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Top court rules Universal Entertainment CEO guilty of breaching fiduciary duty
Japan's Universal Entertainment has faced a legal setback, after the Tokyo High Court delivered a verdict against its founder and CEO, Jun Fujimoto, in a shareholder lawsuit.
Universal Entertainment’s profit up 150% to $189 million in 2023
Japan’s Universal Entertainment has announced a 147 percent surge in net income attributable to parent owners, reaching JPY28.4 billion ($189 million) in 2023.
Universal Entertainment sees Emerald Bay as “next step”: Okada Manila executive
Universal Entertainment sees its investment into Cebu-based Emerald Bay as its “next step”, according to the Chief Managing Director of Okada Manila, as the group is expecting even stronger returns next year.
Universal Entertainment’s 3Q23 results boosted by Okada Manila and Pachinko sales
Universal Entertainment's Okada Manila saw a strong revamp in gross gaming revenue during the third quarter, rising to PHP12.35 billion, up some 29.7 percent yearly, as VIP, mass and gaming machines saw increases year-on-year.
Universal Entertainment raises 2023 profit forecast by nearly 52 percent
Japan’s Universal Entertainment has raised its 2023 profit forecast by 51.8 percent, citing the strong performance of its Philippines integrated resort Okada Manila as the primary reason for the improved outlook.
Universal Entertainment expects appeal of SPAC merger annulment decision
Okada Manila operator Universal Entertainment Corp says that it is expecting Special Purpose Acquisition (SPAC) company 26 Capital to appeal a recent decision by a US court judge that the company does not have to complete a proposed $2.5 billion merger to list the operator on the NASDAQ.
Universal Entertainment not required to complete SPAC merger with 26 Capital: judge
A top US judge has ruled that the operator of Okada Manila, Universal Entertainment Corp, does not have to complete a Special Purpose Acquisition Company (SPAC) merger with 26 Capital Acquisition Corp.
Universal points an accusing finger at SPAC in Okada Manila dispute
Universal Entertainment, the parent company of Okada Manila casino resort, has denied the allegation hurled against them by 26 Capital, the special purpose acquisition company (SPAC), accusing the SPAC was attempting to ‘execute a reverse merger with them’.
SPAC alleging Universal improperly influenced PH legislator in Okada Manila dispute
26 Capital, a special purpose acquisition company, alleged that Universal Entertainment sought to improperly influence a prominent Filipino legislator to regain control of Okada Manila property
Fitch affirms stable outlook for Universal Entertainment, estimates IR revenue to rise 40% in 2023
Ratings agency Fitch has affirmed its Universal Entertainment (UE) 'stable' outlook, estimating that the company’s integrated resort (IR) revenue will rise by 40 percent this year, to be followed by more modest growth of around 20 percent in 2024 and 2025.
