{"id":777017245,"date":"2024-07-15T09:40:41","date_gmt":"2024-07-15T12:40:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777017245"},"modified":"2026-04-22T08:10:59","modified_gmt":"2026-04-22T11:10:59","slug":"trlei-posts-gross-gaming-revenue-of-us151-3m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/trlei-posts-gross-gaming-revenue-of-us151-3m-for-q2","title":{"rendered":"TRLEI posts gross gaming revenue of US$151.3m for Q2"},"content":{"rendered":"\n<p>Gross gaming revenue was down 21.8 per cent year-on-year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Universal Entertainment Corp<\/strong> has shared the financial results of Tiger Resort, Leisure and Entertainment (TRLEI) for the second quarter of the year. The casino operator posted gross gaming revenue (GGR) of PHP8.84bn (US$151.3m).\u00a0<\/p>\n\n\n\n<p>The figure was down 21.8 per cent year-on-year but slightly higher than the PHP8.78bn (US$154m) <a href=\"https:\/\/focusgn.com\/asia-pacific\/trlei-posts-gross-gaming-revenue-of-us154m-for-q1\" target=\"_blank\" rel=\"noreferrer noopener\">recorded in the first quarter of the year<\/a>. <strong>VIP table game revenue<\/strong> was PHP2.90bn (US$49.7m), a decrease of 34.5 per cent year-on-year. <strong>Revenue from mass-market tables<\/strong> was PHP2.97bn (US$50.9m), down 3.4 per cent. <strong>Gaming machine revenue<\/strong> was PHP2.97bn (US$50.9m), down 21.8 per cent year-on-year and 8.2 per cent sequentially.<\/p>\n\n\n\n<p><strong>Non-gaming revenue <\/strong>in the second quarter was up by 9.7 per cent year-on-year and 3.4 per cent sequentially to PHP1.0bn (US$17.1m). Adjusted segment earnings before interest, taxation, depreciation, and amortisation (EBITDA) declined by 30 per cent year-on-year and 8 per cent quarter-on-quarter to PHP2.15bn (US$36.8m).<\/p>\n\n\n\n<p>Okada Manila recorded close to <strong>1.45 million visitors in the second quarter<\/strong>. That was an increase of about 25,000 when compared to the second quarter of 2023. The property recorded approximately 1.46 million visitors in the first quarter of 2024.<\/p>\n\n\n\n<p>Cumulative, GGR for the first six months of 2024 was PHP17.6bn (US$301m), down 23 per cent year-on-year. <\/p>\n\n\n\n<p>For full-year 2023,&nbsp;the casino operator reported GGR of PHP44.54bn (US$798m) from Okada Manila. The figure was up 29.7 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/okada-manila-posts-ggr-of-us137m-for-q4\" rel=\"noreferrer noopener\">when 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":"<p>Gross gaming revenue was down 21.8 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":27875,"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), operator of Okada Manila, reported a Q2 GGR of PHP8.84bn, marking a 21.8% year-on-year decline, alongside a 30% contraction in adjusted EBITDA. This performance, driven by significant decreases in VIP table and gaming machine revenues, contrasts with robust full-year 2023 growth and occurs despite a 9.7% increase in non-gaming revenue and higher visitor traffic.","focusai_entities":"Universal Entertainment Corp, Tiger Resort, Leisure and Entertainment, TRLEI, Okada Manila","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q3 GGR Outlook","query":"What are the primary drivers behind the significant year-on-year GGR decline, particularly in the VIP segment, and what is the projected outlook for Q3 2024 performance given the sequential GGR increase?"},{"label":"Non-Gaming Strategy Impact","query":"How is the growth in non-gaming revenue and overall visitor numbers impacting the integrated resort's profitability, and what strategic initiatives are planned to further diversify revenue streams amidst gaming segment contraction?"}],"footnotes":""},"categories":[163,16333],"tags":[24149],"class_list":["post-777017245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-tiger-resorts-and-leisure-and-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017245","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=777017245"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017245\/revisions"}],"predecessor-version":[{"id":777017262,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017245\/revisions\/777017262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}