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Okada Manila Earnings Margin Improving

Okada Manila’s EBITDA margin appears to be improving on operational changes, table pricing and an improvement in non-gaming amenities, Union Gaming wrote in a note.

Okada Gaming Revenue Jumps 29.5%

Okada Manila saw gross gaming revenue (GGR) rise 29.5% in September, with strong gains from both the VIP and mass market segment.

Philippines Looking to Expand Cruise Tourism Industry

The Philippines, which is home to more than 7,600 islands, is aiming to ramp up its cruise tourism industry.

Okada Manila August Revenue Up on VIP Growth

Universal Entertainment has announced that Okada Manila saw a substantial rise in gross gaming revenue in August 2019, driven by a boost in its VIP business.

Okada Manila Opens New Rooms as July Revenue Jumps

Universal Entertainment said Okada Manila is opening more hotel rooms to accommodate visitors as its July revenue spiked 48% from the prior year.

Universal Debuts Slot Innovations Including Multi-Currency

Japan’s Universal Entertainment announced it has introduced two major innovations for slot machines, including a multi-currency option, with both being deployed at its Okada Manila property in the Philippines.

Okada Manila Gaming Revenues Up 26% in June

Okada Manila saw a 26% year-on-year increase in gross gaming revenue for the month of June, reaching 3 billion pisos (about US$60 million).

Okada Manila VIP Revenue Falls 37.7% in May

Philippines IR Okada Manila saw gross gaming revenue fall 6.7% year-on-year in May, due mainly to a sharp fall in VIP table game revenue.

Melco Philippines Delists from Stock Exchange

Melco Resorts and Entertainment Philippines is set to automatically delist from the Philippine Stock exchange today after falling below the minimum threshold of public ownership for more than six months.

Kazuo Okada Fires Back Against Tiger Resort Officials

Embattled gaming mogul Kazuo Okada has fired back against officials of Tiger Resort Leisure and Entertainment Inc., accusing them of conspiring to remove him from his own company, local media reports.

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Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.