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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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City of Parañaque Grants Approval for New Landing IR

Landing International Development Ltd. has announced it has been granted approval from the city council for a new integrated resort in the City of Parañaque, Philippines.

Suncity Forms Japan Consortium, Eyes Local Gaming in Vietnam

Suncity Group, Macau’s leading junket operator, has formed a consortium in Japan to study a potential license bid there, executive director Andrew Ho said in an interview.

Lawrence Ho: Japan IR Revenues Unlikely to Reach Macau Levels

Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a 10 billion USD plus resort” in either the Kansai or Kanto regions of the country.

Macau MICE Participation Rises in 2018Q1

Macau’s 2018Q1 MICE statistics showed the gaming hub hosted few events, but the larger exhibitions and conferences drove total participation up by 31.5 percent.

Goa Tax Authorities Demand Service Tax on License Fee

The intelligence arm of Goa’s tax department has served notices to ten casinos in Goa, demanding they pay a service tax on their license fees, local media reports.