{"id":17944,"date":"2021-05-17T14:59:04","date_gmt":"2021-05-17T14:59:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17944"},"modified":"2026-04-23T19:29:27","modified_gmt":"2026-04-23T22:29:27","slug":"universal-entertainment-posts-us48m-loss-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-us48m-loss-for-q1","title":{"rendered":"Universal Entertainment posts US$48m loss for Q1"},"content":{"rendered":"\n

Universal Entertainment has reported a net loss of JPY5.2bn (US$48m) for the first three months of the year due to the Covid-19 pandemic.<\/p>\n\n\n\n\n\n\n\n

Japan.- Gaming company\u00a0<\/strong>Universal Entertainment Corp<\/a>\u00a0has published its financial results for the first quarter of the year, reporting\u00a0net sales down 64 per cent year-on-year at JPY14.7bn (US$134.1m)<\/strong>.<\/p>\n\n\n\n

The\u00a0Amusement Equipment business<\/strong> saw sales fall to\u00a012,708 units compared with 52,631 units in the same period of 2020<\/strong>. Its net sales were JPY5.38bn, down 78.2 per cent year-on-year.<\/p>\n\n\n\n

Universal reported a net loss of JPY5.2bn (US$48m)<\/strong>, which it attributed to restrictions at Okada Manila.<\/p>\n\n\n\n

The Okada Manila Integrated Resort had been operating limited to a capacity of 30 per cent<\/strong> but has been closed since March<\/strong>.<\/p>\n\n\n\n

The Philippines\u2019 president has recently announced that Metro Manila will ease Covid-19 countermeasures, but casinos have not yet announed plans to reopen.<\/p>\n\n\n\n

The number of\u00a0pachinko and pachislot machine orders in Japana also remains low\u00a0<\/strong>due to uncertainly over when the Covid-19 crisis will end.<\/p>\n","protected":false},"excerpt":{"rendered":"

Universal Entertainment has reported a net loss of JPY5.2bn (US$48m) for the first three months of the year due to the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":17254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment reported a JPY5.2bn net loss and a 64% year-on-year decline in net sales for Q1, primarily due to COVID-19 restrictions impacting its Okada Manila Integrated Resort and reduced demand for amusement equipment in Japan. The Okada Manila closure since March significantly contributed to the financial downturn, despite broader easing of countermeasures in Metro Manila.","focusai_entities":"Universal Entertainment Corp., Okada Manila","focusai_location":"Japan, Philippines, Metro Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Okada Manila Reopening Timeline?","query":"What is the projected reopening timeline for Okada Manila, and what specific regulatory conditions must be met for full operational capacity and GGR recovery?"},{"label":"Diversification Strategy Impact?","query":"How will Universal Entertainment's Q1 performance impact its capital allocation strategy for future integrated resort developments or diversification into other iGaming verticals?"}],"footnotes":""},"categories":[163,16333],"tags":[23686],"class_list":["post-17944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-universal-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17944","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=17944"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17944\/revisions"}],"predecessor-version":[{"id":17979,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17944\/revisions\/17979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17254"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}