• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Dynam posts 4.8 pct drop in quarterly revenue

Jul 29, 2014 Newsdesk Japan, Latest News, Top of the deck  


Dynam posts 4.8 pct drop in quarterly revenue

Japanese pachinko hall management company Dynam Japan Holdings Co Ltd said total revenue for the quarter ended June 30 decreased by approximately 4.8 percent year-on-year to JPY38.2 billion (US$375 million).

That was the result of an 8.3 percent year-on-year decline, to JPY213 billion, in total gross pay-ins, the company said in a filing to the Hong Kong Stock Exchange on Tuesday. Dynam did not report the profit for the quarter.

“During the [fiscal] first quarter, the utilisation of pachinko machines decreased mainly due to increase in consumption tax in the entire industry compared with the same period in the previous year,” the company said in the filing.

Japan raised its sales tax to 8 percent from 5 percent in April, in a bid to reduce its hefty debt pile.

Dynam said it intends to promote during the year the opening of pachinko halls with “low playing costs”. The company operated 377 pachinko halls in Japan as of June 21, according to the company’s website. Dynam plans to expand that by more than two-and-a-half times to 1,000 pachinko halls by March 2023, it said in its annual report.

Dynam is a backer of Macau casino services firm Macau Legend Development Ltd, having invested US$85 million in the company since June last year.

In its annual report, Dynam also stated it “will seek to have a space” in Japan’s casino industry, if gambling is legalised in the country. Equity research firm Advanced Research Japan Co Ltd said earlier this month that Dynam is a top candidate for a casino licence in Japan.


  • tweet
Related articles
  • Melco Resorts debt/EBITDA ratio to worsen in 2021: Moody’s
    Melco Resorts debt/EBITDA ratio to...

    Jan 14, 2021  

  • Macau govt leaves door open to casino concession extension
    Macau govt leaves door open to casino...

    Dec 23, 2020  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us