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Financial commitment from Sega Sammy Holdings Incorporated

Financial commitment from Sega Sammy Holdings Incorporated
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Japanese reevaluation for Sega Sammy Holdings Incorporated

May 24, 2021 Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that it now intends to be a minority player in any campaign to win one of its home nation’s trio of integrated casino resort licenses. According to a report from GGRAsia, the Tokyo-listed behemoth made the revelation during a Friday question-and-answer session while furthermore explaining that it will be looking to bring a Las Vegas-style casino resort to Japan with a prominent foreign operator serving as the majority investor. The source detailed that the disclosure came a little over a week after the giant firm pronounced that its net profit for the twelve months to the end of March had declined by 90.7% year-on-year to approximately $11.6 million.

Coronavirus consequences for Sega Sammy Holdings Incorporated

May 14, 2021 Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly released its financial results for the twelve months to the end of March showing that its net profit had declined by 90.7% year-on-year to approximately $11.6 million. According to a report from Inside Asian Gaming, the year-end figures included a fall of 24.2% year-on-year in net sales to about $2.54 billion alongside a drop of 76.3% in associated operating income to slightly above $59.8 million. The source detailed that these financials come a little over six months after the Tokyo-listed firm inked a deal to offload an 85.1% stake in its land-based arcades operating arm to local entity Global Entertainment Network for Dreams and Aspirations (GENDA).

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