Universal Entertainment Corp. has reported Okada Manila’s GGR rose 68.2 per cent when compared to the previous quarter.<\/p>\n\n\n\n\n\n\n\n
Japan.- The gaming company\u00a0Universal Entertainment Corp<\/strong>\u00a0has published its financial results for the fourth quarter of the year, reporting Okada Manila’s Gross Gambling Revenue grew 68.2 per cent quarter-on-quarter to PHP7.01bn (US$137m).<\/p>\n\n\n\n Last October, Okada Manila<\/a> signed a US$2.6bn merger agreement with 26 Capital Acquisition Corp that let the company go public in the United States.<\/p>\n\n\n\n It is expected\u00a0the merger will close in the first half of next year and it will provide the casino operator with US$275m in cash proceeds\u00a0<\/strong>that will be used for growth and other corporate purposes.<\/p>\n\n\n\n Okada Manila’s full-year GGR<\/strong>\u00a0was PHP18.92bn, up 23.4 per cent when compared to the previous year. However, the figure was below the number registered prior to the Covid-19 pandemic.<\/p>\n\n\n\n As regards VIP table game GGR <\/strong>between October to December, it was up 69.7 per cent to PHP3.77bn when compared to the previous quarter. Full-year revenue grew from PHP8.27bn to PHP9.62bn.<\/p>\n\n\n\n Mass table games revenue <\/strong>was also up from PHP848m to PHP1.34bn quarter-on-quarter while gaming machine revenue<\/strong> was PHP1.90bn, up 73.2 per cent when compared to Q3.<\/p>\n\n\n\n In 2021, mass table games revenue was PHP3.81bn, up by almost 27.1 per cent when compared to the previous year.<\/p>\n\n\n\n Full-year gaming machine revenue was just above PHP5.48bn, compared to less than PHP4.06bn registered the previous year.<\/p>\n\n\n\n As regards the number of visitors during the fourth quarter of the year, the company has reported it welcomed 761,000 visitors<\/strong>.<\/p>\n\n\n\n The capital city of Metro Manila<\/a> is going through a new wave of Covid-19 cases due to the Omicron variant.<\/p>\n\n\n\nManila casinos continue operating despite new Covid-19 countermeasures<\/h2>\n\n\n\n