Sega Sammy officially sells off remaining arcade business assets
With the remaining relevant shares sold to Genda Inc., Sega has exited the arcade and amusement center business after 50 years.
New to Shacknews? Signup for a Free Account
Already have an account? Login Now
With the remaining relevant shares sold to Genda Inc., Sega has exited the arcade and amusement center business after 50 years.
Recently claiming caution in its approach to NFTs hasn't stopped Sega from getting trademarks down on several NFT-related ventures.
In a recent meeting, Sega Sammy execs shared that they would like to explore NFT and P2E concepts, but not if it comes across as 'simple money-making.'
Among Sega's Q1 2022 earnings results, Phantasy Star Online 2: New Genesis's launch worldwide was a huge standout.
Where Sega Sammy's Q1 2021 was so abysmal that the company was forced to sell off part of its arcade business, 2022 has seen it recover overall.
Sega Sammy's recent year-end financial reports suggest it could be taking a good look at its sizable collection of idle franchises for reboot potential.
85% of Sega Sammy's entertainment business shares are going to Japanese company GENDA. Sega/Atlus video game operations are not expected to be affected.
Does this have something to do with all those chili dogs?