{"id":19292,"date":"2026-10-16T08:30:00","date_gmt":"2026-10-16T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=19292"},"modified":"2026-10-16T06:40:48","modified_gmt":"2026-10-16T11:40:48","slug":"philippines-caps-slot-rebates-as-okada-manila-profitability-declines","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/","title":{"rendered":"Philippines caps slot rebates as Okada Manila profitability declines"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Manila, October 15, 2026.<\/strong> The <strong>Philippine Amusement and Gaming Corporation (PAGCOR)<\/strong> has introduced a <strong>1.5% cap on slot machine player incentives based on betting turnover at land-based casinos<\/strong>, while <strong>Okada Manila<\/strong> reported a <strong>21.4% decline in VIP gaming revenue<\/strong> and a <strong>13% drop in adjusted EBITDA<\/strong> during the third quarter of 2026.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The amendment, approved by PAGCOR&#8217;s Board on <strong>October 8<\/strong> and communicated on <strong>October 13<\/strong>, allows cash rebates of up to <strong>1.4%<\/strong> and promotional commissions of <strong>0.2%<\/strong>, provided the combined incentives do not exceed the <strong>1.5% ceiling<\/strong>. It also prohibits operators from recording incentives as gaming losses to reduce gross gaming revenue (GGR).<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"773\" height=\"490\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-145.png\" alt=\"\" class=\"wp-image-19298\" style=\"aspect-ratio:1.579088471849866;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-145.png 773w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-145-300x190.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-145-767x486.png 767w\" sizes=\"auto, (max-width: 773px) 100vw, 773px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"> <em>Michael Joseph J. Bailey<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The measure updates the <strong>Casino Regulatory Manual for Licensed Land-Based Casinos<\/strong>, effective since August 2025, under the authority established by <strong>Presidential Decree No. 1869<\/strong> and <strong>Republic Act No. 9487<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The regulator is led by <strong>Alejandro H. Tengco<\/strong>, Chairman and CEO, alongside <strong>Wilma T. Eisma<\/strong>, President and Chief Operating Officer. <strong>Michael Joseph J. Bailey<\/strong> heads Monitoring and Compliance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"938\" height=\"570\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-143.png\" alt=\"\" class=\"wp-image-19294\" style=\"aspect-ratio:1.6452513966480447\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-143.png 938w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-143-767x466.png 767w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-143-300x182.png 300w\" sizes=\"auto, (max-width: 938px) 100vw, 938px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Okada Manila<\/strong>, located in <strong>Entertainment City, Para\u00f1aque<\/strong>, recorded <strong>PHP7.04 billion (US$111.8 million) in quarterly GGR<\/strong>, representing a <strong>0.9% increase<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"766\" height=\"467\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-144.png\" alt=\"\" class=\"wp-image-19297\" style=\"aspect-ratio:1.6406685236768803;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-144.png 766w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-144-300x183.png 300w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Nobuki Sato<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mass-market table games grew <strong>19.7% to PHP3.01 billion<\/strong>, while the VIP segment declined <strong>21.4% to PHP1.15 billion<\/strong>. Slot machines generated <strong>PHP2.88 billion, down 4%<\/strong>, despite receiving <strong>5.6% more wagers<\/strong>. The integrated resort, operated by <strong>Tiger Resort, Leisure and Entertainment Inc.<\/strong>, a subsidiary of Japan&#8217;s <strong>Universal Entertainment Corporation<\/strong>, is headed by <strong>Nobuki Sato<\/strong>, President and COO since September 2025.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Between January and September, Okada accumulated <strong>PHP19.56 billion in GGR, down 10.6%<\/strong>, while adjusted EBITDA fell <strong>47.3% to PHP2.13 billion<\/strong>. During the quarter, the resort welcomed <strong>1.45 million visitors (+11.8%)<\/strong>, achieved <strong>95% hotel occupancy<\/strong>, and recorded <strong>PHP804 million in non-gaming revenue (-6.9%)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":19293,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[2323,57,15,2452,2345,254,105,1218],"class_list":["post-19292","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-gambling","tag-pagcor","tag-philippines","tag-slot-machines","tag-sports-betting","tag-tax","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philippines caps slot rebates as Okada Manila profitability declines - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines caps slot rebates as Okada Manila profitability declines - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-142.png\" \/>\n\t<meta property=\"og:image:width\" content=\"767\" \/>\n\t<meta property=\"og:image:height\" content=\"508\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/\",\"name\":\"Philippines caps slot rebates as Okada Manila profitability declines - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/philippines-caps-slot-rebates-as-okada-manila-profitability-declines\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/10\/image-142.png\",\"datePublished\":\"2026-10-16T13:30:00+00:00\",\"description\":\"Manila, October 15, 2026. 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