Revenue of Universal Entertainment declines by 1% during the first half of 2025
In the world of international entertainment, Universal Entertainment Corporation has reported a 1% drop in net sales for the first half of 2025, totalling ¥62.18 billion. This decline, however, was not evenly distributed across all sectors.
The Philippine integrated resort, Okada Manila, experienced a significant setback, with a 16.9% year-on-year decline in revenue, amounting to ¥34.6 billion. This downward trend was influenced by several factors.
Firstly, gaming revenues saw a noticeable decrease. Additionally, the hotel and food & beverage segments underperformed, contributing to the overall decline. The resort also faced reduced visitor numbers from key markets such as South Korea and China.
Furthermore, a nationwide ban on Philippine Offshore Gaming Operators (POGOs) had an indirect impact on the VIP segment of land-based casinos in Manila, further affecting Okada Manila's performance.
Despite these challenges, growth in Universal’s pachinko business could not compensate for the losses at Okada Manila, resulting in an operating loss at the resort and a net loss for the company overall.
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- The decline in Universal Entertainment Corporation's net sales could have been partially mitigated if there was growth in the finance sector, such as an increase in investments or loans related to the industry.
- The decrease in revenue at Okada Manila was not limited to the gaming industry alone; it also extended to the finance sector, as the resort's VIP segment was affected by the nationwide ban on Philippine Offshore Gaming Operators (POGOs).
