Tiger Resort Sees 13% Gaming Revenue Decline in December

Universal Entertainment has reported to the JASDAQ Securities Exchange a month-to-month 13% decline in gaming revenue from its unit Tiger Resort Leisure & Entertainment, the operating firm for Okada Manila.

Tiger Resort posted gross gaming revenue of 2.5 billion Philippine pesos (about US$48 million), which was about 13% lower than the previous month.

The company statement said, “Gross gaming revenue for December decreased by lower win rates in all of the gaming segments of VIP, mass table games, and gaming machines, although volumes in VIP rolling, mass table drop and gaming machine handle increased month to month respectively.”

Otherwise, however, the news was positive. The non-gaming revenue figure of 299 million pesos (about US$5.8 million) was a record high as the holiday season brought in many visitors to the property. Hotel occupancy was at 97.7%.

Last October Universal announced its intention to upgrade its information disclosure, and since that time it has been releasing monthly results on its casino business. In November and December these results were released in the name of “Okada Manila,” but this time they began using the name “Tiger Resort,” the operating company. (AGB Nippon)