Universal Entertainment vows to upgrade information disclosure
Universal Entertainment vowed “to provide necessary information on the company’s financial condition and its business outcomes in a more appropriate manner so as to help investors make judgments on their investments.”
The statement indicated that in order to achieve this objective, a new investor relations structure will be put in place across the entire group, including Tiger Resorts. More detailed information will be included in reports, and that briefings will be held for institutional investors.
Universal made clear that one of the key factors pushing them toward better information disclosure is “a sharp increase in inquiries from its domestic and overseas investors following the enactment of Integrated Resort Implementation Bill.”
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.