A Slow Arcade Death
Word fro this PR is that the guys at Midway have decided to ditch the arcade business entirely.
(Thanks Mike) It's stuff like this that really makes a guy nostalgic (a theme today!)
about arcades of years gone by. Ever since the advent of the home console machines it
seems that arcades at malls have been in a steady decline. I remember showing up with a $5
bill and playing Gauntlet for hours at a time. This stuff is depressing
The Company expects the elimination of its coin-operated games business to result in a reduction in work force of fewer than 60 employees, and a primarily non-cash pretax charge of less than $8 million in the quarter ending June 30, 2001.
Arcades have been trying out new angles for years with limited success. It seems to me that basically arcades can no longer anything impressive with game content itself but are relegated to just trying to offer equipment to interact with those games that people just cant afford or fit in their home. Bummer.
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