Sega Sammy plans to spend Y120 billion ($1 billion) on its participation in an IR in Yokohama, which if successful is likely to open in the late 2020s, it said.
The firm formally submitted its request for proposal on Friday. The company, which operates Paradise Sega Sammy in South Korea, is teaming with Genting Singapore and other Japanese firms on the bid.
Sega Sammy is seeing a patchy recovery in Asia’s markets, but says once social distancing measures are removed, there appears to be underlying pent-up demand. The company has been active with projects and product placements and is finding its stand-alone electronic table game product is highly suitable to the operating conditions imposed by Covid-19.
It may be a little early to write the obituary for Japan’s IR policy, but additional evidence was presented this past week about what could already be described as the biggest flaw in the design of Japan’s IR regulation—the short periods that IR licenses will be valid.
As the dust settles from the withdrawal of multiple operators, it now appears that the Yokohama IR race effectively pits Melco Resorts against Genting Singapore.
Heavily impacted by the coronavirus pandemic, Sega Sammy Holdings reported that its profits for the April 2020-March 2021 were down over 90% from the previous year.
Sega Sammy Holdings has published social media messages including a pledge to contribute financially to groups opposing the rise of anti-Asian hate crimes in the United States.
Sega Sammy Holdings has released its financial results for the April-December 2020 nine month period, showing a 51.8 percent fall in operating income on a year-on-year basis.
Haruki Satomi is the new group CEO of Sega Sammy Holdings, taking over from his father, Sammy Corporation founder Hajime Satomi. The former CEO will continue at Sega Sammy as chairman and representative director.
Sega Sammy Holdings that it has decided to reorganize its group structure effective from the beginning of April. The firm explains that its purpose is “in order to build an even more efficient structure for the head office operations of the group.”
Sega Sammy Holdings has reported that hundreds of its employees have applied for the firm’s voluntary retirement program and they will be leaving the company at the end of February.
Sega Sammy is excited to announce two new games to its Standalone ETG “Maximum Fortune” series: “Roulette Maximum Fortune” and “Sic-Bo Maximum Fortune”. This series offers a proven game concept, in which players can create their own game history and game trends.