5 Real Estate Stocks That Should be on Your Radar Now

Lucrative investment opportunities are always found in real estate. Real estate stocks can be an alternative way to invest in this area, without needing to purchase property. Here are the hottest stocks in this field.

By clicking the link above you will automatically opt-in to receive emails from SmartMoneyTrading

Japanese game maker Sega Sammy sells resort to US fund

YURI KAGEYAMA
May 10, 2024

TOKYO (AP) -- Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday.

Tokyo-based Sega Sammy Holdings, the company behind the "Sonic the Hedgehog" video games, said it will sell all its shares in Phoenix Resort Co., which operates Seagaia in Miyazaki, southwestern Japan.

Financial terms of the deal were not disclosed.

The move, approved by the Sega Sammy board of directors, will result in a gain of about 8.5 billion yen ($55 million) in extraordinary income for the fiscal year through March 2025.

New York-based Fortress was chosen, Sega Sammy said in a statement, because of its experience since the company has acquired 176 hotels since 2011.

Sega Sammy will continue to work with Phoenix, acquiring 20% of voting rights through newly issued shares after the ownership sale is completed.

Also Friday, Sega Sammy reported its profit fell in the fiscal year that ended in March, to 33 billion yen ($212 million), from 45.9 billion yen the year before. Its sales rose 20% to 467.8 billion yen ($3 billion).

Sega Sammy has various entertainment operations, including video games like "Persona 3 Reload," which recorded 1 million downloads in the first week after its launch in February, and the older but still popular "Angry Birds" and "Like a Dragon."

It also makes toys and pachinko and so-called "pachislot" machines, and owns intellectual property in animation works.

The company is banking on its Sonic licensing revenue through games and movies, a sector that has grown 10-fold in the last five years.

Although Sega Sammy's resort operations recently returned to profitability, they suffered during the pandemic, when travel to Japan and within the country was disrupted.

By turning over management of Seagaia to Fortress, Sega Sammy intends to better focus on its core strengths like video games.

Fortress is majority owned by Japanese telecoms and technology company SoftBank Group Corp., though the Abu Dhabi investment fund Mubadala announced in May 2023 that it would buy a majority stake in Fortress Investment from SoftBank. The deal has yet to be finalized due to regulatory requirements.

___

Yuri Kageyama is on X: https://twitter.com/yurikageyama

Continue Reading...

Popular
8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

Top 2 Utilities Stocks That May Rocket Higher In June

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Will Your iPhone Support New Apple Intelligence Features? Here's What You Need To Know

Apple has announced a suite of AI-powered features for iPhones, calling it Apple Intelligence. However, these features will be limited to select iPhones.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

This Election Shocker Could Be Worse Than Trump's Conviction - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Tesla Tequila Is Back: Here's How Much Latest Collectible Will Cost You

Tesla Tequila Is Back: Here's How Much Latest Collectible Will Cost You

Tesla has reintroduced tequila in collectible lightning-shaped bottles. Here's how you can get one and how much it will cost you.

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

Dogecoin Trader Who Made $250K Spends It All On Donations, Drugs, Concerts, Tattoos...And Takes Her Last $4K To Buy More

A pseudonymous cryptocurrency trader shared a cautionary tale about the dangers of sudden wealth from cryptocurrency and meme coin trading.

AI Alert: Wealth Window Update - Ad

I'm James Altucher, AI expert at Paradigm Press. On June 25, tech giants like Nvidia, Dell, and Alibaba could reveal "AI 2.0." This limited wealth-building window could turn $10k into $1 million with strategies I've perfected over 40 years. Act fast before everyone catches on!

From Trump's Possible Re-Election, Biden's Georgia Lead, To Michael Cohen's Family Being Doxxed: This Week In Politics

From Trump's Possible Re-Election, Biden's Georgia Lead, To Michael Cohen's Family Being Doxxed: This Week In Politics

Political news dominated by Trump and Biden, from inflation concerns to polls in Georgia. Experts weigh in on potential re-election and jail time.

Martha's Vineyard is about to run out of pot. That's led to a lawsuit and a scramble by regulators

Martha's Vineyard is about to run out of pot. That's led to a lawsuit and a scramble by regulators

VINEYARD HAVEN, Mass. (AP) — An 81-year-old woman on Martha's Vineyard drove up to the Island Time dispensary last week seeking her usual order of pot. But owner Geoff Rose had to tell her the cupboard was bare — he'd been forced to temporarily close three weeks earlier after selling every last bud and gummy.

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.

Boil-water advisory lifted in Atlanta after water system problems

Boil-water advisory lifted in Atlanta after water system problems

ATLANTA (AP) — Residents in Atlanta no longer must boil water before drinking it, officials said Thursday, six days after a west of downtown affected service and spurred the advisory.

This Billionaire's Final Masterpiece: "X-9840" - Ad

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix... Just released the details on what he's calling Project X-9840. This business mogul is now set to revolutionize MONEY. He has said he could flip the switch "as early as mid 2024."

