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

Monday, 04 December 2017 22:51
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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.

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