SÁB 18 DE NOVEMBRO DE 2017 - 11:43hs.
According to Morgan Stanley

Okada Manila to lead gaming market in Philippines

Analyst group Morgan Stanley is tipping Okada Manila to take pole position in the Philippines’ market by 2019, surpassing Bloomberry, Melco Resorts Philippines and Resorts World Manila. According to their forecast, the Philippines gaming market to be the fastest growing in Asia.

The firms Alex Poon and Praveen Choudhary said: "We expect Okada to add US$1.2bn of GGR by 2019 to the overall market, capturing 32 % market share (Bloomberry 30 %; Melco Resorts Philippines 25 %).”

"We expect the Philippines gaming market to be the fastest growing in Asia (25 % CAGR in 2017-18) and cannibalisation is not our concern. We expect EBITDA of existing operators to grow sequentially in second half of 2017 and 2018 due to slow ramp of Okada. Strong tourist arrivals and NAIA Expressway have brought in more Chinese and Filipino mass customers from cities outside of Manila respectively.”

Okada Manila opened in March with only 100 of 993 hotel rooms open. Up to 30 % of its mass market tables are currently affected by construction work.

Source: GMB / GGR Asia