Universal Entertainment Announcement Regarding Commencement of Discussion With
SHINSEGAE Group of South Korea
TOKYO, Dec. 6, 2012 (GLOBE NEWSWIRE) -- Universal Entertainment Corporation
hereby announces that today, Universal Entertainment Hong Kong Limited, a
wholly owned subsidiary of, has signed a non-disclosure agreement with the
SHINSEGAE Group of South Korea. The agreement was signed in preparation for
commencing discussions regarding the commercial facilities at the casino
resort complex development project at Yeongjongdo Island, Incheon, Korea being
undertaken by the SHINSEGAE Group.
About SHINSEGAE Group
CEO: Chung Yong-Jin
Business Lines: Retailing, fashion business, food and beverages, hotels,
construction, IT, etc.
The SHINSEGAE Group has been a pioneer in the modernization
of South Korea's retail sector. The Group opened the first
modern department store in South Korea in 1930. Today it
Corporate Profile: operates nine department stores (Shinsegae Department
Stores) spread throughout the country, in addition to 137
general merchandise stores (Emart stores) in South Korea
and 27 overseas, and two outlet malls (Premium Outlets).
The SHINSEGAE Group reported sales of 14.5569 trillion Won
(roughly 1.1063 trillion yen at an exchange rate of 100Won
= 7.6 yen) for fiscal 2010.
The impact of this project on the business performance of the company in the
current fiscal year will not be significant. All relevant information required
to be disclosed regarding this project shall be released in a speedy and
CONTACT: MEDIA CONTACTS:
Universal Entertainment Corporation (JASDAQ Code: 6425)
PR&IR OFFICE Nobuyuki Horiuchi,
Assistant General Manager
Ariake Frontier Bldg,A,3-7-26 Ariake,koto-ku,
TEL: +81-3-5530-3055 (switchboard)
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