Okada Manila saw strong growth in its mass table games segment during the first quarter of 2025, but its overall gaming revenue was weighed down by a decline in VIP performance. According to the latest financial data from Universal Entertainment Corp, the integrated resort recorded a year-on-year increase in mass table drop and revenue. This solid uptick demonstrates steady interest and engagement from casual and mid-level players, signaling a healthy domestic and tourist-driven market.
However, despite the surge in mass market activity, the VIP sector experienced a sharp downturn, pulling down total revenue figures. VIP table games dropped significantly, with turnover falling from PHP 64.26 billion in Q1 2024 to just PHP 39.15 billion in Q1 2025. Correspondingly, VIP win fell by 53.5%, amounting to only PHP 1.53 billion, compared to PHP 3.29 billion during the same period last year. This decline highlights the ongoing volatility of the high-roller segment and its heavy reliance on junket operations, which remain under pressure from regulatory scrutiny and regional shifts in player behavior.
On the other hand, mass table performance continued to shine. The mass table drop increased by 7.6% year-on-year, reaching PHP 9.71 billion. Revenue from this segment grew by 4.5%, coming in at PHP 2.63 billion. Electronic gaming machines (EGMs) also contributed positively, with coin-in rising to PHP 89.15 billion, up from PHP 86.69 billion in the first quarter of 2024. EGM revenue slightly improved by 1.1% year-on-year, generating PHP 4.43 billion.
While these numbers paint a mixed picture, they also underline the diversification of Okada Manila’s gaming portfolio. As the property leans more into stable, volume-driven segments like mass and electronic gaming, it builds resilience against VIP volatility. Additionally, the Q1 2025 results reflect a broader shift in player demographics and preferences across Philippine integrated resorts.
Okada Manila, a key player in the Entertainment City zone in Metro Manila, remains one of the flagship casino destinations under Universal Entertainment’s portfolio. Despite the challenges faced in the VIP space, its ongoing appeal to mass market and electronic gaming audiences suggests a strategic pivot that may benefit the property in the long term. Analysts note that maintaining this momentum in the non-VIP segments will be crucial to sustaining growth amid an evolving regulatory and competitive landscape.
