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Uncertainty for Okada Manila is “significant,”

Uncertainty for Okada Manila is “significant,” says Fitch

There is significant uncertainty about the recovery and expansion prospects of Okada Manila given the severity of the Covid-19 outbreak in the Philippines, Fitch Ratings said.

Universal H1 results get boost from pachinko and pachislot sales

Universal Entertainment bucked the trend by reporting a group-wide 24.9 percent increase in net sales for the first half of 2020, with brisk pachinko...

Sega Sammy reports 33.5 percent sales decrease for April-June quarter

Sega Sammy Holdings has reported that its net sales for the April-June quarter amounted to almost JPY48.4 billion (US$457 million), a year-on-year decrease of...

Okura Holdings expects profit to fall

Okura Holdings said it expects to record a decrease in profit of 83 percent for the eleven months ended 31 May 2020, mainly attributed...
Dynam pachinko hall

Dynam sees profit this year despite Covid-19 shutdowns

Dynam Japan Holdings said it didn’t expect to make a profit in the current quarter after the government ordered the closure of its pachinko parlours in Japan, but does expect to be back in the black for the full financial year, ending March 2021. 

Japan lifts state of emergency for most of the country

Prime Minister Shinzo Abe announced on Thursday evening that the Covid-19 state of emergency has been lifted for 39 of Japan’s 47 prefectures. However, the...

Fitch sees 70% Q2 revenue drop for Okada, downgrades Universal

Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.

More prefectural governors take aim at defiant pachinko parlors

Osaka’s high-profile conflict with pachinko parlors that have refused to suspend operations in spite of Covid-19 state of emergency requests has begun to spread...

Osaka goes to war with defiant pachinko parlors

The Osaka prefectural and municipal governments engaged in a very public campaign to force a handful of defiant pachinko parlors to suspend their operations...

Covid-19 accelerates decline of the pachinko industry

Oftentimes what periods of great crisis do is less to create entirely new trends, but rather to accelerate history, to speed along existing trends much faster than the leisurely evolution that might otherwise have occurred.

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