Company sells its remaining arcades, which will be renamed GiGO Sega is leaving Japanese arcades behind.
The company announced it is selling its remaining arcades to a company called Genda, Inc. (also known as GiGO), and leaving the coin-op business, where it first made a name for itself, for good.
Now, as new variants of COVID-19 crop up and the arcade business continues to struggle, Sega has sold the remaining shares to Genda as well, according to Eurogamer and Tojodojo.
In late 2020 Sega sold 85% of its shares in the company’s arcades, which are run by the Sega Entertainment division, to Genda.