APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Capital Markets

Universal Entertainment / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/13915" target="_blank" data-smartkarma-citation="entities:13915:1">Universal Entertainment Corp (6425 JP)</a> is raising approximately USD191m (JPY21.9bn) through the sale of 5m treasury shares (9.9%). The proceeds will be used to fund the operations of Okada Manila.</p><p>The deal scores well on our framework owing to its strong price momentum and less leveraged balance sheet relative to peers. The company recently revised its forecast of its FY2017 net income up by more than 100% and announced a dividend. Optimism of Philippines casino and Japan casino bill may continue…</p>

Universal Entertainment Corp (6425 JP) is raising approximately USD191m (JPY21.9bn) through the sale of 5m treasury shares (9.9%). The proceeds will be used to fund the operations of Okada Manila.The deal scores well on our framework owing to its strong price momentum and less leveraged balance sheet relative to peers. The company recently revised its forecast of its FY2017 net income up by more than 100% and announced a dividend. Optimism of Philippines casino and Japan casino bill may continue…

Universal Entertainment - Positive News Flow May Continue but Discount Has yet to Be Determined

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

<ul><li>A look at the dynamic demos of the Japanese integrated casino resort potential.</li><li><a href="https://www.smartkarma.com/entities/807" target="_blank" data-smartkarma-citation="entities:807">Las Vegas Sands Corp (LVS US)</a>, <a href="https://www.smartkarma.com/entities/606" target="_blank" data-smartkarma-citation="entities:606">Wynn Resorts Ltd (WYNN US)</a>, <a href="https://www.smartkarma.com/entities/16227" target="_blank" data-smartkarma-citation="entities:16227">MGM Resorts International (MGM US)</a> and Asia-based <a href="https://www.smartkarma.com/entities/810" target="_blank" data-smartkarma-citation="entities:810">Melco Crown</a> or <a href="https://www.smartkarma.com/entities/805" target="_blank" data-smartkarma-citation="entities:805">Sjm Holdings Ltd (880 HK)</a> are top contenders.</li><li>The entry points are now.</li><li>Up to $15 billion will be invested in the biggest global move in gaming since Macau in 2004</li></ul>

A look at the dynamic demos of the Japanese integrated casino resort potential.Las Vegas Sands Corp (LVS US), Wynn Resorts Ltd (WYNN US), MGM Resorts International (MGM US) and Asia-based Melco Crown or Sjm Holdings Ltd (880 HK) are top contenders.The entry points are now.Up to $15 billion will be invested in the biggest global move in gaming since Macau in 2004

Japan's Upper House Passes Casino Bill: It's a Potential Runway to a $30 Billion Industry

Japan

Universal Entertainment Corporation develops, manufactures, and sells pachinko, pachinko slot machines, amusement equipments & casino equipments designed for overseas use.  The Company also engages in casino hotel management.

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Universal Entertainment (6425 JP)

Universal Entertainment - Positive News Flow May Continue but Discount Has yet to Be Determined

Universal Entertainment Corp (6425 JP) is raising approximately USD191m (JPY21.9bn) through the sale of 5m treasury shares (9.9%). The proceeds...

Zhen Zhou, Toh

Japan's Upper House Passes Casino Bill: It's a Potential Runway to a $30 Billion Industry

A look at the dynamic demos of the Japanese integrated casino resort potential. Las Vegas Sands Corp (LVS US), Wynn Resorts Ltd (WYNN US), MGM...

Howard J Klein

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