Okada Manila Reports Q3 Revenue Slide as VIP Play Weakens

Okada Manila Reports Q3 Revenue Slide as VIP Play Weakens

Key Moments: Gross gaming revenue for the quarter reached PHP6.97 billion (US$120 million), down from PHP8.23 billion (US$141.72 million) in the prior year period VIP table revenue dropped to PHP1.46 billion (US$25.14 million), with rolling chip volume halving to PHP40.69 billion (US$699.26 million) Hotel occupancy rose slightly to 87 percent, and total property visitors increased to 1.41 million in the quarter VIP Segment Continues to Lag Okada Manila, operated by Universal Entertainment, has reported a significant downturn in its third-quarter financial performance, driven chiefly by a sharp slowdown in VIP…

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