Universal Entertainment shifts Okada Manila towards mass market and online gaming
Universal Entertainment Corp said Okada Manila will target mass-market customers and develop online gaming after a challenging second quarter in the Philippines. For the three months to 30 June, net sales fell 13.0% year on year to JPY30.1 billion and adjusted EBITDA declined 62.5% to JPY2.74 billion; the company also cited the launch of OKADA PLAY with platform operator PhilWeb Corporation.
Okada Manila’s shift toward mass-market customers and online gaming responds to lower sales and adjusted EBITDA.