Skip to content
SignalPowered bySign inBack to Digirockstars
All briefs

Daily brief

Market · Philippines · Sat 15 Aug · 3 min read

Newport profit doubles; mass beats VIP again

This brief is supported by

WOMO (opens in a new tab)More about them at the end of the brief

What happened

Travellers International Hotel Group, the operator of Newport World Resorts in Manila, reported attributable net income of PHP568 million for H1 2026, nearly double the prior year figure. Group EBITDA rose 13% year-on-year. Revenue came in at US$247 million. The headline profit improvement was driven by mass-floor gaming and online GGR, which offset a decline in VIP volumes. Newport sits adjacent to Ninoy Aquino International Airport, giving it structural access to transit and domestic leisure traffic rather than high-roller junket flows.

Why it matters

Sources: ASGAM

  1. Okada pivots to mass market after dragging UEC resultsOkada Manila underperforming badly enough to drag down Universal Entertainment Corp's Q2 2026 group results, and now pivoting explicitly to mass market and online gaming, is a competitive signal, not just an earnings story. City of Dreams Manila has already demonstrated two consecutive quarters of mass-market share gains while VIP-dependent operators contracted, so Okada's pivot follows a playbook that a competitor has already validated and is running ahead of them. For Philippine operators and investors, the question is execution speed: Okada is a large physical property reconfiguring its floor and channel mix under fiscal pressure, and late movers in mass-market repositioning have consistently underperformed peers who made the shift earlier.Market · Philippines
  2. Newport's Profit Doubled, and Two Competitors Just Proved It Wasn't LuckNewport World Resorts nearly doubled its net income. City of Dreams posted its second straight quarter of mass-market gains. Okada's EBITDA fell 65% on the model both of them already abandoned. Here's what three operators, read together, actually proveiGaming
  3. Bloomberry rebuilds FUNaloMAX: late but committedBloomberry investing in a rebuild of its FUNaloMAX online platform signals that one of the Philippines' major integrated resort operators has accepted that online GGR is not optional in the post-BSP-disruption environment. The strategic context matters: Bloomberry is entering this rebuild while Newport doubles net income and City of Dreams holds two quarters of mass-market gains, meaning it is playing catch-up against peers who have already validated the model. The rebuild is the right move, but execution speed and platform quality will determine whether Bloomberry closes the gap or cements its position as a late mover in a channel its competitors are already winning.Product · Philippines