Philippines resort Okada Manila hoping new online casino can help drive 2025 recovery
Philippines integrated resort Okada Manila is looking to its recently launched online gaming platform to help drive business recovery in 2025 following a less than stellar performance from its land-based operations last year.
The resort’s parent company, Japanese gaming giant Universal Entertainment Corp, released its FY24 financial results late last week which showed a 15.4% decrease in net sales at Okada Manila to JPY82.0 billion (US$540 million)1 JPY = 0.0066 USD
2025-02-18Powered by CMG CurrenShift and a 34.8% decline in Adjusted Segment EBITDA to JPY19.6 billion (US$129 million)1 JPY = 0.0066 USD
2025-02-18Powered by CMG CurrenShift – mainly due to a “slowdown of the [casino] junket business [that has] negatively affected the overall market conditions for the casino business in the Philippines.”
However, Universal said it is enhancing efforts to boost the competitiveness of Okada Manila in 2025, in part by “working to penetrate our new online gaming platform targeting the Philippine locals, which has begun operating in 2024, and conducting extra promotion through our membership program, Reward Circle.”
Okada Manila has been actively promoting its Okada Online Casino across social media channels in recent weeks, following the lead of other integrated resort operators in the country.
Philippines integrated resorts are permitted to offer online gaming to Philippine residents who are members of the resort’s membership club. The so-called PIGO (Philippine Inland Gaming Operators) scheme was introduced by the government in late 2020 as a means of providing an additional source of revenue during the COVID-19 pandemic.
PIGO is not related to the now banned POGO industry which exclusively targeted offshore customers.
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