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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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Sands Highlights Local Support Program

Sands China is highlighting its support for Macau’s local business community with a roadshow for two small-to-medium sized enterprises.

Fears of the Pachinko Industry Apocalypse on the Rise

Televised comments by Chief Cabinet Secretary Yoshihide Suga, the second most powerful man in the country, suggesting that pachinko is effectively a form of gambling and that it has already created major, untreated gambling addiction problems, has sent shivers through the already struggling pachinko industry.

Australia Resorts Upgrading to Woo Asia Tourists

Australia’s integrated resorts have been upgrading their facilities to capture a greater proportion of the expanding China outbound tourism market, as competition around Asia grows.

EY Wins Yokohama IR Consulting Contract

Ernst & Young ShinNihon has won another consulting contract with the Yokohama municipal government for the project titled “Investigation of New Strategic Urban Development Such as an Integrated Resort.”

Mombetsu Racecourse Disrupted by Hokkaido Earthquake

Mombetsu Racecourse, one of the three National Association of Racing tracks in Hokkaido, was significantly damaged in the September 6 earthquake, with care of its roughly 800 racehorses a particular area of concern.