Okada Manila’s mass-market growth offsets VIP weakness
Mass-market table revenue rose 19.7 per cent in the third quarter, while VIP weakness continued to weigh on nine-month results.
The Philippines.- Okada Manila recorded a 0.9 per cent year-on-year increase in casino gross gaming revenue (GGR) in the third quarter of 2026, as stronger mass-market table games performance offset declines in VIP gaming and gaming machines.
According to the figures disclosed by Japan’s Universal Entertainment Corp, parent of Tiger Resort, Leisure and Entertainment Inc (TRLEI), mass-market table games revenue reached PHP3.01bn (US$47.8m) in the July to September period, up 19.7 per cent from PHP2.51bn a year earlier. The performance was supported by a 5.4 per cent increase in mass table drop, which rose to PHP9.01bn (US$143m), alongside an improved live mass table win rate of 32.2 per cent compared with 28.4 per cent in the third quarter of 2025.
In contrast, VIP table games revenue declined 21.4 per cent year-on-year to PHP1.15bn (US$18m). VIP rolling chip volume fell 27.7 per cent. Gaming machine revenue came in at PHP2.88bn (US$45.8m), down 4.0 per cent year-on-year, despite a 5.6 per cent increase in handle. The gaming machine win rate dropped to 5.1 per cent from 5.7 per cent.
Non-gaming revenue, covering hotel, food and beverage, retail, and entertainment operations, fell 6.9 per cent year-on-year to PHP804m (US$12.7m) despite hotel occupancy climbing to 95 per cent compared to 86.9 per cent in the same period last year. Total property visitation reached approximately 1.45 million visitors, up 11.8 per cent from 1.30 million in the third quarter of 2025.
