{"id":17703,"date":"2021-05-10T14:26:04","date_gmt":"2021-05-10T14:26:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17703"},"modified":"2026-04-23T19:42:11","modified_gmt":"2026-04-23T22:42:11","slug":"okura-holdings-permanently-closes-two-pachinko-venues","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/okura-holdings-permanently-closes-two-pachinko-venues","title":{"rendered":"Okura Holdings permanently closes two pachinko venues"},"content":{"rendered":"\n<p>Okura Holdings will close two pachinko venues from May 10 due to poor financial performance since the outbreak of the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- Okura Holdings has announced the<strong> permanent closure<\/strong> of two of its\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japan-the-number-of-pachinko-parlours-continues-to-fall\">pachinko venues<\/a>\u00a0due to the crisis in the sector, which has been accentuated by <strong>the Covid-19 pandemic<\/strong>.<\/p>\n\n\n\n<p>One of the<strong> pachinko venues<\/strong> is located in Ogi City, Saga Prefecture, while the other is in Kawasaki city, Kanagawa Prefecture.<\/p>\n\n\n\n<p>The operator has said the decision was due to &#8220;<strong>deteriorating operating and financial performance since the outbreak of the Covid-19<\/strong> in Japan in January 2020 and the resulting significant decline in overall customer traffic.\u201d<\/p>\n\n\n\n<p>Okura Holdings now has 15 Pachinko Venues, most of them located in Nagasaki Prefecture.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/okura-holdings-buys-property-in-nagasaki-for-expansion\">The company<\/a>\u00a0recently announced it was <strong>seeking to diversify its revenue stream<\/strong>. It purchased\u00a0<strong>a 650 square-metre lot<\/strong>, a seven-story building, and a parking lot in Nagasaki city for US$4m.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/japan-pachinko-parlours-reject-government-lockdown-request\">Pachinko venues<\/a>\u00a0were asked to\u00a0<strong>close until <strong>at least<\/strong><\/strong> <strong>May 11<\/strong> <strong>due to a fourth wave of Covid-19 cases<\/strong>, but some of them decided not to accept the request and to continue operating, exposing themselves to a\u00a0<strong>possible fine from the government<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Okura Holdings will close two pachinko venues from May 10 due to poor financial performance since the outbreak of the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":17721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Okura Holdings is permanently closing two pachinko venues in Japan, citing deteriorating operating and financial performance and significant declines in customer traffic since the Covid-19 pandemic's onset. This strategic divestment reflects the ongoing challenges within the land-based gaming sector, prompting the operator to pursue revenue diversification initiatives.","focusai_entities":"Okura Holdings","focusai_location":"Japan, Ogi City, Saga Prefecture, Kawasaki city, Kanagawa Prefecture, Nagasaki Prefecture, Nagasaki city","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR?","query":"What is the projected impact of these venue closures on Okura Holdings' Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for the upcoming fiscal periods, and how does this align with broader pachinko market trends in Japan?"},{"label":"Diversification Strategy?","query":"How will Okura Holdings' recently announced revenue diversification strategy, including real estate acquisitions, mitigate the ongoing operational risks and declining customer traffic observed in its core pachinko vertical?"}],"footnotes":""},"categories":[157,16338],"tags":[512],"class_list":["post-17703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17703"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17703\/revisions"}],"predecessor-version":[{"id":17730,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17703\/revisions\/17730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17721"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}