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Largest Casinos & Gambling Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Sankyo, Heiwa, Tokyotokeiba, Tsuburaya Fields Holdings and Universal Entertainment.
 | Sankyo Co Ltd manufactures and sells pachinko and pachislot machines to the gambling industry. The company operates through three segments. The Pachinko Machine Related Business involves the manufacture and sale of pachinko machines, gauge boards, related parts, and associated royalty operations. The Pachislot Machine Related Business focuses on producing and selling pachislot machines and related components, as well as engaging in royalty activities. The Supply Equipment Related Business handles the installation and sale of pachinko and pachislot supply equipment, card systems, and hall peripherals, supported by royalty income. The Others segment covers non-reportable activities such as real estate leasing and the sale of general molded parts. | $10 | -40% | $2B | $795M | 0.7x | 1.7x | ||
| Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan. | $12 | -6% | $1B | $5B | 5.0x | 22.5x | ||
| Tokyotokeiba Co Ltd is a gambling company primarily engaged in horse racing. The company has four major business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan. | $30 | -2% | $769M | $748M | 2.7x | 5.2x | ||
| Tsuburaya Fields Holdings Inc formelry, Field Corp is a Japanese company which primarily develops and distributes gaming machines. The company designs, develops, sells, and maintains Pachinko and Pachislot gaming machines and software. In addition to its core gaming machine business, the company produces, licenses, and merchandises comics, movies, and interactive media content. Field Corp organises itself into four segments: comics, animation, movies/TV, and merchandising. The company is headquartered in Japan and generates all revenue domestically. | $9 | -34% | $539M | $402M | 0.5x | 3.6x | ||
| Universal Entertainment Corp is a Japanese manufacturer of gaming machines. The company's primary business, which constitutes the majority of consolidated revenue, is to manufacture and sell Pachislot and Pachinko gaming machines, and related parts and peripherals. Universal Entertainment also operates the Okada Manila casino resort in Manila Bay, Philippines. In addition to gaming operations, the company has businesses in media content, broadcasting, online games, and restaurants. The company derives the vast majority of income domestically. | $4 | -29% | $335M | $1B | 1.7x | (1.0x) | ||
| DYNAM JAPAN HOLDINGS Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in operating pachinko and pachislot game halls, which provide a series of services from renting pachinko balls and pachislot tokens to exchanging prizes. The group has identified two reportable segments, namely the Pachinko business, which generates maximum revenue, and the Aircraft leasing business. Geographically, it derives maximum revenue from Japan and the rest from Ireland. | $0 | -9% | $273M | $1B | 1.8x | 3.6x | ||
| Median | $9 | -19% | $654M | $1B | 1.7x | 3.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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