Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recent financial year.
According to a report from Inside Asian Gaming, the Yokohama-headquartered entity is led by former International Game Technology (IGT) executive Scott Winzeler and manufactures and sells a range of slot and electronic gaming machines to casinos spread across Asia and the United States. The source explained that the firm’s fresh financials were no doubt severely impacted as gambling-friendly establishments across the world temporarily closed their doors over the summer so as to help stop the spread of the potentially-lethal coronavirus infection.
Established in 2013, Sega Sammy Creation Incorporated reportedly began this year by bringing quick results display functionality to its SicBo Maximum Fortune and Roulette Maximum Fortune games. It purportedly later went on to introduce its standalone Baccarat Maximum Fortune baccarat title to the Philippines’ giant Okada Manila integrated casino resort.
Sega Sammy Creation Incorporated moreover reportedly entered the Vietnamese market in June by bringing its Virtua Fighter Battle Genesis innovation to Hanoi’s Macau Gaming Club while August saw multiple Macau casinos premiere the firm’s Volcano Link family of progressive slot titles.
For its part and Tokyo-based Sega Sammy Holdings Incorporated reportedly holds a minority stake in South Korea’s Paradise City integrated casino resort while additionally running the non-gaming Phoenix Seagaia Resort on the southern Japanese island of Kyushu. The firm purportedly furthermore has an interest in opening a gambling-friendly development in its home nation although it revealed in August that its second-quarter net profit had slipped by almost 300% year-on-year to a deficit of approximately $31.3 million.