SOURCE: Kinbasha Gaming International, Inc.
HITACHI, JAPAN--(Marketwire - Feb 8, 2013) - 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:
"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.