Okada Manila pockets $78M quarterly net sales

Okada Manila, one of the four integrated resorts in the Philippines’ Entertainment City, chalked a JPY8.89 billion (US$78 million) quarterly net sales as the facility nears completion of its VIP casino, its parent company Universal Entertainment reported.

In a disclosure to the Tokyo Stock Exchange, Universal has expressed optimism that Okada Manila’s net sales will grow further after they hold the grand opening of its Philippine integrated resort in the first quarter of 2018.

The integrated resort opened its doors to the public in December 2016, but excluding at that time the hotel accommodation.

Despite not running on its full-capacity, Universal said that Okada Manila’s casino “has been generating steady growth in revenue” thanks to the high-rollers that are trickling inside the facility.