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.
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.
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.
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.
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.