Universal Entertainment Corp expects 8.6 percent decline in profit in 2015

Japan’s Universal Entertainment Corp has announced it expects to record an 8.6 decline in profit in the fiscal year ending Mar. 31 at JPY9.3 billion (US$81.9 million),  according to a recent announcement.

The company, which is currently investing in the Manila Bay Resorts casino development in the Philippines, is run by gaming entrepreneur Kazuo Okada estimates net sales to be up 13.9 percent to JPY100.3 million for the fiscal year.

The casino development, located in Entertainment city, is scheduled to open in Dec. 2016, and “construction is proceeding and has reached the stage of installing the glass facade and performing other work,” said the firm in its announcement.