Q3: Universal Entertainment’s TRLEI GGR up 141% year-on-year
Operator of the Okada Manila casino and resort, Tiger Resorts Leisure and Entertainment (TRLEI), has generated PHP 10.2bn ($181.8m) in GGR for Q3 2022, up 141% year-on-year.
A subsidiary of Universal Entertainment, TRLEI has made PHP 25.6bn for the first nine months of 2022, an increase on the PHP 12.2bn reported in the prior-year period.
The casino operator’s adjusted segment EBITDA was also up markedly, from PHP 443m in Q3 2021 to PHP 2.4bn in Q3 2022.
Of the Okada Manila’s gaming segments, GGR from VIP table games generated PHP 3.96bn for Q3, the highest of any segment.
Revenue from gaming machines also exceeded PHP 3bn at PHP 3.07bn, a significant increase on the PHP 1.09bn generated in the prior-year period.
Mass table games generated the least GGR of the Okada Manila’s segments, PHP 2.49bn, although this was still up significantly on the PHP 848m made in Q3 2021.
Results from Universal Entertainment highlight a growing trend of growth in the Philippines, following the region’s recovery from the Covid-19 pandemic.
In fact, TRLEI’s results highlight that revenue is greater now than ever before, with the company’s 2022 Q3 revenue (PHP 10.28bn), greater than the third quarter of 2019 (pre-pandemic) – when the casino operator took just PHP 4.24bn.
The recovery of Universal Entertainment’s TRLEI comes amid the backdrop of the casino’s takeover saga involving Japanese mogul Kazuo Okada.
Most recently, Okada claimed his former business partner, Jun Fujimoto, made a concerted effort to “defame” him over many years.
You can read more about Okada’s latest statement here.
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