Universal Entertainment Corporation (UEC) announced that gross gaming revenue for August of this year saw a 72% increase over the same period in 2018 for Okada Manila. This resulted in a gross amount of Php3.86 billion ($75 million).
While the overall numbers were positive across the board, it appears that it is the integrated resort Okada Manila that is leading the way.
The resort saw a 254% increase in revenue over August 2018. UEC gives credit to the mass-market volumes as well as the high VIP numbers as the primary factors that led to the increases.
The numbers at the Okada Manila are not surprising. In March, they reported a 67.9% increase over the prior year, reporting a total revenue of about PHP3.30 billion ($63.7 million.) This put them on pace for a first-quarter total of PHP9.52 billion ($180 million), an increase of 91% over the first quarter of last year.
The numbers climbed in July as well. Okada Manilla saw a total revenue of $62 million. The company had already reported a 44.7% increase in total revenue in the first six months of 2019 in comparison to the same period in 2018.
The news should continue to remain positive. The VIP revenue alone is far exceeding original projections.