The group has announced the delayed results of its second fiscal quarter.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- Universal Entertainment Corp<\/strong> has reported Q2 financial results Tiger Resort, Leisure and Entertainment (TRLEI) following a delay due to efforts to normalise operations after the company retook control of Okada Manila in September<\/a>. <\/p>\n\n\n\n Revenue was PHP8.96bn<\/strong> (US$142.7m), up 233 per cent year-on-year. Gross gaming revenue was PHP8.29bn and adjusted segment EBITDA PHP2.17bn. Year-to-date revenue amounted to PHP15.36bn<\/strong>, comprising gross gaming revenue of PHP14.32bn and other revenue of PHP1.03bn. Adjusted segment EBITDA totalled PHP3.33bn for the first half of fiscal year 2022.<\/p>\n\n\n\n Universal Entertainment reported that it will disclose TRLEI<\/strong><\/strong>‘s third quarter results <\/strong>as soon as it has verified the figures The delay comes after the arrest of Kazuo Okada<\/a>. The Japanese billionaire was arrested after returning to the Philippines to face charges of grave coercion<\/a> brought against him in connection with his forced takeover of the Okada Manila casino<\/a> in late May.<\/p>\n\n\n\n Okada said in a statement: \u201cI insisted on coming back to the Philippines despite several warnings from my lawyers that I may be detained by the authorities. I want to show the Filipino people and the world that I am not afraid. I came back to face this \u201cgrave coercion\u201d charge against me and my associates. <\/p>\n\n\n\n \u201cI have nothing to fear when I know I am standing on the right side of the law. I will not bow down to intimidation, and I will not back off from this legal battle. This fight isn\u2019t over.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":" The group has announced the delayed results of its second fiscal quarter.<\/p>\n","protected":false},"author":176,"featured_media":25407,"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 has reported delayed Q2 financial results for Tiger Resort, Leisure and Entertainment (TRLEI), operator of Okada Manila, showing significant year-on-year revenue and GGR growth. The delay and ongoing operational normalization efforts are attributed to the company's retaking control of Okada Manila in September, following a contested takeover and the subsequent arrest of Kazuo Okada on grave coercion charges.","focusai_entities":"Universal Entertainment Corp, Tiger Resort, Leisure and Entertainment (TRLEI), Okada Manila, Kazuo Okada","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Legal Impact?","query":"What is the projected long-term impact of the ongoing legal disputes involving Kazuo Okada on Okada Manila's operational stability, brand reputation, and market valuation within the Philippine gaming vertical?"},{"label":"Governance Evolution?","query":"How does Universal Entertainment Corp plan to strengthen its corporate governance frameworks and internal controls to prevent future contested takeovers and ensure robust regulatory compliance for its integrated resort assets?"}],"footnotes":""},"categories":[157,16333],"tags":[8986],"class_list":["post-34982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34982","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=34982"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34982\/revisions"}],"predecessor-version":[{"id":35011,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34982\/revisions\/35011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25407"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}