Sunday, June 26, 2022

Sega Sammy seeks majority stake in Japan IR: Reuters


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 Sega Sammy president and chief operating officer Haruki Satomi to press at the sidelines of the Japan Gaming Congress.

"We hope (to take a majority stake). We are preparing for that," he said.

In addition to its slots and entertainment businesses, the company currently holds a 45 percent stake in Paradise City in South Korea, with Paradise Co. Ltd the majority shareholder.

Foreign casino operators have not been shy expressing their interest in a Japan casino resort.

Galaxy said it would not insist on a majority stake, while Hard Rock Cafe International said it would be seeking between a 40 to 60 percent stake.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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