TRLEI\u2019s gross gaming revenue was up 29.7 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0Universal Entertainment Corp<\/strong>\u00a0has shared financial results from Tiger Resort, Leisure and Entertainment (TRLEI) for Q3. The casino operator reported that gross gaming revenue (GGR) was\u00a0up 9.4 per cent quarter-on-quarter<\/a>\u00a0from PHP11.29bn (US$207.7m) to PHP12.35bn (US$217.7m). The figure was up 29.7 per cent in year-on-year terms.<\/p>\n\n\n\n VIP table game revenue made up the largest component at PHP4.42bn (US$77.95m). Mass table revenue was PHP4.1bn (US$72.29m) and gaming machine revenue PHP3.82bn (US$67.36m). Adjusted segment earnings before interest, taxation, depreciation, and amortisation (EBITDA) increased by 45.6 per cent year-on-year to PHP3.56bn (US$62.7m). This was down 16 per cent quarter-on-quarter.<\/p>\n\n\n\n Other revenue from hotel operations, food and drink services, retail and entertainment, experienced a year-on-year increase of 19.7 per cent to PHP912m.\u00a0In the first nine months of 2023, GGR increased 47.7 per cent to PHP35.2bn (US$620m)<\/strong>, while Adjusted Property EBITDA increased 72.0 per cent to PHP9.95bn (US$175m).<\/p>\n\n\n\n For full-year 2022, the casino operator reported GGR of PHP34.34bn (US$630.21m) from Okada Manila. The figure was up 81.5 per cent when compared to the previous year<\/a>. <\/p>\n\n\n\n A Delaware judge ruled that Okada Manila was not obligated to proceed with its\u00a0SPAC merger arrangement<\/a>\u00a0with 26 Capital Acquisition Corp.\u00a0The agreement\u00a0announced in October 2021<\/a>\u00a0was intended to allow Universal to combine with its Philippine subsidiary Tiger Resorts Asia and list Okada on the Nasdaq. However, Universal Entertainment called off the agreement, accusing 26 Capital of disregarding SEC laws and misleading investors.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" TRLEI\u2019s gross gaming revenue was up 29.7 per cent year-on-year.<\/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":"TRLEI, operator of Okada Manila, reported robust Q3 financial results, with GGR increasing 29.7% year-on-year to PHP12.35bn, driven by strong performance across VIP and mass gaming verticals. Adjusted Segment EBITDA also saw significant year-on-year growth. Concurrently, a Delaware judge ruled that Okada Manila was not obligated to proceed with its previously announced SPAC merger with 26 Capital Acquisition Corp, following Universal Entertainment's termination of the agreement.","focusai_entities":"Tiger Resort, Leisure and Entertainment (TRLEI), Universal Entertainment Corp, Okada Manila, 26 Capital Acquisition Corp, Tiger Resorts Asia","focusai_location":"Philippines, Delaware","focusai_target_profile":"ceo_executive (0.95), regulator (0.7), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Okada Manila Capital Strategy","query":"What are the immediate and long-term capital raising strategies for Okada Manila following the definitive termination of the 26 Capital Acquisition Corp SPAC merger?"},{"label":"Gaming Vertical Performance","query":"How does the Q3 GGR performance across VIP table, mass table, and gaming machine verticals compare to pre-pandemic levels and what are the projections for sustained growth in these segments?"}],"footnotes":""},"categories":[163,158,16333],"tags":[8986],"class_list":["post-777010083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-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\/777010083","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=777010083"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010083\/revisions"}],"predecessor-version":[{"id":777041155,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010083\/revisions\/777041155"}],"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=777010083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}