Universal Entertainment Corporation returns to profit as Okada Manila sales surge
Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly released its first-quarter financial results showing that its net income had swelled by over 260% year-on-year to approximately $64.75 million.
According to a Sunday report from Inside Asian Gaming, the encouraging result from the Tokyo-headquartered firm comes after it recorded a loss of about $40.36 million for the same three-month period in 2021 owing to the impacts of the coronavirus pandemic and the related temporary shuttering of its giant Okada Manila property in the Philippines.
Runaway recovery:
Universal Entertainment Corporation reportedly disclosed that a large part of its first-quarter revival had been achieved via the pachinko…