A famous Sega amusement arcade in Tokyo is closing down, emphasising the sharp reduction in revenues in Japanese venues.

The GiGO location in Ikebukuro, owned by the newly-named Genda Sega, will shut its doors on September 20, it has been confirmed by Takashi Kataoka, chairman of Genda Inc in a Twitter statement.

This follows the closure of another famous Sega location in Tokyo, the Sega Building No 2 in Akihabara last August.

The Ikebukuro location is a nine-storey building in a prime location in the city and was opened as an arcade 28 years ago. The company has stated that the closure was forced by the ending of a fixed-term leasing contract. It is understood that the building will be redeveloped.