Kinbasha Gaming International, Inc. Celebrates Season of Recovery with Newly Renovated Pachislo Parlor

Kinbasha Gaming International, Inc. (the “Company”) (PINK: KNBA) owner and operator of retail pachinko gaming centers in Japan, today announced the full recovery of its line of 21 gaming parlors with the re-launch of a popular Ichige area parlor that was badly damaged in the massive earthquake and tsunami of March 2011.

“We are most pleased to have our operations once again running on all cylinders, and perhaps with more momentum than before as we grow into prime demographic areas with a more refined business model,” said Masatoshi Takahama, Chief Executive Officer. “This is demonstrated by our decision to focus on the more skill-oriented pachislo model in areas such as Ichige, Ibaraki prefecture, where a younger demographic of player prefers this variation of the classic pachinko game.”

Unlike stores operated by smaller ‘mom-and-pop’ operators, Kinbasha’s facilities are upper scale, featuring a selection of the latest pachinko and pachislo machines at each center. Whereas pachinko is very particular to Japanese culture, pachislo machines are akin to Las Vegas-style slot machines, except buttons individually stop the reels, introducing an element of ‘skill’ to the game.

Mr. Takahama continued, “Our research indicates rapid growth trends in the pachislo sector with the gross revenue of pachislo in our top line of 34.5% in 2011, compared to 23.3% in 2009. This follows national trends and we expect this trend will continue in the future. We will continue to model our parlor portfolio accordingly.”

The rebuilt parlor features 250 machines, a contemporary floor layout, similar to that of western-style casinos, in addition to state-of-the-art facilities. For instance, Kinbasha installed devices in the parlor that give players the ability to check the stats and availability of designated machines via mobile phone. Over 230 dedicated players lined up outside the rebuilt parlor for its grand opening.

To view pictures of the grand opening, as well as various players enjoying the machines for the first time since the earthquake in 2011, please visit:

http://www.trilogy-capital.com/autoir/knba_autoir.html

About Kinbasha Gaming International, Inc.

Based in Hitachi City, Japan, Kinbasha Gaming International, Inc. (PINK: KNBA) is a retail gaming company with plans for expansion in Japan’s sizable gaming and food and beverage industries. Founded in 1957, Kinbasha’s principal business is the ownership and operation of retail gaming establishments in Japan that offer customers the opportunity to play the game of chance known as pachinko. Pachinko is played on a device which resembles a slot machine, and is ranked as Japan’s largest leisure activity, accounting for approximately $230 billion in annual revenue. Kinbasha currently employs nearly 1,000 people and owns 21 pachinko parlors in the prefectures of Chiba, Ibaraki and Tokyo. In addition, the company also owns three mid-size restaurants in Japan which offer traditional Japanese cuisine. For more information on Kinbasha, please visit: www.kinbashainc.com

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the Company’s business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Kinbasha Gaming (CE) (USOTC:KNBA)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025