The room renovation programme at the Pearl Wing of the Okada Manila casino resort in the Philippine capital is continuing, with two additional floors scheduled for completion this year.
That is according to a filing on Thursday by Japan-listed Universal Entertainment Corp, the parent company of Okada Manila’s promoter, Tiger Resort, Leisure and Entertainment Inc.
The document also stated that Okada Manila’s management aims “to establish marketing offices in key countries” in order to strengthen the property’s international brand presence.
The Okada Manila casino resort recorded casino gross gaming revenue (GGR) of just under PHP5.93 billion (US$102.3 million) in the fourth quarter of 2025, representing a 34.0-percent decline compared with a year earlier, Tiger Resort announced in January.
For full-year 2025, GGR at Okada Manila stood at nearly PHP27.81 billion, down 20.1 percent from the previous year. Adjusted segmental EBITDA last year stood at PHP4.27 billion, a decline of 44.0 percent from 2024.
Universal Entertainment said in its Thursday filing that the gaming market in Manila’s Entertainment City, where Okada Manila is located, “is facing ongoing correction”.
It added: “Amid a contraction in the overall market, Okada Manila’s performance fell below the previous year’s level due to factors including the temporary impact on visitor numbers [caused] by inclement weather and political instability.”
The parent company said that, despite the challenges, Okada Manila “demonstrated notable resilience and growth across key business metrics, including significant improvements in membership and participation”.
It said “new sign-ups” for the property’s loyalty programme, “Reward Circle”, rose to 102,000 in 2025 from 79,000 the previous year.
The number of unique active members per month showed a “modest increase of 0.8 percent”, still “indicating stable engagement” among its customer base.
Universal Entertainment also manufactures pachinko and other amusement machines, primarily for the Japanese market.
On Thursday, the Japanese conglomerate reported net sales of JPY122.83 billion (US$802.2 million) for 2025, down 2.8 percent from the previous year. The company posted a net loss of JPY231.43 billion last year, compared with a JPY15.57-billion loss for 2024.
The net loss for the 2025 fiscal year “deteriorated significantly compared to the previous fiscal year due to the recording of a loss on valuation of shares of subsidiaries and associates” of JPY144,20 billion, Universal Entertainment said.
Other factors included the provision for allowance for doubtful accounts at subsidiaries and associates of JPY21.15 billion, and an impairment loss of JPY4.34 billion, the firm added.
Source: GGRASIA
