Okada Manila improves GGR figures

Gross gambling revenue (GGR) from September at Okada Manila experienced a 29.5% year-on-year increase.

Philippines.- Universal Entertainment, parent company of Okada Manila, has reported that gross gambling revenue (GGR) at the casino increased 29.5% in September. VIP and mass market helped the facility achieve these results.

Universal Ent said that total GGR was €55.4 million, which is a 19.5% increase from the €42.6 million that it had registered during the same period a year before. VIP table games revenue rose 19.6% to €25.9 million and mass table revenue improved 50% to €9.7 million.

Moreover, VIP win rate was 2.85%, which is a slight difference from the 3.68% from 2018. Mass win increased to 48.7% from 35.2%, Universal Ent detailed in its monthly report. The company’s adjusted EBITDA totalled €9.71 million, up from the €2.84 million in 2018. Year-to-date results show that the casino’s GGR reached the €520 million figure.

August results

The Philippine property registered GGR of €66.9 million in August. That figure represents a 72% year-on-year increase, Universal Ent said. Adjusted EBITDA at Okada Manila totalled €13.1 million, which is an impressive 254% increase when compared to the same period last year.

The increase in GGR was driven by a hike in mass-market volumes and high VIP win rate. VIP table games revenue at Okada Manila was €34.8 million, up from the €13.7 million generated in August 2018. This represents a 150% year-on-year increase.