Japanese game maker Sega Sammy sells resort to US fund
Associated PressTOKYO — Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday. Tokyo-based Sega Sammy Holdings, the company behind the “Sonic the Hedgehog” video games, said it will sell all its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan. Also Friday, Sega Sammy reported its profit fell in the fiscal year that ended in March, to 33 billion yen, from 45.9 billion yen the year before. Sega Sammy has various entertainment operations, including video games like “Persona 3 Reload,” which recorded 1 million downloads in the first week after its launch in February, and the older but still popular “Angry Birds” and “Like a Dragon.” It also makes toys and pachinko and so-called “pachislot” machines, and owns intellectual property in animation works.
History of this topic
Nintendo reports trailing profit as sales of aging Switch game console slide
Associated Press
Nintendo reports trailing profit as sales of aging Switch game console slide
The IndependentJapan’s Nintendo profits jump as its game sales get a boost from the hit Super Mario movie
Associated Press
Nintendo profits boom as people stuck at home play games
Associated PressDiscover Related
)
)
)
)
