when compared to the previous year<\/a>. Most of this came from VIP gaming, which totalled PHP13.34 bn (US$244.96m), representing an annual growth rate of 39.66 per cent. Compared with 2019, the figure was down 32.8 per cent.<\/p>\n\n\n\nSlot machine revenue was the second largest contributor for the year at PHP11.65bn (US$213.93m), up 112.5 per cent \u200b\u200byear-on-year, surpassing 2019’s PHP10,29bn (US$188.93m) machine revenue from registered slot machines.<\/p>\n\n\n\n
Mass-market table games also saw a solid annual recovery, reaching PHP9.33bn, up 144.7 per cent year-over-year, and only down 3.2 per cent from pre-Covid-19 levels in 2019.<\/p>\n\n\n\n
Total revenue for the year reached PHP37.19bn (US$682.68m), an increase of 88 per cent year-on-year and a decrease of 12 per cent compared to 2019. Adjusted EBITDA was PHP8.61bn (US$158.03 m), up 263 per cent when compared to the previous year up 25 per cent when compared to 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gross gaming revenue was up 10 per cent quarter-on-quarter at the Okada Manila casino resort.<\/p>\n","protected":false},"author":176,"featured_media":25407,"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 robust Q4 and full-year 2022 financial results, with GGR increasing 10% quarter-on-quarter and 49.6% year-on-year for Q4, driven primarily by mass-market gaming. Full-year 2022 GGR for the casino resort was up 81.5% year-on-year, reaching PHP34.34bn, largely recovering towards pre-pandemic levels, particularly in slot machine and mass-market table game revenues. Adjusted EBITDA also saw significant year-on-year growth for both periods.","focusai_entities":"Universal Entertainment Corp, Tiger Resort, Leisure and Entertainment (TRLEI), Okada Manila","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), operator_casino (0.98), marketing_crm (0.75), investor_analyst (0.99), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Vertical Dynamics","query":"What specific operational strategies or market shifts are driving the divergent performance between Okada Manila's mass-market gaming verticals (slots, tables) and its VIP segment, and how will this influence future capital expenditure and marketing allocations?"},{"label":"Post-Pandemic Recovery Benchmarking","query":"How does Okada Manila's 2022 GGR recovery, particularly its performance relative to 2019 pre-pandemic levels across gaming verticals, benchmark against other integrated resorts in the APAC region, and what are the implications for regional market forecasts?"}],"footnotes":""},"categories":[157,16333],"tags":[8986],"class_list":["post-777001857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001857","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=777001857"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001857\/revisions"}],"predecessor-version":[{"id":777001901,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001857\/revisions\/777001901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25407"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}