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The Nineteen Eighties was the golden age of arcades as video games like Area Invaders and Pac-Man captured the eye of thousands and thousands within the U.S. However because the 2000s, arcades have been disappearing throughout the U.S. Prospects have shifted their spend to dwelling and handheld consoles which outclass arcades in comfort, worth, and leisure.
By way of the 90s, arcades have been important institutions for youngsters and adults alike. These days, the few nonetheless hanging on depend on alcohol and nostalgia to make ends meet. On paper, the broader bodily leisure business appears doomed. Retail has been trending down since 2010 and the one sustainable companies are big-name curler coasters and theme parks. But when we glance past the numbers, arcades aren’t going extinct. Market transformation takes time and what’s taking place now could be a altering of the guard.
There’s a brand new era of firms which have shed the opportunistic, turnkey economics of the previous and are constructing unique leisure experiences not replicable by any console or PC. On this Trendy MBA Authentic, we’re diving into the futuristic enterprise of arcades from the macro-to-micro, beginning with the largest arcade chains in Chuck E. Cheese and Dave & Buster’s all the best way to 2 progressive startups in New York Metropolis who’ve made very totally different bets on the way forward for bodily and digital leisure.
👾 OS NYC (Samer)
https://www.os-nyc.com/
https://www.instagram.com/os_newyorkcity
50 Bowery, New York, NY 10013
👾 1,000 BOXES (Gabe & Dave)
https://1000boxes.game
https://www.instagram.com/1000boxes
248 W thirty seventh St, New York, NY 10018
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