GGRAsia – Universal Ent presses on with share buy-backs

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Universal Ent presses on with share buy-backs

Jul 02, 2019 Newsdesk Japan, Latest News, Philippines, Top of the deck

Universal Ent presses on with share buy-backs

Japanese gaming conglomerate Universal Entertainment Corp says it bought back more of its shares in June as it continues a programme designed to please its investors.

Universal Entertainment told the Jasdaq on Monday that it had bought back 75,000 shares of common stock for almost JPY248.54 million (about US$2.29 million) between June 5 and June 30.

The company noted that its board had authorised on June 4 the buying back of up to 300,000 shares of common stock between June 5 and July 31 – or 0.38 percent of those outstanding – to a maximum cash value of JPY1 billion.

Universal Entertainment has been in dispute with its founder and former chairman, Japanese gaming magnate Kazuo Okada, who is trying to regain control of the company.

Universal Entertainment is the parent company of Tiger Resort, Leisure and Entertainment Inc, which promotes the Okada Manila casino resort in the Philippines.

Related articles

Okada Manila boosts parent’s results,...
Nov 13, 2019
Okada Manila strong VIP casino biz...
Oct 23, 2019

More news

Macau junket trade boss says 4Q VIP...
Nov 15, 2019
Bloomberry appeals US$296mln award to...
Nov 15, 2019

Macau junket trade boss says 4Q VIP demand still weak

Macau junket trade boss says 4Q VIP demand still weak

Nov 15, 2019

The outlook for Macau’s VIP gambling segment remains clouded for the remainder of the fourth quarter, and market consolidation regarding some local smaller-scale junket operators is likely to...

Bloomberry appeals US$296mln award to GGAM: filing

Bloomberry appeals US$296mln award to GGAM: filing

Nov 15, 2019

Nagasaki fully backs Sasebo IR location: vice governor
Nov 06, 2019

A senior official of Japan’s Nagasaki prefecture has...
NagaCorp open to new development opportunities: chairman
Jul 15, 2019

Hong Kong-listed casino operator and developer NagaCorp Ltd...
Casino logistics provider TKHS aims for global footprint
Jul 12, 2019

Asia-based casino logistics provider TKHS Group has plans...
Nagasaki official hopes for casino RFC phase by autumn
Jul 04, 2019

Japan’s Nagasaki prefecture and Sasebo city aspire to...
Macau Legend Laos expansion soft launch early 2020: exec
Jun 12, 2019

Hong Kong-listed casino services firm Macau Legend...