SEGA sells its recreational division due to the impact of the coronavirus in the sector

SEGA sells its recreational division due to the impact of the coronavirus in the sector

SEGA has announced in a press release that it is preparing to sell its recreational division.

Sega Sammy Holdings Inc. to sell 85.1% of SEGA Entertainment’s shares to the company specialized in recreational games GENDA; the main reason is the incidence of the coronavirus in the sector.

In the statement they indicate that “as has been severely affected by COVID-19, facility utilization has dropped notably, and significant losses have been recorded during Q1 of the fiscal year ending March 21. “

After considering various changes, SEGA has decided to sell to GENDA, which had a strong interest in expanding its arcade business.

As reported by Siliconera and Famitsu, the arcade facilities will keep the SEGA name after the change of hands.