Okada Manila is continuing its story of explosive growth. Universal Entertainment Corp, the operator behind the Manila casino, has released their February gross gaming revenue numbers, and they look fantastic.
The resort brought in PHP2.38 billion ($45.2 million) in February 2019. That’s up 73% when compared year over year. It also means the casino brought in PHP6.22 billion ($120 million) for 2019 so far, better than doubling their numbers for the same period in 2018.
It unfortunately represents a decline month over month, which the operator said “was primarily due to the Chinese New Year holidays, particularly impacting VIP table games.” They had the same dip in 2018, so it appears Chinese VIPs prefer to play closer to home during their holiday season.
VIP GGR continues to show healthy increases, which is great news for the operator as it makes up a healthy share of revenue. The company brought in PHP969 million ($18.4 million) from high rollers in February, compared to PHP393 million ($7.5 million) last year.