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Okada Manila’s revenues dropped by 13 per cent in Q2 from last year
Universal Entertainment Corp (UEC), operator of Okada Manila in the Philippines, has said it will channel its efforts into growing the mass market and Okada Play; its online gaming platform, as it looks to improve revenues following a difficult quarter in the three months to 30 June 2026.
Okada Manila’s revenues dropped by 13 per cent from last year to US$191m, with Adjusted EBITDA, dropping by 62.5 per cent to US$17.4m, giving an operating loss of US$8.7m.
Universal said: “The current global economy remains in a situation where close attention must be paid to trends in inflationary pressures and the impact of monetary tightening; combined with ongoing geopolitical tensions, this has resulted in a persistently high level of uncertainty. Commodity prices are highly susceptible to the external environment, and these trends are affecting national economies. Furthermore, global economic growth is expected to continue slowing, and downside risks are a concern. In the Japanese economy, the economy continues to show a moderate recovery trend against the backdrop of improvements in the employment and income environment; however, it is necessary to remain fully vigilant regarding the impact of the situation in the Middle East and fluctuations in financial and capital markets. While signs of a recovery are evident in personal consumption and capital investment, a cautious outlook persists regarding the future, given the influence of the external environment.”
“At the integrated resort, we worked to diversify our revenue base by advancing an omnichannel strategy that integrates online and land-based operations, despite facing changes in the competitive landscape of the Philippine gaming market and the impact of macroeconomic conditions. In particular, in the online gaming sector, we partnered with PhilWeb Corporation this past May to launch Okada Play a new online platform for the Philippine market.
“This initiative aims to mitigate the impact of fluctuations in visitor numbers while strengthening our efforts to attract new customer segments. We also intensified our efforts to improve the overall profitability of the facility, including expanding non-gaming revenue through the hosting of large-scale events. Although we were significantly affected by changes in the market environment, we are steadily advancing initiatives to improve our revenue structure by promoting cost optimisation and prioritising the allocation of management resources.
“While some expenses increased in the second quarter, these include strategic investments aimed at future growth and strengthening our business foundation. Furthermore, external recognition—including winning two categories at the “Travel + Leisure Luxury Awards Asia Pacific 2026”—demonstrates steady progress in enhancing our brand value.”
