SEGA SAMMY HOLDINGS INC. (hereinafter "SEGA SAMMY HD") announced that it will sell Phoenix Resort, the operator of the large-scale resort facility "Phoenix Seagaia Resort" in Miyazaki City, to the U.S. investment fund " Fortress Investment Group LLC" (hereinafter "Fortress Investment Group"). The sale of Phoenix Seagaia Resort to the U.S. investment fund "Fortress Investment Group LLC" was announced.
SEGA SAMMY HD to Sell Seagaia Management Company
On Friday, May 10, 2024, Sega Sammy HD announced that it will sell Phoenix Resort to the U.S. investment fund "Fortress Investment Group LLC. The amount of the sale was not disclosed.
Fortress Investment Group" also acquired all shares of "Sogo & Seibu" from Seven & i Holdings on Friday, September 1, 2023.
Under Sega Sammy HD, Seaguire has been restructuring its business, and in the fiscal year ended March 31, 2023, it returned to the black in ordinary income for the first time in 13 years. SEGA SAMMY HD will concentrate its management resources on games and other businesses in the future.
Even after the transfer of all common shares, SEGA SAMMY HD is expected to support further growth and increase corporate value by acquiring newly issued class shares to hold 20% of the voting rights. For more information, please visit the official SEGA SAMMY HOLDINGS website.