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Kinbasha Gaming International, Inc. Announces Introduction of Lower Denomination Slot Machines in Tokyo Metro Area
Kinbasha Gaming International, Inc. Announces Introduction of Lower Denomination Slot Machines in Tokyo Metro Area.
About this update from Kinbasha Gaming International, Inc.
[{"type":"text","content":"Kinbasha\nGaming International, Inc. Announces\nIntroduction of Lower Denomination Slot Machines in Tokyo Metro Area \n\nParlors in Shinjuku and Fuchu Increased Gross\nWagers by Offering Players Slot Machines That Accept 5 Yen Tokens \n\nHITACHI, Japan — May 20, 2013\n— Kinbasha Gaming\nInternational, Inc. (OTCQX: KNBA), owner\nand operator of retail pachinko gaming centers in Japan, today announced\nthat it has successfully introduced lower denomination slot machines at two of\nits parlors in the Tokyo Metropolitan Area. \nGross wagers at the company's locations in Shinjuku and Fuchu have\nincreased due to the fact that customers have the opportunity to play slots using\n5 yen tokens, as opposed to standard 20 yen machines.Kinbasha’s\nparlor in Shinjuku started accepting 5 yen tokens at 17% of its 210 slot\nmachines in March. Its parlor in Fuchu\nintroduced 5 yen slots at 14% of its 196 slot machines in April. These parlors introduced the new lower\ndenomination slots through a promotional “5 Yen Slot Corner” at each location. Kinbasha also has 5 yen slot machines at\neight other locations outside Tokyo.“The introduction of 5 yen slot machines at two of our\nparlors in the greater Tokyo area has been a great success,” said Masatoshi Takahama, Chief Executive Officer. “The\nlower denomination machines are attractive because they provide both new and\ninexperienced players more opportunities to hit the jackpot on a lower budget. As a result, slot machine occupancy rates and\ngross wagers are up at both locations.”At\ncurrent exchange rates, the standard 20 yen Japanese slot machine equates to\nabout 20 cents to spin the reels. \nLikewise, a 5 yen Japanese slot machine is similar to a Las Vegas nickel\nslot machine.In\nJapan, a generation of younger players, as well as retirees who are new to\ngaming, are attracted to the 5 yen machines. There is less risk of losing a significant sum\nof money and players can enjoy the entertainment value of the game at a lower\ncost.Japan\nis the world's largest market for slot machines with an installed base of\napproximately 1.4 million slot machines. In comparison, the United States only has an\ninstalled base of approximately 853,000 “gaming machines” according to th...