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Universal Entertainment expecting $165.3 million loss in 2021

Universal Entertainment Corp is expecting to record a loss of JPY18.8 billion ($165.3 million) for the year ended December 31, 2021. 

The company based the estimates on the orders received in its Amusement Requirements Business, as well as the fourth-quarter results of Tiger Resort Leisure and Entertainment Inc, which operates Okada Manila in the Philippines. 

The forecasted loss is slightly narrowed from a loss of JPY19.2 billion in the prior-year period. 

Meanwhile, forecasted net sales is JPY90.4 billion, down slightly from JPY90.9 billion in 2021. 

The company has however refrained from making a forecast for the 2022 year, given “difficulties in computing the effects of the global spreading of the novel coronavirus on its full-year consolidated business results.”

AGBrief Editorial
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The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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