{"id":777022941,"date":"2025-02-14T10:29:22","date_gmt":"2025-02-14T13:29:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022941"},"modified":"2026-04-22T01:47:44","modified_gmt":"2026-04-22T04:47:44","slug":"universal-entertainment-sees-net-sales-and-operating-profits-fall-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-sees-net-sales-and-operating-profits-fall-in-2024","title":{"rendered":"Universal Entertainment sees net sales and operating profits fall in 2024"},"content":{"rendered":"\n

Universal Entertainment\u2019s full-year net sales dropped by 29.4 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Universal Entertainment<\/strong> has shared its financial results for the fiscal year 2024. The company posted net sales of JPY179bn (US$1.16bn), down 29.4 per cent year-on-year<\/a> from JPY179bn (US$1.2bn). Operating profit was JPY3.02bn (US$19.6m), down 90.1 per cent.<\/p>\n\n\n\n

The company attributed the fall in operating profits to higher selling, general and administrative costs caused by an increase in personnel expenses at Okada Manila<\/strong>. It posted a net loss of JPY15.57bn (US$101.1m)<\/strong>, a decline from positive net income of JPY28.44bn (US$184.7m) in 2023.<\/p>\n\n\n\n

The integrated resort business segment posted net sales of JPY81.98bn (US$532m), a decrease of 15.4 per cent year-on-year, and an operating profit of JPY2.87bn (US$19m), a decrease of 80 per cent. Adjusted segment EBITDA decreased by 34.8 per cent to JPY19.56bn (US$127m).<\/p>\n\n\n\n

At Okada Manila, the number of VIP guests continued to decline as the slowdown of the junket business negatively affected overall market conditions in the Philippines. The casino operator noted that while sales in the mass market and gaming machines had steadily increased since pre-pandemic levels, performance in 2024 was lower compared to 2023. However, revenue from hotel and food and beverage continued to increase.<\/p>\n\n\n\n

In the amusement equipment segment, the sales of pachislot and pachinko machines reached 92,150 units.<\/p>\n\n\n

<\/p>\n
<\/p>\n

See also:<\/span> PAGCOR reports record revenue for 2024<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Universal Entertainment\u2019s full-year net sales dropped by 29.4 per cent year-on-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 reported a significant decline in its FY2024 financial performance, with net sales down 29.4% and operating profit plummeting 90.1%, resulting in a net loss. This downturn was primarily driven by increased personnel expenses at Okada Manila and a substantial decrease in VIP guest volume due to the slowdown of the junket business in the Philippines, despite growth in mass market and non-gaming revenues.","focusai_entities":"Universal Entertainment, Okada Manila, PAGCOR","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Okada Manila Strategy","query":"What specific strategic adjustments is Universal Entertainment implementing at Okada Manila to mitigate the ongoing decline in VIP junket business and enhance mass market and non-gaming revenue growth?"},{"label":"Capital Allocation Impact","query":"How will Universal Entertainment's significant net loss and reduced operating profit impact its capital allocation strategy for future integrated resort developments or amusement equipment R&D?"}],"footnotes":""},"categories":[163,16333],"tags":[23686],"class_list":["post-777022941","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\/777022941","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=777022941"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022941\/revisions"}],"predecessor-version":[{"id":777022962,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022941\/revisions\/777022962"}],"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=777022941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}