• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Universal Ent pledges investors better liaison

Oct 24, 2018 Newsdesk Japan, Latest News, Philippines, Top of the deck  


Universal Ent pledges investors better liaison

Japanese gaming company Universal Entertainment Corp says it is changing the arrangements that govern its relations with investors.

Universal Entertainment told the Jasdaq Securities Exchange on Tuesday that it was making the changes because it had seen a big increase in inquiries from investors at home and abroad, including in relation to possible expansion into the nascent Japanese casino industry.

The company stated the increase in inquiries followed several industry developments. They were: the enactment of legislation to make casino gaming legal in Japan; a series of company announcements about the opening of a Japanese branch of Tiger Resort, Leisure and Entertainment Inc – also known as TRLEI – the entity that runs the Okada Manila casino resort in the Philippines; and Universal’s acquisition of AsiabestGroup International Inc, which will become an indirect subsidiary for the purpose of floating shares in the Philippines.

“Under such circumstances, the company has reinforced its investor relations structure in order to provide necessary information on the company’s financial condition and its business outcomes in a more appropriate manner so as to help investors make judgments on their investments,” Universal Entertainment told the exchange. “Additionally, the company intends to further enhance the information that it will disclose to investors going forward.”

Universal Entertainment said it had put in place a new investor relations structure which will serve the entire group, including Tiger Resort, Leisure and Entertainment.

The company stated it would try to give investors more information, starting with the information contained in its report for the third quarter of this financial year, which will include figures for earnings before interest, tax, depreciation and amortisation; for casino gross gaming revenue; and for key indicators of the quarterly performance of each of its main businesses, such as casinos or hotels.

The company stated it would also arrange a business report session or conference call for institutional investors after making its third-quarter report.

Universal Entertainment founder Kazuo Okada is trying to regain control of the company, and he and the company are in dispute about several aspects of how it is run.

In another statement to the Jasdaq, made on Monday, Universal Entertainment said it had asked Tokyo’s bar association to discipline a lawyer who served as an auditor of the company for 12 months between 2014 and 2015, accusing him of various wrongdoing, including overcharging and working for the company under an invalid contract.

The claims have been made against Yuki Arai, a noted short-seller of Japanese stocks and a lawyer who represented Universal Entertainment while it was embroiled in an alleged bribery scandal in 2014.

It was alleged at the time that the then management of Tiger Resort, Leisure and Entertainment had bribed officials in the Philippines to ensure it won a licence to establish what has since become the Okada Manila resort.

In December 2014 it was reported that the country’s then prosecutor general had dropped Kazuo Okada’s name from the bribery case due to lack of “sufficient evidence”.

 


  • tweet
Related articles
  • Domestic demand driver for Philippines gaming: Maybank
    Domestic demand driver for Philippines...

    May 23, 2023  

  • Tangam optimisation software at Okada Manila, NagaWorld
    Tangam optimisation software at Okada...

    May 09, 2023  

More news
  • L&W links with Shift4 to expand cashless gaming offering
    L&W links with Shift4 to expand...

    Jun 08, 2023  

  • China Politburo meeting key for any policy shift: UBS
    China Politburo meeting key for any...

    Jun 07, 2023  


Latest News

L&W links with Shift4 to expand cashless gaming offering

L&W links with Shift4 to expand cashless gaming offering

Jun 08, 2023  

Casino equipment and game technology provider Light & Wonder Inc says it has an agreement with Shift4 Payments Inc to integrate the latter’s firm payment processing technology into Light &...
Read More
China Politburo meeting key for any policy shift: UBS

China Politburo meeting key for any policy shift: UBS

Jun 07, 2023  

G2E Asia 2023: Singapore

  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3 pillars: Ken Jolly

    Jun 07, 2023  

    Casino gaming content and hardware provider Light &...
  • ETGs rapid growth segment in Asia: Interblock Michael Hu
    ETGs rapid growth segment in Asia: Interblock Michael Hu

    Jun 06, 2023  

    Electronic table games (ETGs) supplier Interblock dd is...
  • GLI offering RNG test tools, cybersecurity demand growing
    GLI offering RNG test tools, cybersecurity demand growing

    Jun 05, 2023  

    Random number generator (RNG) testing tools are among the...
  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”We’ve said we want to grow EBITDA ... to US$1.4 billion in 2025. And we have a really high level of conviction about getting there”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • Macau GGR in June hit by seasonal slowdown: JP MorganMacau GGR in June hit by seasonal slowdown: JP Morgan June 5, 2023
  • Queen’s Wharf Brisbane opening delayed to April 2024Queen’s Wharf Brisbane opening delayed to April 2024 June 6, 2023
  • China Politburo meeting key for any policy shift: UBSChina Politburo meeting key for any policy shift: UBS June 7, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us