{"id":29025,"date":"2022-04-18T09:30:16","date_gmt":"2022-04-18T12:30:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29025"},"modified":"2026-04-23T09:33:21","modified_gmt":"2026-04-23T12:33:21","slug":"okada-manila-allowed-to-offer-online-gaming-for-philippine-customers","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/okada-manila-allowed-to-offer-online-gaming-for-philippine-customers","title":{"rendered":"Okada Manila allowed to offer online gaming for Philippine customers"},"content":{"rendered":"\n

PAGCOR has allowed the casino operator to offer live online table games and slots for the Philippine market.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The gaming company\u00a0Universal Entertainment Corp<\/strong>\u00a0has confirmed that Okada Manila has soft launched online gaming for domestic clients from mid-April. It said it has received approval from the Philippine Amusement and Gaming Corp (PAGCOR)\u00a0<\/strong>to operate eight online live dealer tables (six baccarat and two roulette) and 80 online electronic games. <\/p>\n\n\n\n

The\u00a0PIGO\u00a0<\/strong>(Philippine Inland Gaming Operator) system that\u00a0allows operators to offer gaming services<\/a>\u00a0to players within the country was announced in late 2020 to help the industry after the impact of the Covid-19 pandemic. Tiger Resort Leisure and Entertainment<\/strong>\u2018s\u00a0Okada Manila Resort<\/a>\u00a0became the first casino in Manila\u2019s\u00a0Entertainment City<\/strong>\u00a0to gain approval from PAGCOR.<\/p>\n\n\n\n

The company says it successfully completed a period of simulation tests for the collection of casino taxes and licencing fees, anti-money laundering and other systems. It expects Okada to be allowed to run 16 live online gaming tables<\/strong> \u2013 14 baccarat and two roulette \u2013and 150 machines by the end of April.<\/p>\n\n\n\n

Okada Manila posts GGR of US$115.7m for Q1<\/h2>\n\n\n\n

In its financial results for the first quarter, Universal Entertainment Corp<\/strong>\u00a0reported that Okada Manila\u2019s\u00a0gross gambling revenue declined 14.1 per cent<\/strong>\u00a0quarter-on-quarter to PHP6.02bn (US$115.7m).<\/p>\n\n\n\n

The first-quarter results came after two consecutive quarters of consecutive GGR<\/a> growth for the property. For the three months ended March 31, GGR from VIP table games was PHP2.54bn, down 32.6 per cent month-on-month. Mass table gaming revenue was PHP1.53bn, compared to PHP1.34bn in the previous quarter, while gaming revenue was about PHP1.95bn, up 2.6 per cent sequentially.<\/p>\n\n\n\n

Okada Manila also reported PHP356m in other revenue, including hotel and retail revenue. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was slightly over PHP1.15bn, down 16.1 per cent from the fourth quarter of 2021 but up 66.3 per cent year-on-year.<\/p>\n\n\n\n

Okada Manila\u2019s full-year GGR<\/strong> for 2021 was PHP18.92bn, up 23.4 per cent when compared to the previous year but still down against pre-Covid-19 numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"

PAGCOR has allowed the casino operator to offer live online table games and slots for the Philippine market.<\/p>\n","protected":false},"author":176,"featured_media":16973,"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 has soft-launched domestic online gaming in the Philippines, offering live dealer tables and slots under PAGCOR's PIGO system. This strategic expansion aims to diversify revenue streams post-pandemic, despite a Q1 GGR decline to US$115.7m, marking a shift in the property's operational model and market reach.","focusai_entities":"Universal Entertainment Corp, Okada Manila, Philippine Amusement and Gaming Corp (PAGCOR), Tiger Resort Leisure and Entertainment","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.95), operator_casino (0.95), product_ux (0.75), tech_data (0.85), marketing_crm (0.8), payments_fraud_aml (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PIGO System Impact?","query":"What are the projected incremental GGR contributions from Okada Manila's PIGO operations, and how will this impact the broader Philippine domestic online gaming market's competitive landscape?"},{"label":"Regulatory Compliance Challenges?","query":"Beyond initial approval, what ongoing regulatory compliance and governance frameworks will PAGCOR enforce for PIGO operators, particularly concerning responsible gambling and AML protocols?"}],"footnotes":""},"categories":[157,158,16333],"tags":[8986],"class_list":["post-29025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29025","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29025"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29025\/revisions"}],"predecessor-version":[{"id":29037,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29025\/revisions\/29037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16973"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}