Kinbasha Gaming International, Inc. Discusses Increasing Attention on Pachinko by Western News Sources
08 Febbraio 2013 - 2:31PM
Marketwired
Kinbasha Gaming International, Inc. (OTCQB: KNBA), owner and
operator of retail pachinko gaming centers nationally in Japan, is
pleased with the increasing attention placed on pachinko by western
news sources. The pachinko industry was recently featured in a
January 16, 2013 radio segment on the one-hour show "The World"
broadcast by Public Radio International ("PRI"), as well as being
featured in various print articles by news organizations such as
Bloomberg and the BBC.
Entitled "Japanese Pachinko Addiction Fuels Multi-Billion Dollar
Industry," the radio segment on PRI discusses pachinko's enormous
influence on the Japanese economy and how it compares in size to
many more traditional forms of gaming and/or gambling around the
world.
The PRI radio segment explains, "The pachinko industry
constitutes Japan's largest leisure activity. The sector employs
over 300,000 people and brings in about $225 billion a year. That's
more than two times the revenue from all legal US gambling
operations -- in other words, about the GDP of a country like
Israel."
The segment goes on to say, "The parlors are everywhere. You can
see the flash of their neon signs from the train as you pull into
stations across the country. Turn on the TV and you'll catch
commercials for new parlors and machines..."
In addition to its recent radio mention on PRI this month, the
pachinko industry has also been mentioned in various print articles
as well. Bloomberg made an early mention of pachinko in western
business media in an article that described how the industry was
surpassing Las Vegas, which had the headline "Japan's Pachinko
Parlors Beat Vegas as Gamblers Defy Recession."
More recently, in an August 2012 article by the BBC that was
entitled "The Big Business of Japan's Pachinko Parlours," the
author describes just how profitable the pachinko industry can be
in Japan.
The article mentions, "It sounds elaborate for a game, but
pachinko is both big business and a national obsession -- there are
more than 12,500 pachinko halls in Japan, some with slot machines,
which together make four times as much profit as all the rest of
the world's legal casino gambling combined."
To read the full article on the BBC, please navigate to:
http://www.bbc.com/travel/feature/20120815-the-big-business-of-japans-pachinko-parlours
"As the only pachinko company that is SEC-reporting, Kinbasha is
thrilled with the increasing prevalence of pachinko in western
media," stated Mr. Masatoshi Takahama, CEO of Kinbasha Gaming
International. "This enhanced awareness about our multi-billion
industry is a major benefit to our efforts as we continue to
fulfill our strategic growth initiatives in Japan and raise capital
in the US markets."
About Kinbasha Gaming International,
Inc.
Based in Hitachi City, Japan, Kinbasha Gaming International,
Inc. (OTCQB: KNBA) is a retail gaming company that operates 21
pachinko parlors in the Japanese prefectures of Ibaraki, Tokyo and
Chiba. For more than 50 years, the company's retail gaming
establishments have offered customers the opportunity to play the
games of chance known as pachinko and pachislo. Pachinko is played
on a device which resembles a vertical pinball machine and pachislo
is played on a machine that resembles a western style slot machine.
Pachinko and pachislo are collectively ranked as Japan's largest
leisure activity. For more information on Kinbasha, please visit:
www.kinbashainc.com
For comprehensive investor relations material, including fact
sheets, multimedia resources, and videos regarding Kinbasha, please
follow the appropriate link: Investor Portal, Overview Video and
Investor Fact Sheet.
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.
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Investor Contact: Trilogy Capital Partners - Asia Darren
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