a strong performance at its Okada Manila casino resort<\/a>. The company has increased its net profit forecast by 50 per cent from JPY20bn to JPY30bn (US$200.6m).<\/p>\n\n\n\nUniversal Entertainment’s unit, Tiger Resort, Leisure and Entertainment<\/strong>, which operates the Okada Manila in the Philippines, reported a 9.4 per cent sequential increase in casino gross gaming revenue (GGR) in the third quarter. Adjusted segment earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 45.6 per cent year-on-year to PHP3.56bn (US$62.7m).\u00a0<\/p>\n\n\n\nIUniversal Entertainment attributed the performance to an increase in the number of visitors during the summer vacation period and growing domestic gaming demand in the Philippines. The company anticipates a 3.6 per cent increase in full-year net sales<\/strong> compared to its previous forecast, reaching JPY186.5bn. It projects that operating profit will be 19.1 per cent higher than previously expected at JPY28bn.<\/p>\n","protected":false},"excerpt":{"rendered":"Universal Entertainment Corp has revised its net profit estimate for the year due to Okada Manila’s performance.<\/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 has significantly revised its 2023 net profit estimate upwards by 50% to JPY30bn, driven by the strong performance of its Okada Manila casino resort. The integrated resort reported a 9.4% sequential increase in Q3 GGR and a 45.6% year-on-year rise in adjusted EBITDA, attributed to increased visitor numbers and growing domestic gaming demand in the Philippines.","focusai_entities":"Universal Entertainment Corp, Okada Manila, Tiger Resort, Leisure and Entertainment","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Regional IRs","query":"How might Okada Manila's robust Q3 GGR and EBITDA performance influence competitive dynamics and investment strategies among other integrated resorts in the APAC region?"},{"label":"Sustainability of Domestic Demand","query":"What specific market indicators or economic factors suggest the sustained growth of domestic gaming demand in the Philippines, and how is Universal Entertainment positioned to capitalize on this trend beyond seasonal peaks?"}],"footnotes":""},"categories":[157,16333],"tags":[8986,23749],"class_list":["post-777010170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-okada-manila","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010170","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=777010170"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010170\/revisions"}],"predecessor-version":[{"id":777041143,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010170\/revisions\/777041143"}],"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=777010170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}