Okada Manila April Gaming Revenue Gains 26%

Tiger Resort, Leisure & Entertainment, the company that operates Okada Manila, said the integrated resort generated a 26% gain in gross gaming revenue in April.

The company took in total revenues of 2.48 billion pisos (about US$47.1 million). Revenue from other sources jumped by 61% to 187 million pisos (about US$3.6 million), while adjusted EBITDA gained 226% to 314 million pisos (about US$6 million).

Okada Manila is the largest IR in Manila’s Entertainment City and was the most recent to open. It has been gradually rolling out facilities, with its results ramping up in tandem.

As of April 2019, the group was operating 1,673 VIP gaming tables compared with 929 the same time last year. Mass tables totaled 714, up from 476, while gaming machines rose to 911 from 565.

Tiger Resorts’ parent company, Universal Entertainment, releases monthly revenue figures. (AGB)