TRLEI posts a drop in gross gaming revenue for Q1

TRLEI’s gross gaming revenue was down 11 per cent year-on-year. 

The Philippines.- Universal Entertainment Corp has shared financial results from Tiger Resort, Leisure and Entertainment (TRLEI) for Q1, 2025. The casino operator reported that gross gaming revenue (GGR) was down 11 per cent in year-on-year terms, from PHP8.78bn (US$154m) to PHP7.8bn (US$136.8m). In quarter-on-quarter terms, GGR was down by 13 per cent.

VIP rolling chip volume was PHP53.07bn (US$930.26m). That’s a decrease of 43 per cent in year-on-year terms and 30.97 per cent quarter-on-quarter. Revenue from the VIP segment was PHP1.77bn (US$31.08m), down by 31.4 per cent in year-on-year terms and 43.8 per cent quarter-to-quarter.

Revenue from mass-market tables was PHP3.04bn (US$53.28m), up 19.2 per cent from the previous quarter and up 3.05 per cent in year-on-year terms. Gaming machine revenue was PHP2.99bn (US$52.44m), down 8.28 per cent quarter-on-quarter and down 7.43 per cent year-on-year.

Non-gaming revenue fell by 21.84 per cent sequentially and 3.1 per cent year-on-year to PHP941m (US$16.49m). Adjusted segment earnings before interest, taxation, depreciation, and amortisation (EBITDA) decreased by 24 per cent year-on-year and 15.3 per cent quarter-on-quarter to PHP1.77bn (US$31.16m). Hotel occupancy rate was 82.9 per cent, compared to 83.2 per cent in the first quarter of 2024 and 84 per cent in the last quarter of 2024.

Universal Entertainment announces new management structure

Universal Entertainment announced a new management structure with a board and 12 executive officers after its annual shareholder meeting on March 27. The change is intended to “reduce the excessive concentration of authority and to facilitate speedier decision making.”

Shareholders appointed four directors and one board member for audit and supervisory matters. Three directors were reappointed: Tomohiro Okada, who is also the president of Universal Entertainment; Masayoshi Miyanaga; and Hiroshi Miyauchi. The new director, Yoshiyuki Shouji, will oversee overseas business operations as well as legal and intellectual property matters. Shareholders also approved Kuninobu Okuda as a full-time audit and supervisory board member.