Record December visitor and revenue figures for Okada Manila

Home » Record December visitor and revenue figures for Okada Manila

In the Philippines and local casino operator, Tiger Resort Leisure and Entertainment Incorporated, has reportedly revealed that its Okada Manila property recorded a 76% increase year-on-year in December gross gaming revenues to $91.14 million.

According to a report from Inside Asian Gaming, the Manila-listed firm used an official Wednesday filing to detail that the record result came after the 990-room integrated casino resort chalked up an all-time high 644,943 visitors for the 31-day month to take its annual tally up by 25% year-on-year to slightly over six million.

Abundant amusement:

Tiger Resort Leisure and Entertainment Incorporated is majority-owned by Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation and opened the $2.2 billion Okada Manila development complete with its 284,283 sq ft casino in December of 2016. Located in the Entertainment City district of Manila, the 110-acre venue also features some 14 restaurants, a 50-unit retail element and an indoor beach as well as The Fountain water and light show attraction.

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Annual achievement:

Inside Asian Gaming reported that the December figure means that Okada Manila experienced a 46.2% swell year-on-year in gross gaming revenues for the twelve months to the end of December to $783.14 million thanks to growth across all segments. It detailed that the property had seen its VIP rolling chip volume for last month skyrocket by 62.2% to reach $1.29 billion while an elevated 4.15% rate produced associated win that was 152.4% higher at $53.74 million.

Slot success:

However, it was not all about the high rollers as Inside Asian Gaming reported that the Philippines venue had furthermore experienced a 6.3% improvement in December mass-market table drop to $34.83 million to produce win of $18.97 million while its slot handle for the month surged by 27.1% to hit almost $322.31 million and led to $18.37 million in win.

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All-time returns:

Finally, the filing disclosed that Okada Manila had additionally chronicled a 127% boost year-on-year in adjusted segment earnings before interest, tax, depreciation and amortization for December to a record $20.46 million.

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