Manila, October 15, 2026. The Philippine Amusement and Gaming Corporation (PAGCOR) has introduced a 1.5% cap on slot machine player incentives based on betting turnover at land-based casinos, while Okada Manila reported a 21.4% decline in VIP gaming revenue and a 13% drop in adjusted EBITDA during the third quarter of 2026.
The amendment, approved by PAGCOR's Board on October 8 and communicated on October 13, allows cash rebates of up to 1.4% and promotional commissions of 0.2%, provided the combined incentives do not exceed the 1.5% ceiling. It also prohibits operators from recording incentives as gaming losses to reduce gross gaming revenue (GGR).
Michael Joseph J. Bailey
The measure updates the Casino Regulatory Manual for Licensed Land-Based Casinos, effective since August 2025, under the authority established by Presidential Decree No. 1869 and Republic Act No. 9487.
The regulator is led by Alejandro H. Tengco, Chairman and CEO, alongside Wilma T. Eisma, President and Chief Operating Officer. Michael Joseph J. Bailey heads Monitoring and Compliance.
Meanwhile, Okada Manila, located in Entertainment City, Parañaque, recorded PHP7.04 billion (US$111.8 million) in quarterly GGR, representing a 0.9% increase.
Nobuki Sato
Mass-market table games grew 19.7% to PHP3.01 billion, while the VIP segment declined 21.4% to PHP1.15 billion. Slot machines generated PHP2.88 billion, down 4%, despite receiving 5.6% more wagers. The integrated resort, operated by Tiger Resort, Leisure and Entertainment Inc., a subsidiary of Japan's Universal Entertainment Corporation, is headed by Nobuki Sato, President and COO since September 2025.
Between January and September, Okada accumulated PHP19.56 billion in GGR, down 10.6%, while adjusted EBITDA fell 47.3% to PHP2.13 billion. During the quarter, the resort welcomed 1.45 million visitors (+11.8%), achieved 95% hotel occupancy, and recorded PHP804 million in non-gaming revenue (-6.9%).
