{"id":26524,"date":"2022-01-24T09:09:44","date_gmt":"2022-01-24T12:09:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26524"},"modified":"2026-04-23T11:59:53","modified_gmt":"2026-04-23T14:59:53","slug":"universal-entertainment-to-record-loss-of-us165-3m-for-2021","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-to-record-loss-of-us165-3m-for-2021","title":{"rendered":"Universal Entertainment to record loss of US$165.3m for 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Universal Entertainment has reported that it expects to post a loss of JPY18.8bn (US$165.3m) for the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Japan.- The gaming company<strong>\u00a0Universal Entertainment Corp\u00a0<\/strong>has announced its projected results for the year ending 31 December 2021. It expects to post a 29.5 per cent dip in operating profit to JPY1.88bn (US$15.8m) and sales of JPY90.4bn, which represents a decline of 0.5 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company expects a loss attributable to Okada Holdings of JPY18.8bn (US$165.3m), down 21 per cent when compared to the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the last quarter, <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/okada-manila-posts-ggr-of-us137m-for-q4\">Okada Manila\u2019s gross gambling revenue<\/a>\u00a0grew 68.2 per cent quarter-on-quarter to PHP7.01bn (US$137m). <strong>Okada Manila\u2019s full-year GGR<\/strong>\u00a0was PHP18.92bn, up 23.4 per cent when compared to the previous year. However, the figure was below the numbers seen prior to the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In October,\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>\u00a0signed a US$2.6bn merger agreement with 26 Capital Acquisition Corp that let the company go public in the United States. It is expected\u00a0<strong>the merger will close in the first half of next year and it will provide the casino operator with US$275m in cash proceeds\u00a0<\/strong>that will be used for growth and other corporate purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Universal Entertainment has reported that it expects to post a loss of JPY18.8bn (US$165.3m) for the year.<\/p>\n","protected":false},"author":176,"featured_media":26549,"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 projects a JPY18.8bn net loss for FY2021, alongside declines in operating profit and sales, despite Okada Manila reporting significant Q4 and full-year GGR growth. This financial outlook precedes Okada Manila's anticipated US$2.6bn merger with 26 Capital Acquisition Corp, which aims to take the casino operator public in the US and secure US$275m for strategic growth initiatives.","focusai_entities":"Universal Entertainment, Okada Holdings, Okada Manila, 26 Capital Acquisition Corp","focusai_location":"Japan, United States, Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Merger Impact on Valuation","query":"How will the US$2.6bn SPAC merger and subsequent US listing impact Okada Manila's enterprise valuation and access to growth capital compared to its previous private status?"},{"label":"GGR Recovery Outlook","query":"What is the projected timeline for Okada Manila's GGR to surpass pre-pandemic levels, and what operational strategies are being implemented to accelerate this recovery?"}],"footnotes":""},"categories":[163,16333],"tags":[23907,23749],"class_list":["post-26524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26524","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=26524"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26524\/revisions"}],"predecessor-version":[{"id":26554,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26524\/revisions\/26554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26549"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}