Operator News
VIP spend down as Okada Manila revenues fall by 24 per cent
By Phil - 16 April 2024
A decline in spend by VIP players saw revenues at Tiger Resort Leisure and Entertainment (TRLEI), the operating force behind Okada Manila in the Philippines, generate GGR of US$154.1m for the three months to March 31 2024, marking an overall fall of 24.1 per cent year-on-year primarily on a decline in revenue from the VIP gaming segment.
Revenue from VIP table games declined by 42.6 per cent in the first quarter to US$45.5m whilst mass table revenue fell 6.3 per cent to US$52m. The quarter also saw a 17.2 per cent drop in slot machine revenue to US$56.7m. The fall in revenue came despite footfall remaining relatively stable at 1,455,872 guests with only a slight decline down from 1,461,196 last year.
