Monday, August 08, 2022

Universal Entertainment net sales up 34 percent in 2019


Universal Entertainment posted net sales of almost JPY125 billion (about US$1.1 billion), an increase of 34 percent year on year, and an operating profit of JPY389 million. However, this resulted in a net loss of almost JPY5.2 billion.

Net sales in the Amusement Equipment segment increased 22 percent year-on-year, but the company noted that “the number of new titles complying with the revised rules is still small because of the low percentage of titles that were able to pass the Pachislot compliance test of the Security Communications Association” (Hotsukyo).

They added, “Universal Entertainment will continue to work on developing easy-to-play and appealing titles that can be enjoyed by a broad spectrum of Pachislot and Pachinko fans. Universal Entertainment is determined to develop appealing titles for energizing the entire Pachislot and Pachinko industry.”

The Integrated Resort Business posted net sales of JPY71.4 billion, up 45.9 percent year-on-year, but an operating loss of almost JPY1.4 billion.

At Okada Manila, “the highest priority is to continue adding attractions and amenities,” the statement explained.

“The Universal Entertainment Group is preparing to take public Tiger Resort, Leisure and Entertainment, Inc., the core company in the Group’s Integrated Resort Business, at an early stage to accelerate its growth,” they added.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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