{"id":473,"date":"2024-06-27T16:13:23","date_gmt":"2024-06-27T13:13:23","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/total-earnings-decreased-despite-arcade-sales-growth-with-integrated-resort-earnings-falling\/"},"modified":"2024-06-27T16:13:23","modified_gmt":"2024-06-27T13:13:23","slug":"total-earnings-decreased-despite-arcade-sales-growth-with-integrated-resort-earnings-falling","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/total-earnings-decreased-despite-arcade-sales-growth-with-integrated-resort-earnings-falling\/","title":{"rendered":"Total earnings decreased despite arcade sales growth, with integrated resort earnings falling"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/8vjtTYboOoU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Global Entertainment: Total earnings decreased despite arcade sales growth, with integrated resort earnings falling &#8211; iGB<\/p>\n<p>Japanese gaming content creator and integrated resort operator Global Entertainment witnessed a 17.5% annual decrease in earnings for the nine months ending September 30, with a dip in income from its Philippines integrated resort offsetting robust performance from its arcade business.<\/p>\n<p>Home > Casino &#038; Gaming > Land-based Casinos > Total earnings decreased despite arcade sales growth, with integrated resort earnings falling<\/p>\n<p>Total earnings decreased despite arcade sales growth, with integrated resort earnings falling<\/p>\n<p>Earnings for the initial three quarters of the year thus far reached JPY 77.14 billion (\u00a3555.3 million\/\u20ac620.3 million\/$732.4 million), with Global\u2019s amusement machine business, which incorporates pachinko and pachislot sales, contributing JPY 55.55 billion, up 31.0% annually.<\/p>\n<p>However, the division only contributed JPY 6.70 billion in the third quarter, a substantial annual drop.<\/p>\n<p>This was driven by a strong first half, with sales more than doubling to JPY 48.85 billion, due to the launch of new pachinko equipment in the initial six months of 2020.<\/p>\n<p>Global explained that the third-quarter decline was due to the coronavirus (COVID-19) pandemic, which has made pachinko parlor operators cautious about replacing existing machines with new ones.<\/p>\n<p>The integrated resort division, which includes the Okada Manila resort in the Philippines, saw sales fall 58.6% to JPY 20.56 billion. <\/p>\n<p>The estate was shut down in March and brought back to life in the middle of September.<\/p>\n<p>Universal emphasized that despite being permitted to resume operations, its maximum capacity is still capped at 30%.<\/p>\n<p>Other income streams, including its gaming and social gambling games, declined by 19.0% to 9.3 billion yen. Its &#8220;Your Husband!? Pluto&#8221; title proved &#8220;instantly popular,&#8221; while its Slots Street social gambling application launched Golden Hibiscus, its second slot machine developed in conjunction with Sega, following its 2019 release of a mahjong game.<\/p>\n<p>Turning to expenditures, operating expenses decreased to 33.14 billion yen for the period, with gross profit at 44.01 billion yen, down by 9.1%. Sales, general and administrative expenses also decreased, bringing Universal&#8217;s nine-month net profit to 7.8 billion yen, an increase from 1.39 billion yen in the previous year.<\/p>\n<p>After non-operating income of 13.2 billion yen and non-operating expenses of 95.2 billion yen, Universal recorded an operating loss for the period of 3.94 billion yen, a substantial reduction from the 64.6 billion yen loss in 2019.<\/p>\n<p>When depreciation and amortization factors are taken into account, earnings before interest, taxes, depreciation and amortization (EBITDA) for the period was 208.1 billion yen, down by 2.8%.<\/p>\n<p>Despite the substantial reduction in operating losses, the company subsequently recorded a non-recurring non-operating loss of 68.1 billion yen related to the closure of its Philippine property.<\/p>\n<p>This resulted in a slight increase in pre-tax losses to 7 billion yen. <\/p>\n<p>Although there was a minor decrease in tax postponement, the ultimate net loss still amounted to 68.1 billion yen, representing an 18.8% rise compared to the same period in the previous year.<\/p>\n<p>Picture: Tomas Cermak, sourced from Freeimages.com<\/p>\n<p>Sign up for the iGaming Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Entertainment: Total earnings decreased despite arcade sales growth, with integrated resort earnings falling &#8211; iGB Japanese gaming content creator and integrated resort operator Global Entertainment witnessed a 17.5% annual decrease in earnings for the nine months ending September 30, with a dip in income from its Philippines integrated resort offsetting robust performance from its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Entertainment: Arcade Growth Can<\/title>\n<meta name=\"description\" content=\"Global Entertainment\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/total-earnings-decreased-despite-arcade-sales-growth-with-integrated-resort-earnings-falling\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Total earnings decreased despite arcade sales growth, with integrated resort earnings falling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Global Entertainment\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/27\/total-earnings-decreased-despite-arcade-sales-growth-with-integrated-resort-earnings-falling\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; 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