Aracde industry's comeback
  • 5 years ago
Many view arcades as a dying industry. There were just over 2,500 arcades in the country in 2015, compared with 24,000 facilities in 1981. Industry experts believe the market has a chance to revitalize. Data from market research firm IBISWorld shows the arcade, food and entertainment complexes in the U.S. have an annual growth rate of 3.3 percent and earned $2 billion in revenue last year. The executive vice president of the American Amusement Machine Association said advancing technology in video game consoles and smart phones changed everything and gave consumers an excuse to play at home. Peter Gustafson, AAMA executive vice president