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Market · Philippines · Sun 4 Oct · 1 min read

Fitch gives Okada Manila a three-year cash burn warning

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What happened

Fitch projecting at least three years of negative free cash flow for Universal Entertainment is a credit-market verdict on Okada Manila's trajectory, not a forecast that operators can wait out. For Philippine IR competitors, this is a competitive positioning gift: a distressed Okada cannot invest aggressively in programming, renovation, or player acquisition while burning cash.…

Sources: ASGAM

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