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Universal Entertainment sees net sales and operating profits fall in 2024

Universal Entertainment sees net sales and operating profits fall in 2024

Universal Entertainment’s full-year net sales dropped by 29.4 per cent year-on-year.The Philippines.-Universal Entertainment has shared its financial results for the fiscal year 2024. The company posted net sales of JPY179bn (US$1.16bn), down 29.4 per cent year-on-year from JPY179bn (US$1.2bn). Oper

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Okada Manila 4Q GGR improved q-o-q, to US$153mln

Okada Manila 4Q GGR improved q-o-q, to US$153mln

Fourth-quarter casino gross gaming revenue (GGR) declined by 3.7 percent year-on-year but was up sequentially at the Okada Manila casino resort (pictured) in the Philippine capital, according to a Wednesday filing from its parent, Japanese conglomerate Universal Entertainment Corp.Such GGR for the t

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Universal Entertainment halts plan to list TRELEI on the PSE

Universal Entertainment halts plan to list TRELEI on the PSE

The company has opted to sell shares in ABG to Premiumlands Corp.The Philippines.- Universal Entertainment, the parent of Okada Manilacasino resort, has said that its subsidiary Tiger Resort, Leisure and Entertainment (TRLEI) will not seek listing on the Philippine Stock Exchange (PSE). In a filing

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Okada Manila promoter drops backdoor listing plan for PSE

Okada Manila promoter drops backdoor listing plan for PSE

The parent of the Okada Manila casino resort (pictured), in the Philippine capital, has shelveda plan for a backdoor listing of shares in the company that runs the complex, according to a Friday filing.Philippines-based Tiger Resort, Leisure and Entertainment Inc (TRLEI) is responsible for the opera

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Parent firm Universal says Okada Manila recruiting more staff to boost regional gaming marketing abilities

Parent firm Universal says Okada Manila recruiting more staff to boost regional gaming marketing abilities

Philippines integrated resort Okada Manila says it is in the process of recruiting and training more staff with the goal of boosting its marketing capabilities as it looks to grow market share.According to an update contained in parent company Universal Entertainment Corp’s financial results for the

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Universal Ent expects loss in full year results

Universal Ent expects loss in full year results

Universal has updated its financial forecast for 2024.The Philippines.- Universal Entertainment Corp has updated its financial expectations for full-year 2024. It now expects a net loss of JPY18.30bn (US$116.9m). The Japanese firm, the parent of the Okada Manila casino resort in the Philippines, sai

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Universal now expects FY2024 loss, cites VIP play decline

Universal now expects FY2024 loss, cites VIP play decline

Universal Entertainment Corp, the parent of the Okada Manila casino resort in the Philippines, says it is now expecting a loss for full-year 2024. The Japanese firm also said in a notice issued on Thursday that it will no longer pay a year-end dividend for 2024.Universal Entertainment now expects a

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TRLEI GGR down 33.4% in Q3

TRLEI GGR down 33.4% in Q3

Gross gaming revenue for the third quarter of the year was PHP8.23bn (US$140.0m).The Philippines.-Universal Entertainment Corphas shared the financial results of Tiger Resort, Leisure and Entertainment (TRLEI) for the third quarter of the year. The casino operator posted gross gaming revenue (GGR) o

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Okada Manila GGR down y-o-y for fourth consecutive quarter

Okada Manila GGR down y-o-y for fourth consecutive quarter

Third-quarter casino gross gaming revenue (GGR) declined by 33.4 percent year-on-year at the Okada Manila casino resort (pictured) in the Philippine capital, according to a Tuesday filing from its parent, Japanese conglomerate Universal Entertainment Corp.Such GGR for the three months to September 3

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Decline in VIP guests hurting Okada Manila casino: Universal

Decline in VIP guests hurting Okada Manila casino: Universal

Japanese conglomerate Universal Entertainment Corp, the parent of the Okada Manila casino resort (pictured) in the Philippine capital Manila, says a decline in the number of VIP guests has negatively affected the property’s gaming business in the three months to June 30.The parent said second-quarte

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Tomohiro Okada to join Okada Manila backer Universal board

Tomohiro Okada to join Okada Manila backer Universal board

Tomohiro Okada, a son of Kazuo Okada, the ousted founder of Japanese gaming conglomerate Universal Entertainment Ltd, has been proposed for election as a director of Universal Entertainment at an extraordinary shareholders’ meeting due on September 16.The information was in a Tuesday announcement.Mr

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