Sega Sammy Holdings (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 US investment fund Fortress Investment Group (Fortress Investment Group LLC).
Sega Sammy HD to Sell Seagaia Operator
On Friday, May 10, 2024, Sega Sammy HD announced that it will sell Phoenix Resort to the US investment fund Fortress Investment Group. The sale price has not been disclosed.
On Friday, September 1, 2023, Fortress Investment Group also acquired all shares of Sogo & Seibu from Seven & i Holdings.
Seagaia has been undergoing management restructuring under Sega Sammy HD, and in the fiscal year ending March 2023, its ordinary income turned positive for the first time in 13 periods. Sega Sammy HD stated that it will concentrate its management resources on areas such as games in the future.
Even after transferring all common shares, Sega Sammy HD is expected to support further growth and the improvement of corporate value by acquiring newly issued class shares to hold 20% of the voting rights. Details can be found on the Sega Sammy Holdings Official Website.