). Revenue from Okada Manila’s gaming machines reached PHP2.98bn, an 8.8 per cent drop from a year ago. In the three months to December 31, non-gaming revenue totaled PHP1.14bn (US$19.17m), declining by 5.3 per cent year-on-year.

In 2025, the property’s total GGR stood at PHP27.81bn (US$467.5m), down 20.1 per cent, while adjusted segmental EBITDA dropped 44 per cent to PHP4.27bn (US$71.7m). The figures were disclosed in a Wednesday filing by Tiger Resort, Leisure and Entertainment Inc., Okada Manila’s promoter and a subsidiary of Japan’s Universal Entertainment Corp.

The parent firm, Universal Entertainment, had expected the 2025 decline. In November, the company revised its 2025 forecast downward, from its previously expected JPY800m (US$5.04m) profit, citing VIP struggles at Okada Manila, and slower amusement machine sales.

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In November 2025, the parent firm, Universal Entertainment revised its 2025 forecast downward, from its previously expected JPY800m. The Philippines.- Philippines-based casino resort, Okada Manila, has released its financial results…