{"id":24473,"date":"2021-11-12T11:30:15","date_gmt":"2021-11-12T14:30:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24473"},"modified":"2026-04-23T13:53:43","modified_gmt":"2026-04-23T16:53:43","slug":"universal-entertainment-posts-net-loss-of-jpy17-4bn-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-net-loss-of-jpy17-4bn-for-q3","title":{"rendered":"Universal Entertainment posts net loss of JPY17.4bn for Q3"},"content":{"rendered":"\n<p>Universal Entertainment Corp. has reported a net loss of JPY17.4bn (US$152.2m) for the third quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- The gaming company<strong>\u00a0Universal Entertainment Corp<\/strong>\u00a0has published its financial results for the third quarter of the year, reporting<strong>\u00a0a net loss of\u00a0<\/strong>JPY17.4bn (US$152.2m)<strong>\u00a0<\/strong>mainly due to Covid-19 restrictions at\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/okada-manila-to-go-public-by-merging-with-spac\">Okada Manila<\/a>\u00a0and a decline in pachinko machine sales.<\/p>\n\n\n\n<p>The company also revealed that during the first nine months of the year net sales were up 5.6 per cent when compared to the previous year, at JPY21.7bn while the operating loss was JPY2.5bn. Adjusted segment EBITDA was JPY1.9bn, up from a loss of JPY2.8bn.\u00a0<\/p>\n\n\n\n<p>The casino operator also revealed that&nbsp;<strong>a decrease in the labour force at Okada Manila prompted 20 per cent lower personnel expenses<\/strong>, while selling, general and regulatory costs additionally declined because of Covid-19 countermeasures and limited operations.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-posts-us106-8m-loss-for-q2\" rel=\"noreferrer noopener\">Universal Entertainment<\/a>&nbsp;previously reported<strong>&nbsp;<\/strong>net sales down 64 per cent year-on-year at JPY14.7bn (US$134.1m) in the first quarter. For the second quarter, Okada Manila reported<strong>&nbsp;gross gaming revenue (GGR) or PHP2.61bn (US$52.1m)<\/strong>. That\u2019s a fall of&nbsp;<strong>49 per cent&nbsp;<\/strong>from the previous quarter.<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-resumes-operations-at-90-capacity\" rel=\"noreferrer noopener\">Casinos in Manila<\/a>&nbsp;are starting to increase their capacity limits after the city\u2019s Covid-19 countermeasure level was reduced to Alert Level 2 until November 21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Universal Entertainment Corp. has reported a net loss of JPY17.4bn (US$152.2m) for the third quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18988,"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 Corp. reported a Q3 net loss of JPY17.4bn, primarily attributed to COVID-19 restrictions impacting Okada Manila and a decline in pachinko machine sales. Despite this, nine-month net sales increased 5.6%, and adjusted segment EBITDA showed improvement. Operational adjustments, including reduced personnel and regulatory costs, were implemented amidst fluctuating GGR at Okada Manila and easing COVID-19 countermeasures in Manila.","focusai_entities":"Universal Entertainment Corp., Okada Manila","focusai_location":"Japan, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Okada Manila GGR Outlook?","query":"What is the projected timeline for Okada Manila to return to pre-pandemic GGR levels, considering the current Alert Level 2 status and competitive landscape?"},{"label":"Pachinko Revenue Diversification?","query":"How will Universal Entertainment Corp. mitigate the ongoing impact of declining pachinko machine sales on its overall revenue diversification strategy and future capital allocation?"}],"footnotes":""},"categories":[163,16333],"tags":[8986,23686],"class_list":["post-24473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24473","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=24473"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24473\/revisions"}],"predecessor-version":[{"id":24496,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24473\/revisions\/24496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}