Japan's Sega Sammy files proposal to build casino complex with Genting Singapore

Sega Sammy Holdings resolved at Board of Directors meeting held on June 11, 2021 to apply for a request for proposal for the scheduled business operator of the installation and operation of Specified Integrated Resort that will be conducted by Yokohama City by forming a consortium in collaboration with Genting Singapore, one of the world's leading resort facility operators, together with SOHGO Security Services Co.Ltd.

Since 2012, the Company has accumulated expertise in the development and operation of integrated
resort through the consolidation of PHOENIX RESORT CO.,LTD. in Miyazaki prefecture and through
PARADISE SEGASAMMY Co, Ltd., a joint venture in South Korea with the aim to participate in
Domestic IR business.

"In this process, we have come to the conclusion that GENS is the best partner for the success of the Domestic IR business, who has been successfully developing and operating Resorts World Sentosa in Singapore, one of the regions that operates and develops integrated resort under the strictest discipline in the world. We worked with GENS to analyze the market for Domestic IR business, formulate development plans, organize consortium, etc., and prepared for an RFP application and we have officially applied for the RFP conducted by Yokohama City," stated the company.

Japan has sought to build several Las Vegas-style casino complexes to boost tourism. Analysts have previously estimated Japan’s casino market could be worth about $8 billion a year, although enthusiasm has waned in the past few years, with Las Vegas Sands and Wynn Resorts withdrawing from projects in Japan.