The Okada Manila casino resort’s October gross gaming revenue (GGR) was PHP2.68 billion ($50.6 million), according to parent company Universal Entertainment Corp. (UEC).

In a filing, UEC said the adjusted segment earnings before interest, taxes, depreciation, and amortization (EBITDA) was “an all-time high,” of PHP370.6 million ($7 million). The monthly GGR was also a record high, excluding May of this year, which UEC said had been driven by a one-time boost from junket grand openings.

The company attributed the strong showing in GGR to higher win rates in the VIP, mass market table games, and gaming machine segments. Also credited were “new contracted junkets in VIP table games and mass marketing initiatives which started in the previous quarter (July 1 to September 30 of 2018) and continuously drove the foot traffics in the mass market.”

The sharp increase in adjusted segment EBITDA came not just from the increased revenue, but from “increased proportion of higher margin mass market revenue, more favorable junket agreements and reduced fixed cost ratio,” UEC said, adding that hotel occupancy rate was 97.7% for the month.