Tiger Resort Leisure and Entertainment appointed Nobuki Sato as president and chief operating officer, effective 15 September, succeeding Byron Yip. The company said Yip would continue overseeing daily operations and supporting the transition until Sato takes over.
The succession plan identifies who will lead Okada Manila and how daily operations will be managed during the transition.
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DigiPlus Interactive Corp. appointed Ping Chen president and director, replacing Andy Tsui, who stepped down after four years. Chen took up both executive and board roles with immediate effect, the company said.
Fitch said slower earnings growth and heavy capital spending are keeping leverage high among gaming operators in Asia-Pacific, with recent downgrades linked to company-specific pressures. It expects Genting Bhd's net leverage to remain above 4.0 times over the next three years and Genting New York's annual capital spending to average around US$800 million over the medium term.
Fitch said Okada Manila’s mass-market growth had not made up for a structural decline in VIP gaming, with competition and online migration expected to constrain recovery. VIP table games accounted for 20% of the property’s gross gaming revenue in 2025, down from 35% in 2023.
Fitch expects Universal Entertainment to record negative free cash flow in 2026 and 2027, with annual EBITDA of about JPY19 billion through 2028, below the roughly JPY20 billion needed to cover cash interest and capital expenditure. The ratings agency said Okada Manila’s performance remains a key factor for the parent’s credit profile, citing lower VIP revenue share and continued competitive and market pressures.
Universal Entertainment Corp said Okada Manila will target mass-market customers and develop online gaming after a challenging second quarter in the Philippines. For the three months to 30 June, net sales fell 13.0% year on year to JPY30.1 billion and adjusted EBITDA declined 62.5% to JPY2.74 billion; the company also cited the launch of OKADA PLAY with platform operator PhilWeb Corporation.