Scientific Game

IR progress slow but pachinko pushes Sega Sammy results higher

Tuesday, 07 November 2017 04:44
Share
Visit us

Japanese pachinko and entertainment company Sega Sammy Holdings has seen its revenue for the three months to 30 September 2017 increase 14.9% to JPY194.7 billion (US$1.7 billion), driven by a 36% increase in pachinko and pachislot machine sales.

The pachinko and pachislot segment jumped from JPY64.9 billion to JPY88.3 billion following the launch of major new titles, although Sega Sammy stated that it continues to review its sales schedule and “expects the number of titles and unit sales will likely be less than originally planned for the full year.”

The company’s entertainment contents segment, which includes digital games, packaged games, amusement machines and operation of amusement centers, grew 4% year-on-year to JPY101.5 billion.

Operating income for the quarter grew 75% to JPY26.8 billion (US$235 million) with pachinko and pachislots contributing JPY21.4 billion of that.

Pachinko machines were at the heart of the revenue rise, with 119,000 units sold for the quarter compared with 75,000 in the same period in 2016. Pachislot sales fell slightly from 81,000 to 75,000.

Revenue from the operation of resorts in Japan and Korea fell 30% to JPY4.7 billion, however Sega Sammy’s Korean partnership with Paradise Co saw improvement with sales of KRW62 billion in 3Q17 and the number of visitors reaching 59,000 after Incheon integrated resort Paradise City launched in April.

The IR currently boasts a casino with 158 gaming tables and 291 slot machines as well as a hotel and convention center, with Sega Sammy adding that a spa, club, family entertainment facility, retail plaza and boutique hotel were expected to open in early 2018.

                                

What's new

Japan’s IR Bill likely to become law today after passing Cabinet Committee

Japan’s IR Bill likely to become law today after passing Cabinet Committee Japan’s IR Implementation Bill is expected to finally become law today after passing one last hurdle on Thursday. The IR bill, which allows for the development of Japan’s first integrated resorts in three yet to be specified locations, passed through the Cabinet Committee of the House of Council... Thursday, 19 July 2018 23:58

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Thursday, 19 July 2018 22:50

Silver Heritage enjoys record quarter as Vietnam, Nepal casinos grow

Silver Heritage enjoys record quarter as Vietnam, Nepal casinos grow Australian-listed Silver Heritage Group has recorded its strongest quarterly gross gaming revenue since listing in 2016, with GGR up 39% to US$11.39 million for the three months to 30 June 2018. The positive results included strong growth at all three of the group’s casinos, with Phoenix Internat... Thursday, 19 July 2018 21:26

Australia’s Tabcorp pays AU$71 million to exit failed UK sportsbook Sun Bets

Australia’s Tabcorp pays AU$71 million to exit failed UK sportsbook Sun Bets Australian wagering giant Tabcorp Holdings Limited has executed an agreement to exit its UK sportsbook Sun Bets following discussions with partner News UK. Sun Bets will cease trading in the coming days with Tabcorp will make a payment to News UK of around AU$71 million to exit the agreement, origi... Thursday, 19 July 2018 21:24

Current Issue

Moving ahead

Moving ahead A year after the deadly attack at Resorts World Manila, management continues to reinvent the property to recover and meet the challenge from Entertainment City rivals. By Muhammad Cohen | Editor-at-Large   The tragic events of 2 June 2017 at Resorts World Manila sent shock waves across the Phili... Friday, 29 June 2018 01:32

"This is not a drill..." Gaming businesses must plan judiciously for emergencies such as the Resorts World Manila attack, natural disasters and accidents so they can respond effectively when best plans fail. By Muhammad Cohen   Arson at Resorts World Manila a year ago, Typhoon Hato battering Macau last August and the La... Friday, 29 June 2018 01:24

Five signs that your organizational culture is toxic to customer experience

Five signs that your organizational culture is toxic to customer experience IAG explains the importance of company culture in achieving exceptional customer experience and the five signs that your culture might be toxic to your customer goals. By Sudhir H. Kalé, Ph.D.   Numerous studies on customer experience (CX) highlight the crucial role company culture plays in del... Friday, 29 June 2018 01:18

Height of Luxury

Height of Luxury With the opening of its new luxury hotel at City of Dreams in June, Melco Resorts is looking to take control of Macau’s lucrative premium mass segment. By Ben Blaschke   “We’re not just opening a new hotel today, we’re opening a whole new chapter. We’ve built a landmark for Macau and a... Friday, 29 June 2018 01:08