Scientific Game

2017 Inside Asian Gaming Power 50: Number 41 - Jun Fujimoto

Monday, 04 December 2017 22:51
Share
Visit us

Fujimoto is known for being intensely private. Described by an IAG source in Japan as “a ghost,” he’s the only member of the BIG 50 we haven’t been able to find a picture of, and believe us we’ve tried. If anyone has one – please get in touch!


41 Jun Fujimoto

EXECUTIVE DIRECTOR AND PRESIDENT
Universal Entertainment

POWER SCORE
616

LAST YEAR
-

CLAIMS TO FAME
• Universal founder Kazuo Okada “protégé” blamed for chairman’s ouster
• Leading corporate deliberations on fate of Okada Manila

What to do with someone else’s dream? That’s the dilemma for Jun Fujimoto and colleagues at Universal Entertainment, Japan’s pachinko and gaming machine maker that owns Okada Manila, the partially finished IR named for Universal founder Kazuo Okada in the Philippine capital’s Entertainment City.

Mr Fujimoto and the family of Mr Okada were reportedly behind the boardroom coup that ousted Chairman Okada in June amid allegations he misappropriated some US$20 million in corporate funds. Okada Manila, soft opened last December, also has a legacy of actual and alleged infractions, notably bribery of government officials. The ex-chairman’s signature project requires heavy investment to complete its US$2.8 billion first phase of 1,000 rooms, 500 gaming tables and 3,000 machines surrounding the world’s largest dancing fountain that premiered in March.

On the other hand, Okada Manila would be the biggest IR in Manila Bay’s burgeoning casino hub. Already pulling 13% market share with its barebones frame, Morgan Stanley projects 2019 gaming revenue of US$1.1 billion, 32% of Manila’s IR market. The IR diversifies Universal from a gaming machine sector increasingly dominated by behemoths and boosts its credibility for a Japan IR stake, Mr Okada’s dream.

The Okada Manila decision will shape Universal’s future.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52