{"id":777014758,"date":"2024-04-16T09:43:48","date_gmt":"2024-04-16T12:43:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014758"},"modified":"2026-04-22T11:07:39","modified_gmt":"2026-04-22T14:07:39","slug":"trlei-posts-gross-gaming-revenue-of-us154m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/trlei-posts-gross-gaming-revenue-of-us154m-for-q1","title":{"rendered":"TRLEI posts gross gaming revenue of US$154m for Q1"},"content":{"rendered":"\n

Gross gaming revenue was down 5.8 per cent quarter-on-quarter.<\/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 the first quarter of 2024.\u00a0The casino operator reported that gross gaming revenue (GGR) was\u00a0down 5.8 per cent quarter-on-quarter<\/a>\u00a0and 24.1 per cent year-on-year at PHP8.78bn (US$154m). <\/p>\n\n\n\n

VIP table game revenue was PHP2.59bn (US$45.5m), a decrease of 25.7 per cent quarter-on-quarter and 42.6 per cent year-on-year. Revenue from mass-market tables was PHP2.96bn (US$52m), up 16.9 per cent from the previous quarter but down 6.3 per cent in year-on-year terms. Gaming machine revenue was PHP3.23bn (US$56.7m), down 2.4 per cent quarter-on-quarter and down 17.2 per cent year-on-year.<\/p>\n\n\n\n

Non-gaming revenue in the first quarter fell by 6 per cent sequentially and 6.5 per cent year-on-year to PHP971m. Adjusted segment earnings before interest, taxation, depreciation, and amortisation (EBITDA) increased by 29.9 per cent year-on-year and 2.5 per cent quarter-on-quarter to PHP2.33bn (US$40.9m). <\/p>\n\n\n\n

For full-year 2023,\u00a0the casino operator reported GGR of PHP44.54bn (US$798m) from Okada Manila. The figure was up 29.7 per cent\u00a0when compared to the previous year<\/a>. Non-gaming revenue was up 36.3 per cent year-on-year, to just below PHP3.90bn (US$69.9m).<\/p>\n","protected":false},"excerpt":{"rendered":"

Gross gaming revenue was down 5.8 per cent quarter-on-quarter.<\/p>\n","protected":false},"author":176,"featured_media":777009898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tiger Resort, Leisure and Entertainment (TRLEI) reported Q1 2024 gross gaming revenue (GGR) for Okada Manila at PHP8.78bn, marking a 5.8% quarter-on-quarter and 24.1% year-on-year decrease, primarily due to a significant decline in VIP table game revenue. Despite the GGR contraction, adjusted EBITDA increased by 2.5% sequentially and 29.9% year-on-year to PHP2.33bn, indicating enhanced operational efficiency. Full-year 2023 GGR for Okada Manila was PHP44.54bn, up 29.7% year-on-year.","focusai_entities":"Universal Entertainment Corp, Tiger Resort, Leisure and Entertainment (TRLEI), Okada Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"EBITDA Growth Drivers","query":"What specific operational efficiencies or cost management initiatives contributed to the year-on-year and quarter-on-quarter adjusted EBITDA growth despite the significant decline in gross gaming revenue?"},{"label":"VIP Market Strategy","query":"Given the substantial year-on-year decline in VIP table game revenue, what strategic adjustments are being implemented to mitigate this segment's underperformance and rebalance the revenue mix towards more stable mass-market verticals?"}],"footnotes":""},"categories":[163,16333],"tags":[8986],"class_list":["post-777014758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014758","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=777014758"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014758\/revisions"}],"predecessor-version":[{"id":777014791,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014758\/revisions\/777014791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009898"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}