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      <title>Sega Sammy agonizes over selecting a Japanese casino partner this year
 by runarchery kr</title>
      <link>https://padlet.com/runarcherykr2001/aeur5wju3w53gwm3</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2024-09-13 04:51:19 UTC</pubDate>
      <lastBuildDate>2024-09-13 04:53:10 UTC</lastBuildDate>
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         <title>runarchery.kr/20</title>
         <author>runarcherykr2001</author>
         <link>https://padlet.com/runarcherykr2001/aeur5wju3w53gwm3/wish/3117951922</link>
         <description><![CDATA[<p>Japanese entertainment giant Sega Sammy Holdings is considering whether it can make an announcement "this year" regarding its consortium partners for casino resort licenses in Japan.</p><p><br/></p><p>"We continue to prepare to participate in domestic integrated resorts," said Haruki Satomi, president and group chief operating officer of Segasami, in a commentary on its full-year performance through Mar. 31. In Japan, the term integrated resort or "IR" refers to a large-scale casino resort that supports tourist facilities such as hotels and meeting spaces.</p><p><br/></p><p>The executive added, "We are assuming whether it will be possible to disclose consortiums and others this year due to the future schedule for IR expansion in Korea."</p><p><br/></p><p>Mr. Satomi's remarks were included in a written translation in English published this week of the presentation to investors in April, around the time the company reported results for the fiscal year ended March 31, 2019. <a rel="noopener noreferrer nofollow" href="https://www.runarchery.kr/20/"><strong>파워볼사이트</strong></a></p><p><br/></p><p>"We are working on the premise that the RFP [request for proposals] presentation will begin in several regions, and if it goes smoothly, we will be given regional certification in 2020."</p><p><br/></p><p>"We expect to incur the cost of creating RFP this fiscal year," he said, explaining, "If a business is selected, we are proceeding based on the assumption that the problem will be resolved from the end of 2020 to the beginning of 2022 if government authorization is quickly implemented."</p><p><br/></p><p>In the same announcement, ‐'s vice president and the group's chief financial officer Koichi Fukazawa also made some comments on the domestic casino bid.</p><p>"In the fiscal year ending March 2020, we expect to see some increase in losses compared to the previous year as the movement to enter the domestic integrated resort business will increase the cost associated with this."</p><p><br/></p><p>CFO noted that the group's net cash position at the end of March 2019 was 71.8 billion yen ($670.5 million).</p><p><br/></p><p>Sega Sammy Holdings is already a partner at Paradise City Casino Resort near Incheon International Airport in Korea. The facility's gaming area is open to foreigners only.</p><p><br/></p><p>The group also has a large-scale Pachinko and Pachislot play game business in the domestic market and has an affiliate called Sega Sami Creation Inc., which focuses on casino game development. Sega Sami Holdings has expressed its ambition to operate casinos in Japan in line with Japan's liberalization measures. Under the first wave of liberalization, three casino resorts will be allowed in undecided areas across Japan.</p><p><br/></p><p>The conglomerate also operates the Phoenix Seagaia Resort in Miyazaki, Japan, which it acquired in 2012.</p><p><br/></p><p><br/></p>]]></description>
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         <pubDate>2024-09-13 04:53:10 UTC</pubDate>
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