Philippine casino revenue was the only vertical in growth mode during the first quarter of 2020, according to new (and somewhat suspect) stats from the country’s gambling regulator.
The Okada Manila Resort enjoyed their biggest monthly visitation rate since the resort opened, reporting that 542,158 customers enjoyed their hospitality for at least one night. This is good news as the resort is expected to open the remaining rooms sometime in the first quarter of next year, increasing the total number of rooms available to nearly 1000.
In certain ways, China has had a big impact on Macau’s gambling revenue. While it hasn’t been intentional, the trade war with the U.S., protests in Hong Kong, a weaker domestic economy and a strict anti-online gambling stance have been responsible for weaker gambling action in the city. According to one analyst, this pressure could soon spread into Europe, as well, causing its gaming industry to suffer.
Genting Singapore, the casino operator behind the Resorts World Sentosa (RWS) integrated resort in that country, should be happy with its second-quarter performance. Its revenue climbed 13.6% compared to the same period last year, reaching $460.63 million. It should be happy, but it would have liked to have seen something better.