Hong Kong-listed slot supplier Dynam Japan Holdings Co. Ltd. is pursuing approval in Singapore for a series of casino video slots, including several titles featuring the pachinko-style game concept the company has featured in two casino installations in Macau.
According to a report in GGRAsia, Dynam Japan, which has suffered because of the closure of its 428 Japanese pachinko parlors due to the Covid-19 pandemic, is seeking Singapore approval of titles including “Fortune Frogs,” “Fortune Frogs in Mid-Autumn” and “Double Frogs.” The titles are in place at the Legend Palace casino in Macau since November, and were introduced in January at the Ponte 16 casino hotel.
The series as developed in partnership with Singapore-based Weike Gaming Technology, according to the report already a successful supplier in Singapore. Dynam is seeking to install the games at Singapore’s two gaming resorts, Marina Bay Sands and Resorts World Sentosa.
Dynam Japan, despite the pachinko parlor closure, reported that the company will log a profit for the quarter ending September 2020, with business expected to return to normal by October. Company officials added that they don’t expect the company to return a profit for the entire fiscal year.
“It is expected that our profit will decline sharply and we will not make a profit for the three-month period ending 30 June 2020, but will make a profit for the three month period ending 30 September 2020,” said a company statement published by Inside Asian Gaming. “It is also expected that we will return to normal from October 2020, and will make a profit for the financial year ending 31 March 2021.”
In order to expedite the recovery, Dynam said it will reduce the cost of machines by 20 percent, personnel costs by 10 percent, variable costs by 15 percent and fixed costs by 5 percent.
“We will control decrease of revenue due to the influence from coronavirus infection and secure the stable earnings continuously by lowering the break-even point through productivity reform and restructuring,” the statement said.
Dynam Japan says it is looking at ways to reduce costs in the coming months following a decline in revenue of up to 35 percent for April and May due to pachinko hall closures during Covid-19.
