Expansion into casino and electronic casino-related businesses in Southeast Asia
First written in FY2017-Q3. 6 of 13 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AchievedAnnual report
「Further, under this policy, on 23 March 2020 the Company transferred all of its shares in GDLH to a third-party investor and excluded GDLH from the scope of consolidation as of the end of the consolidated fiscal year.」
Under the policy of fully withdrawing from the contracted electronic casino operations business in Southeast Asia, the Company transferred all of its shares in GDLH and excluded the company from the scope of consolidation. - FY2020-Q3AdvancedAnnual report
「With respect to the contracted electronic casino operations business in Southeast Asia, operating losses have continued, and a substantial improvement in performance is considered difficult given the outlook. Taking into account these factors and the decline in distribution prices for used casino machines, which resulted in the recognition of impairment losses on machines held by GDLH, the Company's Board of Directors, at its meeting held on 18 October 2019, decided on a policy of fully withdrawing from the business. In addition, under this policy, the contract for contracted operations in Cambodia's Poipet area ended on 30 November 2019.」
It describes progress in implementing the withdrawal, stating that the contract for contracted operations in Cambodia's Poipet area ended at the end of November 2019 under the policy of full withdrawal. - FY2020-Q2DroppedAnnual report
「With respect to the contracted electronic casino operations business in Southeast Asia, operating losses have continued, and a substantial improvement in performance is considered difficult given the outlook. In light of these factors, as well as the decline in distribution prices for used casino machines that resulted in the recognition of an impairment loss of ¥112 million on machines held by GDLH in the second quarter, the Company's Board of Directors, at its meeting held on 18 October 2019, decided on a policy of fully withdrawing from the business.」
It states that the Company decided on a policy of fully withdrawing from the electronic casino operations business in Southeast Asia, taking into account continuing operating losses, the difficulty of improving performance and impairment of the machines held. - FY2020-Q1AdvancedAnnual report
「Singapore consolidated subsidiary GDLH Pte. Ltd., established to enter the casino operations business in Southeast Asia, has been contracted to operate slot machines at casinos in the Pailin and Poipet areas of Cambodia and is accumulating operating expertise.」
It states that, in addition to the existing Pailin area, the Company has been contracted to operate slot machines in the Poipet area, expanding its operating territory. - FY2019-Q3RestatedAnnual report
「Singapore consolidated subsidiary GDLH Pte. Ltd., established to enter the casino operations business in Southeast Asia, has been contracted to operate slot machines at casinos in the Pailin area of Cambodia and is accumulating operating expertise.」
GDLH continues its contracted slot-machine operations in Cambodia's Pailin area and is accumulating operating expertise. - FY2019-Q2RestatedAnnual report
「Singapore consolidated subsidiary GDLH Pte. Ltd., established to enter the casino operations business in Southeast Asia, has been contracted to operate slot machines at casinos in the Pailin area of Cambodia and is accumulating operating expertise.」
GDLH continues its contracted slot-machine operations in Cambodia's Pailin area and is accumulating operating expertise. - FY2019-Q1RestatedAnnual report
「Singapore consolidated subsidiary GDLH Pte. Ltd., established to enter the casino operations business in Southeast Asia, has been contracted to operate slot machines at casinos in the Pailin area of Cambodia and is accumulating operating expertise.」
GDLH continues its contracted slot-machine operations in Cambodia's Pailin area and is accumulating operating expertise. - FY2018RestatedAnnual report
「At Singapore consolidated subsidiary GDLH Pte. Ltd., established at the end of the previous fiscal year to enter the casino operations business in Southeast Asia, operations at its Cambodia branch officially began in June of the previous year, and it has been contracted to operate slot machines at casinos in the Pailin area of Cambodia.」
It continues to describe the official launch of the Cambodia branch and its contracted slot-machine operations in the Pailin area. - FY2018-Q3RestatedAnnual report
「At Singapore consolidated subsidiary GDLH Pte. Ltd., established at the end of the previous fiscal year to enter the casino operations business in Southeast Asia, operations at its Cambodia branch officially began in June of this year, and the branch has been contracted to operate slot machines in the Pailin area of Cambodia.」
It continues to describe the official launch of the Cambodia branch and its contract to operate slot machines, as in the previous quarter. - FY2018-Q2AdvancedAnnual report
「At Singapore consolidated subsidiary GDLH Pte. Ltd., established at the end of the previous fiscal year to enter the casino operations business in Southeast Asia, operations at its Cambodia branch officially began in June of this year, and the branch has been contracted to operate slot machines in the Pailin area of Cambodia.」
It states that operations at the Cambodia branch officially began in June and that the branch was contracted to operate slot machines in the Pailin area, moving beyond the preparation stage. - FY2018-Q1RestatedAnnual report
「The Group newly established consolidated subsidiary GDLH Pte. Ltd. in Singapore in February of this year, primarily to enter the casino operations business in Southeast Asia, and is preparing to commence operations.」
Preparation continues for the Southeast Asian casino operations business based on Singapore consolidated subsidiary GDLH Pte. Ltd. - FY2017AdvancedAnnual report
「Using the newly established Singapore consolidated subsidiary GDLH Pte. Ltd. as its base, the Company will first launch an electronic casino operations business in Cambodia. In the first year, it will build an operating structure and accumulate operating expertise, while also researching opportunities to enter other Southeast Asian countries and pursuing project development and negotiations in parallel to further expand the business.」
Following the establishment of the Singapore subsidiary and its inclusion as a consolidated subsidiary, the Company has specified plans to begin electronic casino operations in Cambodia and build an operating structure during the first year. - FY2017-Q3First statedAnnual report
「At a meeting of the Company's Board of Directors held on 20 January 2017, the Company resolved to establish a subsidiary as follows in order to expand its business areas.」
GDLH Pte. Ltd. was established in Singapore, with capital of US$4 million, a 100% investment ratio by the Company and establishment planned for February 2017. Its business activities comprise operations in casinos and electronic casino facilities in Southeast Asian countries, sales of slot machines and other equipment, and consulting.