HITACHI, JAPAN--(Marketwired - May 20, 2013) - Kinbasha Gaming International, Inc. (
Kinbasha's parlor in Shinjuku started accepting 5 yen tokens at 17% of its 210 slot machines in March. Its parlor in Fuchu introduced 5 yen slots at 14% of its 196 slot machines in April. These parlors introduced the new lower denomination slots through a promotional "5 Yen Slot Corner" at each location. Kinbasha also has 5 yen slot machines at eight other locations outside Tokyo.
"The introduction of 5 yen slot machines at two of our parlors in the greater Tokyo area has been a great success," said Masatoshi Takahama, Chief Executive Officer. "The lower denomination machines are attractive because they provide both new and inexperienced players more opportunities to hit the jackpot on a lower budget. As a result, slot machine occupancy rates and gross wagers are up at both locations."
At current exchange rates, the standard 20 yen Japanese slot machine equates to about 20 cents to spin the reels. Likewise, a 5 yen Japanese slot machine is similar to a Las Vegas nickel slot machine.
In Japan, a generation of younger players, as well as retirees who are new to gaming, are attracted to the 5 yen machines. There is less risk of losing a significant sum of money and players can enjoy the entertainment value of the game at a lower cost.
Japan is the world's largest market for slot machines with an installed base of approximately 1.4 million slot machines. In comparison, the United States only has an installed base of approximately 853,000 "gaming machines" according to the American Gaming Association, and this figure includes not only slot machines, but other gaming devices, such as video poker. This equates to a Japanese market for slot machines that is almost two times larger than the United States market.
Japanese slot machines are similar to Las Vegas three reel slot machines, with the exception that each reel on the Japanese machine can be independently stopped by the player.
About Kinbasha Gaming International, Inc.
Based in Hitachi City, Japan, Kinbasha Gaming International, Inc. (
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