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.

VIP table games revenue went from 790 million pisos (about US$15 million) last year to almost 2 billion pisos (about US$38 million) in August 2019, a more than a 150% increase year-on-year.

Mass table games and gaming machine revenue also showed strong growth in the month.

Total revenues in August exceeded 4 billion pisos (about US$76 million).

Last month, Universal Entertainment said that Okada Manila is opening more hotel rooms to accommodate visitors.

The property opened in December 2016 and is the largest IR in Manila’s Entertainment City district, covering 44 hectares. Universal said several rooms in the Coral Wing (Tower B) were now in operation, which should enable it to attract more customers. It didn’t specify how many rooms it had added. (AGB)