Universal Entertainment Corporation planning to Shoot subordinate public

According to a report from GGRAsia, Tokyo-based Universal Entertainment Corporation created the revelation yesterday as part of its first-quarter financial results but did not disclose that which bourse may be tasked with handling the planned flotation.

Tiger Resort, Leisure and Amusement Incorporated is in charge of the $2 billion Okada Manila incorporated casino resort in the Philippines and last week watched Universal Entertainment Corporation declare that adding additional hotel rooms into the Manila-area facility before the end of the next year is now its own ‘greatest priority’.

GGRAsia noted that Monday moreover saw Universal Entertainment Corporation state that it currently has civil suits and criminal complaints pending in four authorities against its former Chairman, Japanese billionaire Kazuo Okada, along with his Aruze Gaming America Incorporated gaming machine concern. The firm purportedly detailed the cases in the USA, Macau, Hong Kong and the Philippines are ‘seeking the compensation of compensation’ after the infringement of its own ‘patent rights and other rights’.

Seeing its first-quarter fiscal results, Universal Entertainment Corporation allegedly clarified its company-wide profit had struck $1.64 billion off of net sales of just over $177.32 million. Additional it purportedly proclaimed its casino-operating weak, which intends to debut an exclusive VIP casino within Okada Manila after this quarter, had witnessed takings increase by approximately 19 percent quarter-on-quarter to stand at almost $80.71 million while its operating loss decreased by about 38% to roughly $12.78 million.