Benzinga Bulls And Bears: GameStop, Nvidia, Tesla, Amazon And Dogecoin Trader Predicts 'Breakout To Occur Any Day'

Benzinga Bulls And Bears: GameStop, Nvidia, Tesla, Amazon And Dogecoin Trader Predicts 'Breakout To Occur Any Day'

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Tesla, Elon Musk Slam Lawyers Demanding $5.2B For Voiding His 2018 Pay Package: 'They Deserve To Repay Tesla Legals Costs And Get Nothing!'

Tesla, Elon Musk Slam Lawyers Demanding $5.2B For Voiding His 2018 Pay Package: 'They Deserve To Repay Tesla Legals Costs And Get Nothing!'

Elon Musk criticized lawyers demanding $5.2B in Tesla stock as legal fees for contesting his 2018 pay package, saying they should repay legal costs.

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

Johnson & Johnson To Pay $700M To Settle Multi-State Talc Investigation

Johnson & Johnson To Pay $700M To Settle Multi-State Talc Investigation

Although the settlement has been reached, Johnson & Johnson still faces a substantial number of talc-related lawsuits.

Thefts of charging cables pose yet another obstacle to appeal of electric vehicles

Thefts of charging cables pose yet another obstacle to appeal of electric vehicles

DETROIT (AP) — Just before 2 a.m. on a chilly April night in Seattle, a Chevrolet Silverado pickup stopped at an electric vehicle charging station on the edge of a shopping center parking lot.

What President Biden's New Law Means for Investors - Ad

President Biden just signed a new law approving billions of dollars for one small but growing industry, and investors like Bill Gates and Peter Thiel are all over it. This expert just went public with all the details, including which stocks to jump on immediately.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: BTC) stance by comparing it with the bizarre perspective of the Chinese Communist Party.

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst

Ethereum gained on major regulatory win against the SEC, while Bitcoin and Dogecoin continued to move sideways on Wednesday. 

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Tesla Customizer Upfits Cybertruck For The Police Forces, Elon Musk Thinks It's 'Cool'

Tesla Customizer Upfits Cybertruck For The Police Forces, Elon Musk Thinks It's 'Cool'

California-based Unplugged Performance customized the Tesla Cybertruck for law enforcement with siren systems, light bars, and specific graphics.

FDA and DOJ pledge more cooperation on illegal e-cigarettes ahead of congressional hearing

FDA and DOJ pledge more cooperation on illegal e-cigarettes ahead of congressional hearing

WASHINGTON (AP) — Federal health regulators and law enforcement officials on Monday vowed to work more closely to stop sales of , which have grown into a multibillion-dollar business in the U.S. while .

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

Community health centers' new crisis: The need for backup power

Community health centers' new crisis: The need for backup power

HEALDSBURG, Calif. (AP) — The 2017 , which killed 22 people and destroyed 5,600 buildings, was already a stressful time at Alliance Medical Center’s clinic here, as workers who picked grapes in the nearby vineyards streamed into the nonprofit community health center with burns, symptoms of smoke inhalation, and other crises.

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

US Ally Slams China's Claims Of Vessel Collision As 'Deceptive And Misleading' Amid Rising South China Sea Tensions

US Ally Slams China's Claims Of Vessel Collision As 'Deceptive And Misleading' Amid Rising South China Sea Tensions

They declined to share operational details and criticized China for its "illegal" presence within the Philippine exclusive economic zone.

Roku Eyes Enhanced Advertising Tech - Inks Pact With Fandango To Boost Ad Campaign Analytics

Roku Eyes Enhanced Advertising Tech - Inks Pact With Fandango To Boost Ad Campaign Analytics

Roku reported Fandango partnership; aims to optimize ad spend and boost ticket sales via enhanced insights and advertising technology.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors Reveals $6B Stock Buyback - What's Going On?

General Motors announces a $6 billion share repurchase plan, aiming to boost shareholder value amidst positive financial performance.

AI 'gold rush' for chatbot training data could run out of human-written text

AI 'gold rush' for chatbot training data could run out of human-written text

systems like ChatGPT could soon run out of what keeps making them smarter — the tens of trillions of words people have written and shared online.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

GameStop trader Keith Gill is facing increased scrutiny from Massachusetts Secretary of State Bill Galvin over potential manipulation.

California lawmakers fast-track bill that would require online sellers to verify their identity

California lawmakers fast-track bill that would require online sellers to verify their identity

SACRAMENTO, Calif. (AP) — A California bill that would require marketplaces like eBay and Nextdoor to start collecting bank accounts and tax identification numbers from high-volume sellers who advertise online but collect payments offline was fast-tracked by Democratic lawmakers with committees voting on it Tuesday.

Nvidia Is Now Part of $3 Trillion Market Cap Club - Ad

Nvidia has become the third company ever to have a market cap greater than $3 trillion. And now, Nvidia is pivoting to the next AI frontier it plans to conquer. This recent move is valued at $1 trillion... at least. A small handful of Nvidia's other partners could see their own stocks benefit from it.

Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst

Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst

Morgan Stanley upgrades CIEN to Overweight, raises price target to $55. Analyst expects growth potential in 2025 as inventory levels normalize and cloud demand outperforms.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service