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Press Release: 1996-04-11: INTERNATIONAL BRIEFS;Sega Buying Maker Of Slot Machines

From Sega Retro

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This is an unaltered copy of a press release, for use as a primary source on Sega Retro. Please do not edit the contents below.
Language: English
Original source: www.nytimes.com



APRIL 11, 1996

Sega Enterprises of Japan said yesterday that it had agreed to buy Games Network Ltd., the largest maker of slot machines in Britain, to expand its range of entertainment products in Europe. Sega did not disclose the price it paid. Games Network is a privately owned holding company based in Cardiff, Wales. 

It consists of JPM International Ltd., Ace Coin Equipment Ltd. and Crystal Leisure Ltd. of Britain and Negocio Internacional de Technologia S.A. of Spain. Games Network generated sales of about $64 million in the fiscal year that ended in September 1995. (Bloomberg Business News)