Sega Sammy Holdings is a holding company of the Sega Sammy group. The company is involved in the Pachislot and Pachinko machine business, the entertainment contents Business, and the resorts business.Its Pachislot and Pachinko machine business segment consists of the pachislot machine business and pachinko machine business, and is engaged in the development, manufacture and sale of pachislot and pachinko machines and design for parlors.The company’s entertainment contents business segment focuses on digital game business and includes amusement machine development and facility operation, and development of video contents and toys.The entertainment contents business segment is engaged in the development and sale of game software. It also develops, manufactures and sells amusement machines.Its Resort Business segment is engaged in the development and operation of hotels and theme parks. Its Resort Business segment develops and operates integrated resorts and golf course.
Sega Sammy Holdings has reported that its net sales for the April-June quarter amounted to almost JPY48.4 billion (US$457 million), a year-on-year decrease of 33.5 percent. This decline led to an operating loss of nearly JPY3.9 billion. In terms of some of its segment results, pachinko and pachislot machine sales in the quarter dropped by […]
Sega Sammy Holdings’ financial report issued on Wednesday showed the firm recording rising sales and soaring profits. Net sales for the year ending March 31 came in at JPY366.6 billion (US$3.4 billion), which represented a 10.5 percent increase, but the profits attributable to the owners was almost 13.8 billion, a 421 percent year-on-year rise. The […]
Sega Sammy Holdings reported a 135 percent leap in operating income if the final three quarters of the calendar year 2019, shortly after revealing new details about its bid for an IR license at the highly-competitive Yokohama location. Sega Sammy’s operating income in the nine-month period amounted to over JPY28 billion (about US$257 million). Meanwhile, […]
Sega Sammy Holdings says net sales in the April-September 2019 period fell 3.2 percent to JPY166 billion (about $1.5 billion).
The municipal government told reporters on Monday that Yokohama’s long period of indecision had ended and that Mayor Fumiko Hayashi would announce later in the week that her city would seek to host a major urban IR at the 47-hectare Yamashita Pier location.
Paradise Co., which operates foreigner-only casinos in South Korea, posted a wider Q2 loss although revenue gained.
Sega Sammy Holdings recorded a group-wide JPY72.7 billion (US$673 million) net income in the April-June 2019 period, representing a 5.7 percent year-on-year increase.
Scott Winzeler has been appointed chairman of Sega Sammy Creation USA, the wholly-owned Las Vegas-based subsidiary of the Japanese gaming machine company Sega Sammy Creation. Hisao Oguchi, the president and CEO of Sega Sammy Creation, commented, “We have just opened our Las Vegas office last year and this will be an extremely exciting time to […]
Sega Sammy Holdings released its 150-page “Integrated Report 2018” this week in which, among other things, the company proclaims its intention to be “on an equal footing with world-famous IR operators” both domestically and internationally.
The Sega Sammy Group is bringing together twenty of its group companies and about 6,500 employees into a centralized new headquarters building near Osaki Station in Shinagawa Ward, Tokyo.
Sega Sammy Holdings has released new financial data showing a 35.8 percent decline in sales revenue in the April-June 2018 period as compared to the same period last year, which resulted in a sharp 97.1 percent decline in net profitability. The total sales revenues for the quarter were JPY68.8 billion (US$620 million), while the net […]
Constitutional Democratic Party of Japan lawmaker Takashi Takai delivered a broadside against the domestic pachinko industry’s hopes of participating in IR casinos in a series of pointed questions submitted to the government on May 9, suggesting that they are morally unfit. After pointing out that “pachinko offers services that are substantially equivalent to gambling” and […]
Sega Sammy says the second phase of the Paradise City integrated resort in South Korea will open before the end of March next year.
