Asia round-up Universal Entertainment Q1 report BetMakers signs Malaysia partnership

Universal Entertainment posts positive net income for Q1 Universal Entertainment Group has posted net income of JPY 10

Universal Entertainment posts positive degree nett income for Q1

Universal Entertainment Group has posted sack up income of JPY 10.9bn ($84.3m) for the first-class honours degree billet of 2021.

The companion notes that a sales increase in its amusement equipment business, and a sloughing of content constraints for its structured resorts business, were integral to its every quarter growth.

Net sales for the foremost quarter reached JPY 27.7bn, upwards 89% year-on-year, spell number assets at the destruction of Q1 amounted to JPY 593.9m, an increase of JPY 21.6m from the prior-year period.

Universal Entertainment has attributed these positively charged gains to increases inwards immediate payment and deposits and non-current assets, as the Japanese yen depreciated inward relation to the Philippine peso.

The company’s liabilities also increased past JPY 7.9m o'er the prior Q1 period, while increases inward corporate bonds are attributed to the yen weakening against the US dollar, the company’s short-term borrowings and expenses relating to construction.

Although a weakened yen may non be good economically, this led to increased profits, alongside a cancellation gain of leasehold contracts and a make associated with a diminish inwards leased asset obligations.

Universal Entertainment has increased its revenue thanks to the take of 100% operating capacities at its Okada capital of the Philippines casino.

Pandemic restrictions inwards Manila, Philippines, ended on 1 Mar 2022, and utilisation rates have skyrocketed at the casino of all time since; alongside profits and higher invitee numbers.

During the pandemic, Universal Entertainment had agreed on the partial sales agreement of some of its land, a decision it and so backtracked on.

It would seem Universal Entertainment made the correct decision to phone cancelled the sale, given its growing revenue rates this side of meat of the pandemic.

BetMakers to render racing and betting solutions for Malayan club

"The ability to release to BetMakers for both our betting technologies and services, as well as for cognitive content statistical distribution management, offers Royal Sabah Turf Club the to the highest degree efficient, in force(p) means by which to get to young markets for our racing”Datuk St. Peter Chin, Chairman of Royal Sabah Turf Club

BetMakers has signed an accord to furnish betting systems and mental object management services for the Royal Sabah Turf Club inward Malaysia.

The gild plays innkeeper to the Tambalang Race Course while supporting an associated off-course betting network, which will at present be run for through and through BetMakers’ Global Tote and Global Racing Network divisions.

Per the agreement, which is contracted for quintuplet years, BetMakers testament supply the Royal Sabah Turf Club with its Quantum™ betting system.

Furthermore, BetMakers will follow the exclusive rights holder to deal races held at the Malayan club, within both Tote and fixed-odds markets.

BetMakers owns Global Tote, which it acquired from Sportech utmost year. Global Tote testament drive home the Quantum™ to the Royal Sabah Turf Club as an SaaS solution, which testament ply the gild with the operational tools and grooming to administer races to racetracks licensed past betting operators worldwide.

The Director of Sales & Business Development for Asia at Global Tote, Lance Ku, commented: “Global Tote is rattling proud of(p) to extend and produce our partnership with Royal Sabah Turf Club.

“The Global Tote solution offers sophisticated capabilities and features that testament help them deliver a tremendous client experience. Combined with Global Racing Network’s professional content management solution, Royal North Borneo has a powerful route by which to follow growing opportunities.”

And the Chairman of Royal North Borneo Turf Club, Datuk Simon Peter Chin, added: “We have been very pleased with the services we invite from Global Tote. Having the ability to turn over to BetMakers for both our betting technologies and services, as wellspring as for mental object statistical distribution management, offers Royal Sabah Turf Club the most efficient, in force(p) substance by which to get to young markets for our racing; unexampled cognitive content for our customers, and new revenue streams.”

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