There has also been enormous cost pressures which have mainly affected existing arcades- we’ve recently discussed skyrocketing electrical costs in Europe and parts of Asia as being a huge burden – but I also would guess that some might be pausing their plans to open a new space when they take all of that into consideration. I haven’t attempted to take a loan out on anything after all the recent bank meltdowns though, so I don’t know how that is going, but I imagine it’s not as easy to get capital now compared to a year ago. Small, indie arcade businesses tend to be quicker to start but again, it still takes time.
Why the slow down? Such investments can come in ebbs and flows, FECs in particular will take millions to build but it takes time for all of that to come together. I was searching for venues in March and April, but news in this regard was tepid up until this month, where it suddenly blew up. It’s been a spell since we last spoke about brand new arcade businesses opening their doors, the most recent post about the subject coming along in February.
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