Haruki Satomi, president and COO of Sega Sammy Holdings, as well as the son of company founder Hajime Satomi, was interviewed on CNBC on May 4, speaking of his company’s IR ambitions. Satomi recounted Sega Sammy’s efforts to date in the following manner: “We acquired the Phoenix Seagaia Resort in 2012, which is a smaller […]
The shape of the IR Implementation Bill has claimed its first victim as Miyazaki Governor Shunji Kono has concluded that there is no point in his sparsely-populated prefecture attempting to join the IR hunt. In his regular press conference on Tuesday, Governor Kono cited two reasons for giving up the notion of hosting an IR. […]
Sega Sammy Holdings, a pachinko, entertainment and resort business based in Japan, has announced it will change its logo in August, which it says will demonstrate the future direction of the group. The company, run by Hajime Satomi, president of Sega Sammy Holdings is involved in the Pachislot and Pachinko Machines Business, Entertainment Contents Business […]
LongRunn International, a Chinese real estate and resorts developer, has reportedly agreed to construct a $4.5 billion property near the Incheon International Airport in South Korea. The company has agreed to buy a parcel of land for $80 million for the resort, which will be called Diamond City, Global Construction Review reports. According to the […]
Miyazaki Governor Shunji Kono toured the Paradise City IR in Incheon, Korea, on November 15, suggesting the possibility that a second location on the Japanese southern island of Kyushu may be exploring the possibility of hosting a future IR bid. Governor Kono’s tour of the Korean IR, which lasted about 90 minutes, was hosted by […]
Hajime Satomi, president of Sega Sammy Holdings, told a meeting last Monday that his company aimed for a “main position” in a Japan IR consortium. He added that they would produce an “IR Grand Design” before the end of this year. Sega Sammy is one of a very few Japanese enterprises that has substantial experience […]
Paradise Co reported a 92 percent plunge in net profit in 17Q1, due to a downturn in casino sales caused by unfavorable VIP luck. The group, which operates the Busan, Walker Hill, Paradise City, Jeju Grand and Jeju Lotte establishments in South Korea, reported net profit of KRW 1.3 billion (US$1.2 million) in 17Q1, down […]
Slot machine manufacturer Sega Sammy Holdings Inc has expressed interest in a joint venture for a casino resort in Japan, but says it would be looking to have a majority stake, Reuters reports. “We definitely want to take a bigger stake in Japan – not just the entertainment part, but the whole (casino) resort,” said […]
South Korea’s Paradise City may face hard yards due to a ban on Chinese tour groups to the country, notes Bloomberg Intelligence analyst Margaret Huang in a report earlier this month. “The $1.1 billion, mass-market oriented property had hoped to capture Chinese visitors with a Korean culture theme… Yet the travel ban is likely to […]
Japan’s Sega Sammy has reached an accord to exit a planned development in South Korea’s Busan to focus on an integrated resort project it is developing with Paradise Co. The company announced its intention not to proceed with the commercial complex in December last year. It will transfer the plot back to Busan Metropolitan City […]
Paradise Co. and Japan’s Sega Sammy will open South Korea’s first integrated resort on April 20th on a 330,000 m2 site in Incheon, near the international airport. The KRW1.3 trillion ($1.1 billion) resort will open with a hotel, including 711 guest rooms, as well as convention halls and the country’s largest foreigner only casino. The […]
There will be considerably less reason for optimism over casino legalization in Japan should the push for IRs in the country fail this time, said a note from CLSA on Friday. “It’s now or never,” said the brokerage, noting a verdict will likely be achieved by mid-December. According to analysts Jon Oh and Jay Defibaugh, […]
South Korea’s foreigner-only Paradise Co. said casino sales in May fell 14.3 percent to 59.8 billion won ($51.2 million). Table games, which make up the bulk of the revenue, declined 14.8 percent to 56.6 billion won, while machines were down 2.6 percent to 3.1 billion. In the first five months of the year, casino sales […]
Sega Sammy Holdings announced a corporate restructuring that will lead to the loss of 300 jobs in Japan. “With the number of regular employees planned to be reduced by 300 as of January 30, 2015, the result of examination of the status of applications for voluntary retirement and of the repositioning of personnel mentioned above […]
South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.
South Korea’s first true integrated resort is expected to open on April 20, although concerns remain about the potential for growth in the foreigner-only market. When Paradise Group and Japan’s Sega Sammy open their KRW1.3 trillion ($1.1 billion) property in Incheon next month, it will be the country’s first fully fledged integrated resort and the largest casino to date.
U.S. tribal operator Mohegan Sun says design and permitting for its $5 billion integrated resort in South Korea is proceeding at a rapid pace, and the project is currently on schedule to break ground in 2017 and open in early 2020.
South Korea says its tourism arrivals have now almost recovered following an outbreak of Middle Eastern Respiratory Syndrome in May that triggered a three-month plunge in visitor numbers.
Electronic table games have gained a strong and growing foothold in Macau’s traditionally baccarat-dominated casinos and may prove key in populating the floors of new multi-billion dollar resorts amid a tight cap on tables and ongoing labour shortages.