{"id":9259,"date":"2025-06-11T05:14:38","date_gmt":"2025-06-11T05:14:38","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/06\/11\/universal-entertainment-outlook-cut-as-okada-slows\/"},"modified":"2025-06-11T05:14:38","modified_gmt":"2025-06-11T05:14:38","slug":"universal-entertainment-outlook-cut-as-okada-slows","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/06\/11\/universal-entertainment-outlook-cut-as-okada-slows\/","title":{"rendered":"Universal Entertainment Outlook Cut as Okada Slows"},"content":{"rendered":"<div>\n<p>S&#038;P Global Ratings has revised its view on Universal Entertainment Corp, changing the outlook on the Japanese group\u2019s long-term issuer credit rating from \u201cstable\u201d to \u201cnegative.\u201d The agency cited ongoing weak performance across core segments, especially the <strong><a href=\"https:\/\/igaming.org\/casino\/a-world-of-luxury-at-okada-manila-in-the-heart-of-the-philippines\/\">Okada Manila casino resort<\/a><\/strong> in the Philippines.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>S&#038;P retained its \u2018B\u2019 long-term rating for Universal and its senior debt.<\/strong><\/em><\/li>\n<li><em><strong>Okada Manila\u2019s GGR fell over 11% year-on-year in Q1 2025.<\/strong><\/em><\/li>\n<li><em><strong>Full-year EBITDA at Okada Manila dropped nearly 38% from 2023.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>According to S&#038;P, both the domestic pachinko segment and Philippine casino operations have delivered weaker-than-expected results. The agency warned that Universal\u2019s financial condition could worsen within the next year if performance fails to improve.<\/p>\n<p>Although Okada Manila has launched cost-cutting efforts and non-gaming promotions, S&#038;P remains cautious. It expects EBITDA from the casino business to reach around JPY24 billion (approximately $165.9 million) over the next 12 months.<\/p>\n<p>Universal\u2019s overall consolidated EBITDA is projected to recover slightly\u2014from JPY21.2 billion in 2024 to JPY29 billion in the current fiscal year. Still, that is just 70% of what the company recorded in a stronger 2023.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Okada Manila\u2019s total gross gaming revenue for 2024 dropped by 21.8%, down to PHP34.82 billion ($623.8 million). Segmental EBITDA also declined to PHP7.64 billion, marking a 37.8% fall compared to 2023.<\/p>\n<p>S&#038;P said the risk of Universal breaching financial covenants remains low but warned that slow recovery may limit future capacity. The agency stated, <em>\u201cThere is a certain possibility that [Universal\u2019s] earnings may fall short of expectations and the outlook for recovery may be pushed back.\u201d<\/em><\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/universal-entertainment-outlook-cut-as-okada-slows\/\">Universal Entertainment Outlook Cut as Okada Slows<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S&#038;P Global Ratings has revised its view on Universal Entertainment Corp, changing the outlook on the Japanese group\u2019s long-term issuer credit rating from \u201cstable\u201d to \u201cnegative.\u201d The agency cited ongoing weak performance across core segments, especially the Okada Manila casino resort in the Philippines. Good to know S&#038;P retained its \u2018B\u2019 long-term rating for Universal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9259","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9259"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9259\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}