{"id":266,"date":"2024-06-27T16:08:19","date_gmt":"2024-06-27T13:08:19","guid":{"rendered":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/"},"modified":"2024-06-27T16:08:19","modified_gmt":"2024-06-27T13:08:19","slug":"universal-entertainment-reports-27-3-decline-in-2020-earnings","status":"publish","type":"post","link":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/","title":{"rendered":"Universal Entertainment Reports 27.3% Decline in 2020 Earnings"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/DmNXNffMqtw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Universal Entertainment&#8217;s total earnings for 2020 experienced a decline of 27.3%, reaching 90.87 billion yen (equivalent to $625.3 million\/\u20ac714.2 million\/$865.8 million). This decrease can be attributed to the temporary shutdown of its Okada Manila resort, which counteracted the growth observed in its machine sales division.<\/p>\n<p>Universal Entertainment is a prominent provider of pachinko machines and a leading operator of integrated resorts.<\/p>\n<p>Of this total revenue, pachinko machine sales generated 61.79 billion yen, reflecting a notable increase of 19.7%.<\/p>\n<p>In contrast, revenue derived from the Okada Manila integrated resort amounted to 27.7 billion yen, exhibiting a decrease of 37.0%. An additional 1.2 billion yen was generated from other sources, including social and video games.<\/p>\n<p>All pachinko machines and other income sources were situated in Japan, where a total of 139,152 machines were sold.<\/p>\n<p>The decline in integrated resort revenue was a direct consequence of the closure of Okada Manila on March 15. This closure was mandated by the Philippine Amusement and Gaming Corporation (Pagcor) in response to the novel coronavirus (Covid-19) pandemic. The resort resumed operations on September 9, but remained subject to a 30% capacity restriction.<\/p>\n<p>After accounting for 40.78 billion yen in the cost of goods sold, Universal&#8217;s gross profit amounted to 50.01 billion yen, representing a decrease of 22.7%.<\/p>\n<p>However, Universal&#8217;s expenses related to selling, general, and administrative activities decreased to 47.54 billion yen, resulting in an operating profit of 2.56 billion yen.<\/p>\n<p>Following the deduction of 18.5 billion yen in non-operating income, Universal incurred a net loss of 9.35 billion yen. This represents an increase of 16.5% compared to the previous year, 2019. <\/p>\n<p>The financial performance was primarily influenced by earnings from businesses with reduced ownership in Universal Holdings, coupled with non-operating costs of 13.66 billion yen, which included 10.17 billion yen in interest expenses.<\/p>\n<p>Universal subsequently incurred an extra 10.5 billion yen in exceptional costs, of which 9.17 billion yen was connected to the closure of Okada Manila Resort due to the pandemic.<\/p>\n<p>This resulted in a pre-tax deficit of 19.74 billion yen for Universal, representing a 113.1% year-over-year rise.<\/p>\n<p>After subtracting income tax of 517 million yen, Universal&#8217;s net loss amounted to 19.22 billion yen, a 270.0% increase from the loss in 2019.<\/p>\n<p>Looking forward, Universal stated that the future of both segments of its operations is uncertain due to the effects of the novel coronavirus (COVID-19) pandemic.<\/p>\n<p>The company revealed plans to separate its integrated resort operations in the United States and combine it with a special purpose acquisition company (SPAC).<\/p>\n<p>Image: Tomas Cermak from Freeimages.com<\/p>\n<p>Sign up for the iGaming News Newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Universal Entertainment&#8217;s total earnings for 2020 experienced a decline of 27.3%, reaching 90.87 billion yen (equivalent to $625.3 million\/\u20ac714.2 million\/$865.8 million). This decrease can be attributed to the temporary shutdown of its Okada Manila resort, which counteracted the growth observed in its machine sales division. Universal Entertainment is a prominent provider of pachinko machines and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Universal Entertainment<\/title>\n<meta name=\"description\" content=\"Universal Entertainment\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Universal Entertainment Reports 27.3% Decline in 2020 Earnings\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Universal Entertainment\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T13:08:19+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"headline\":\"Universal Entertainment Reports 27.3% Decline in 2020 Earnings\",\"datePublished\":\"2024-06-27T13:08:19+00:00\",\"dateModified\":\"2024-06-27T13:08:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\"},\"wordCount\":408,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\",\"url\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\",\"name\":\"Universal Entertainment\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/#website\"},\"datePublished\":\"2024-06-27T13:08:19+00:00\",\"dateModified\":\"2024-06-27T13:08:19+00:00\",\"description\":\"Universal Entertainment\",\"breadcrumb\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/tashirodc.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Universal Entertainment Reports 27.3% Decline in 2020 Earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tashirodc.com\/#website\",\"url\":\"https:\/\/tashirodc.com\/\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"description\":\"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.\",\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tashirodc.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/tashirodc.com\/#organization\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"url\":\"https:\/\/tashirodc.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"contentUrl\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"width\":150,\"height\":150,\"caption\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\"},\"image\":{\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/tashirodc.com\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Universal Entertainment","description":"Universal Entertainment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/","og_locale":"en_GB","og_type":"article","og_title":"Universal Entertainment Reports 27.3% Decline in 2020 Earnings","og_description":"Universal Entertainment","og_url":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/","og_site_name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","article_published_time":"2024-06-27T13:08:19+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#article","isPartOf":{"@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/"},"author":{"name":"admin","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"headline":"Universal Entertainment Reports 27.3% Decline in 2020 Earnings","datePublished":"2024-06-27T13:08:19+00:00","dateModified":"2024-06-27T13:08:19+00:00","mainEntityOfPage":{"@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/"},"wordCount":408,"commentCount":0,"publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"articleSection":["Gambling"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/","url":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/","name":"Universal Entertainment","isPartOf":{"@id":"https:\/\/tashirodc.com\/#website"},"datePublished":"2024-06-27T13:08:19+00:00","dateModified":"2024-06-27T13:08:19+00:00","description":"Universal Entertainment","breadcrumb":{"@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tashirodc.com\/2024\/06\/27\/universal-entertainment-reports-27-3-decline-in-2020-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/tashirodc.com\/"},{"@type":"ListItem","position":2,"name":"Universal Entertainment Reports 27.3% Decline in 2020 Earnings"}]},{"@type":"WebSite","@id":"https:\/\/tashirodc.com\/#website","url":"https:\/\/tashirodc.com\/","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","description":"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.","publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tashirodc.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/tashirodc.com\/#organization","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","url":"https:\/\/tashirodc.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/","url":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","contentUrl":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","width":150,"height":150,"caption":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling"},"image":{"@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/tashirodc.com\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/266"}],"collection":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":0,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"wp:attachment":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}