Universal Entertainment net sales increase in 2019

Universal Entertainment saw new sales increase 34% but recorded a net loss for 2019.

Universal Entertainment saw net sales increase of 34% year on year reaching JPY125 billion (€1.05 billion) in 2019.

Operating profit hit JPY389 million (€3.2 million) but this resulted in a net loss of JPY5.2 billion (€43.7 million).

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).

“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 company added.

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,” it concluded.