YEN14.00bn came from the sales of gaming machines, although this decreased significantly from 2020 by 71.4%. A further YEN14.10bn was generated from integrated resorts, with Tiger Resorts Leisure and Entertainment – which reported its results last month – contributing YEN8.0bn. YEN537m came from other or unallocated sources.
Expenses declined, but not enough to prevent the operator from making a loss.
Sales expenses dropped to YEN16.43bn, decreasing 38.4%. General and administrative expenses also fell to YEN20.95bn.
The company made an operating loss of YEN14.19bn for the first half of the year, with a Covid-19-enduced state of emergency declared in most prefectures of Japan a contributing factor. After accounting for income taxes, net losses totaled YEN16.93bn.
Gaming machine losses were YEN2.32bn, integrated resort losses totaled YEN2.02bn, while other and unallocated sources lost YEN4.36bn. Non-operating expenses were YEN5.29bn, however non-operating income amounted to YEN5.29bn.
Original article: https://igamingbusiness.com/universal-entertainment-half-year-financial-results-shows-revenue-decrease/
