Okada Manila GGR down 14.7% in Q2
Decline in the VIP segment weighed on revenue, while adjusted EBITDA fell more than 70 per cent.
The Philippines.- Tiger Resort, Leisure and Entertainment (TRLEI), the operator of Okada Manila, has shared financial results for Q2, 2026. Gross gaming revenue (GGR) was down 14.7 per cent in year-on-year terms to PHP6.06bn (US$98.2m). Adjusted segment EBITDA was down 70.8 per cent to PHP322m (US$5.4m).
VIP table games revenue was PHP1bn (US$16.3m), down 56.2 per cent in year-on-year terms. The property’s average VIP table count was 73, down from 87 a year earlier. Meanwhile, mass table games revenue was up 8.5 per cent at PHP2.20bn (US$35.8m), and gaming machine revenue was up by 2.7 per cent at PHP2.86bn (US$46.4m).
Non-gaming revenue was steady at PHP928m (US$15.1m). Property visitation increased 4.3 per cent to 1.47 million, while hotel occupancy climbed to 91.4 per cent.
Earlier this year, PhilWeb Corporation and TRLEI launched the Okada Play online gaming platform on the regulated Philippines market.
