Universal Entertainment released financial figures showing that casino revenues at Okada Manila reached a record-high 2.9 billion pisos (US$55.1 million) in November, combined with a record-high EBITDA of almost 528 million pisos (US$10 million) during the same period.
The Philippine Court of Appeals has upheld a lower court ruling ordering the Philippine Amusement and Gaming Corporation (PAGCOR) to issue a license for Waterfront Philippines to operate an IR in Manila’s Entertainment City.
Philippine Amusement and Gaming Corporation (PAGCOR) chair Andrea Domingo says she expects GGR to reach 192 billion pisos (US$3.6 billion) by the end of 2018, fast approaching the level of Singapore, the second-biggest market in Asia after Macau.
Apparently as part of its policy of enhanced information disclosure as promised in a statement to the JASDAQ securities exchange last month, Universal Entertainment has publicly released a monthly report on its casino business—in other words, regarding Okada Manila in the Philippines.
One of America’s best-known business inventors and entrepreneurs, Jay Walker, has confirmed his participation as a keynote speaker to the ASEAN Gaming Summit 2019.