As Sega Sammy announced it’s selling off its arcade business, the Tokyo-based game company also announced that it is asking 650 employees to retire voluntarily. With covid-19 impacting business, Sega is expecting what it calls “an extraordinary loss” during the current financial year.
The global pandemic has been hard on a wide range of businesses. In Japan, arcades have especially been hit hard. In August, for example, the Sega Akihabara 2nd arcade shuttered. Now, another local landmark will vanish.
While video game bars are popular in Japan, they do operate in somewhat of a grey area.