Philippines casino generated gross gaming revenue (GGR) of just over PHP39.79 billion (US$784.5 million) in\u00a02019<\/p>\n\n\n\n\n\n\n\n
Philippines.- Okada Manila<\/a><\/em><\/strong> had a great end in 2019 with the company reporting a 29% increase in gross gaming revenue (GGR) to Php3.76 billion (\u20ac66.8 million) in November<\/a><\/em><\/strong>. December was even better, rounding off the year with a 46 per cent increase over 2019.<\/p>\n\n\n\n According to a company report published last Tuesday, the casino resort in the Philippines generated gross gaming revenue (GGR) of just over PHP39.79 billion (US$784.5 million) in\u00a02019, 46.2% up on 2018. Much of this was attributed to an increase in VIP revenue, which came in 56.9% higher than the previous year.<\/p>\n\n\n\n December was a great month for the resort which generated US$100 million in revenues, a 76 percent increase on the same period in 2018. This was because of greater footfall in December, with almost 650,000 visitors.<\/p>\n\n\n\n Union Gaming analyst, and gaming specialist, John DeCree explained how the company was able to drive such high revenue increases in November and December.<\/p>\n\n\n\n \u201cThe better-than-expected results in mass were a function of management pausing room work in Tower B in order to maximize revenue during the peak holiday season. This is encouraging as it helps prove the hotel room thesis as a revenue driver for the mass segment. Philippines casino generated gross gaming revenue (GGR) of just over PHP39.79 billion (US$784.5 million) in\u00a02019<\/p>\n","protected":false},"author":2,"featured_media":2418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Okada Manila reported a 46.2% year-on-year increase in Gross Gaming Revenue (GGR) to PHP39.79 billion (US$784.5 million) for 2019, significantly driven by a 56.9% rise in VIP revenue. The integrated resort experienced exceptional performance in November and December, with a strategic decision to pause room renovations maximizing mass market revenue during the peak holiday season.","focusai_entities":"Okada Manila, Union Gaming, John DeCree","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Sustainability","query":"What specific market conditions or high-roller acquisition strategies contributed to the 56.9% increase in VIP revenue for Okada Manila in 2019, and what is the projected sustainability of this growth trajectory?"},{"label":"Mass Market Strategy","query":"How does Okada Manila's strategy of pausing room renovations to maximize mass market revenue during peak seasons align with its long-term property development and customer experience objectives, and what is the quantifiable impact on average daily rates (ADR) and occupancy?"}],"footnotes":""},"categories":[160,28,158,16333],"tags":[128,2131,2054],"class_list":["post-2383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-slider-home","category-south-east-asia-news","tag-philippines","tag-resort","tag-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2383"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2383\/revisions"}],"predecessor-version":[{"id":2426,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2383\/revisions\/2426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2418"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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