• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Sega Sammy lifts revenue forecast but flags IR drag

Feb 11, 2022 Newsdesk Japan, Latest News, Top of the deck  


Sega Sammy lifts revenue forecast but flags IR drag

Japanese entertainment conglomerate Sega Sammy Holdings Inc has revised upward its earnings forecast for the year ending March 31, 2022. The company said on Thursday the revision was based on higher-than-expected sales in the entertainment contents business and pachislot and pachinko machine business.

But the group flagged an expected decline in revenue in its integrated resort (IR) business, due to the re-emergence of Covid-19 infections across the region.

In its latest forecast, Sega Sammy said it now expected net sales of JPY31.00 billion (US$2.71 billion) for the year to March 31, up from a previous forecast of JPY305 billion. The forecast for net sales in the entertainment content business and in the pachislot and pachinko segment have been revised upwards by 1.1 percent and 13.1 percent, respectively.

The company however said net sales in the resort business are now expected at JPY8.50 billion for the fiscal year ending in March, down from a previous forecast of JPY9.50 billion. The segment is now expected to report a JPY7.00 billion loss, up from a previous forecast of JPY6.50 billion.

Sega Sammy is a partner – alongside South Korean casino operator Paradise Co Ltd – in the Paradise City casino resort (pictured) near South Korea’s Incheon International Airport. The gaming portion of the facility is only permitted to cater to foreigners – many of its clients are Japanese, according to corporate information.

Sega Sammy also operates a non-gaming resort in Japan – Phoenix Seagaia Resort – located in Miyazaki prefecture. It includes a total of 950 hotel rooms, golf courses, a convention centre and other entertainment facilities.

“Due to the re-expansion of Covid-19, it is expected that the attraction of customers to [these] facilities will be sluggish in the fourth quarter of this fiscal year,” said Sega Sammy on Thursday. “As a result, net sales are expected to decrease, and ordinary loss is expected to increase from the previous forecast,” it added.

Group-wide, the group is now expecting an operating income of JPY31.00 billion for the year ended March 31, up from a previous estimate of JPY23.00 billion; and a net profit of JPY26.50 billion, up from a previous forecast of JPY15.00 billion.


  • tweet
Related articles
  • Sega Sammy installs first Genesis Crest 43J units in Macau
    Sega Sammy installs first Genesis Crest...

    Sep 29, 2023  

  • Osaka, MGM-Orix sign implementation deal for IR
    Osaka, MGM-Orix sign implementation...

    Sep 28, 2023  

More news
  • Sands China to revitalise firecracker factory, old streets
    Sands China to revitalise firecracker...

    Sep 29, 2023  

  • Bloomberry aims to raise up to US$99mln via share sale
    Bloomberry aims to raise up to US$99mln...

    Sep 29, 2023  


Latest News

Sands China to revitalise firecracker factory, old streets

Sands China to revitalise firecracker factory, old streets

Sep 29, 2023  

Macau casino operator Sands China Ltd is to add more cultural and tourism elements to the site of the old Iec Long Firecracker Factory and its surrounding areas in Taipa, as part of a government-led...
Read More
Bloomberry aims to raise up to US$99mln via share sale

Bloomberry aims to raise up to US$99mln via share sale

Sep 29, 2023  

S.Korea Daegu Casino fined US$776k for AML breaches 

S.Korea Daegu Casino fined US$776k for AML breaches 

Sep 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The Philippines has been the primary growth driver, but really the broader Asian gaming industry is something that’s really important to us”

Matt Wilson

Chief executive of casino equipment provider Light & Wonder



Most Popular

  • International Ent to invest at least US$1bln in Manila IRInternational Ent to invest at least US$1bln in Manila IR September 28, 2023
  • Resorts World Sentosa fined again for AML rule breachesResorts World Sentosa fined again for AML rule breaches September 27, 2023
  • Galaxy Ent to build ice rink, bookshop at Macau old shipyardsGalaxy Ent to build ice rink, bookshop at Macau old… September 28, 2023
  • Events a boon, Citi ups Macau 4Q GGR forecast to US$6.5blnEvents a boon, Citi ups Macau 4Q GGR forecast to US$6.5bln September 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us