The sale follows a torrid time for arcade operators globally, with the ongoing pandemic massively impacting business. It also marks the end of 50 years of Sega arcades in Japan. Sega Entertainment is to be rebranded as 'Genda GiGO Entertainment', with all Sega arcades in Japan being turned into ‘GiGO’ centres."
Source: https://www.nintendolife.com/news/2022/ ... -a-century
While understandable, it still feels like the end of an era.

EDIT: "Sega Entertainment only runs arcade locations, and the arm of the company which manufactures and distributes its actual arcade machines is different, so we'll still be seeing Sega games in amusement arcades – just not ones owned by Sega itself."