TRLEI\u2019s gross gaming revenue was down 3.7 per cent year-on-year. <\/p>\n\n\n\n\n\n\n\n
The Philippines.- Universal Entertainment Corp<\/a> has shared financial results from Tiger Resort, Leisure and Entertainment (TRLEI)<\/strong> for Q4, 2024. The casino operator reported that gross gaming revenue (GGR) was down 3.7 per cent compared to the same period in 2023<\/a>, from PHP9.32bn (US$166.8m) to PHP8.98bn (US$153.1m). GGR from October, November and December 2024, was, however, 9.1 per cent higher compared to the PHP8.23bn generated in the prior quarter (July- September, 2024).\u00a0<\/p>\n\n\n\n Q4 report shows GGR from the VIP table games segment <\/strong>fell by 9.4 per cent year-on-year to PHP3.15bn (US$53.6m), though revenue from mass table games<\/strong> showed a slight improvement year-on-year, reaching PHP2.56bn (US$43.6m). Meanwhile, gaming machine<\/strong> revenue dropped to PHP3.27bn (US$55.7m) year-on-year.<\/p>\n\n\n\n Adjusted segment EBITDA saw a 10.2 per cent decrease compared to the same period in 2023 but more than doubled from the previous quarter to PHP2.10bn (US$35.7m).<\/p>\n\n\n\n Universal Entertainment unit Tiger Resort, Leisure and Entertainment Inc (TRLEI) operates Okada Manila<\/strong>, which reported revenue of PHP34.8bn (US$592m) for 2024, down 21.8 per cent year-on-year. TRLEI said there were more than 1.71 million visitors to Okada Manila in Q4 compared with just over 1.60 million a year earlier.<\/p>\n\n\n\n TRLEI\u2019s gross gaming revenue was down 3.7 per cent year-on-year. <\/p>\n","protected":false},"author":226,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment Corp's subsidiary, TRLEI, reported a 3.7% year-on-year decline in Q4 2024 GGR for Okada Manila, reaching PHP8.98bn, despite a 9.1% sequential increase. While VIP table games and gaming machine revenues decreased, mass table games showed slight improvement. Adjusted segment EBITDA also saw a 10.2% year-on-year decrease but more than doubled quarter-on-quarter, with full-year 2024 revenue for Okada Manila down 21.8% year-on-year.","focusai_entities":"Universal Entertainment Corp, Tiger Resort, Leisure and Entertainment (TRLEI), Okada Manila","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Q1 GGR Outlook?","query":"What are the key drivers anticipated to influence Okada Manila's GGR performance in Q1 2025, particularly concerning the divergent trends in VIP versus mass market segments?"},{"label":"EBITDA Margin Analysis?","query":"Given the significant quarter-on-quarter increase in Adjusted Segment EBITDA despite a year-on-year decline, what operational efficiencies or cost management strategies were implemented by TRLEI in Q4 2024?"}],"footnotes":""},"categories":[163,16333],"tags":[8986,24605],"class_list":["post-777022033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-okada-manila","tag-trlei"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022033","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777022033"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022033\/revisions"}],"predecessor-version":[{"id":777022039,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022033\/revisions\/777022039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"