(AsiaGameHub) – Okada Manila reported a 17% decline in first-quarter gaming revenue compared to the same period last year, as parent company Universal Entertainment Corp highlighted ongoing challenges in the Philippine casino market.
Key Facts
- Okada Manila’s Q1 casino GGR fell 17.2% year-on-year to approximately PHP6.47 billion.
- VIP revenue dropped by 19% due to a lower win rate.
- Tiger Resort and PhilWeb have introduced the Okada Play online gaming platform.
Okada Manila is now prioritizing its online gaming strategy. Universal Entertainment noted that rising travel costs—partly linked to the Middle East situation—have made it more difficult for certain guests to visit the resort in person, prompting a greater focus on expanding Philippine online gaming services.
This announcement followed PhilWeb Corp’s confirmation of the launch of Okada Play in collaboration with Tiger Resort, Leisure and Entertainment Inc., a subsidiary of Universal Entertainment that operates Okada Manila.
First Quarter Hit by VIP Weakness and Rising Costs
In the first three months of 2026, Okada Manila generated casino GGR of nearly PHP6.47 billion (about $108.1 million), marking a 17.2% decrease from the previous year, although it increased by 9.1% compared to the fourth quarter of 2025.
Universal Entertainment stated:
“We recognise that the gaming market in Entertainment City, Manila, Philippines, remains in a period of adjustment,”
“Partly due to the situation in the Middle East, the market as a whole continues to contract.”
VIP revenue declined by 19% year-on-year to around PHP1.44 billion, with Universal Entertainment attributing the drop to a lower win rate. Mass-market table revenue fell 24.2% to PHP2.30 billion, while gaming machine revenue decreased 8.9% to PHP2.73 billion.
Competitive pressures to attract mass-market players have also intensified, driving up customer acquisition costs, according to Universal Entertainment:
“Against the backdrop of structural changes in the VIP market, fierce competition with rivals to acquire mass-market customers continues, driving up customer acquisition costs,”
Despite these headwinds, the integrated resort segment remained profitable. Universal credited improved performance to lower fixed costs, reduced selling, general and administrative expenses, decreased depreciation following an asset revaluation in the prior fiscal year, and modifications to the Okada Manila loyalty programme.
The company anticipates increased competition in Philippine gaming throughout 2026 and warned that the impact from the Middle East situation may extend beyond the second quarter. As a result, growth in online casino operations is expected to become a more critical growth avenue for Okada Manila this year.
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