Sega is selling Sega Amusements, which is responsible for the management of Sega-branded arcades. Sega will still make arcade machines, which would go into arcades owned by different franchises. Yes, the arcade business will shrink, but it is still far from dead yet.
Ironically, we might be on the verge of an arcade renaissance once COVID passes. Flat-rate arcades (where you pay for all-day or per hour play rather than per game), barcades (literally just upscale bars that stock large amounts of arcade games), and the like might have a new niche...
Arcades were very much a product of their time. That time began to end in the early to mid 1990s. Between games like Doom dropping for PC, and new consoles like the PlayStation getting better-than-the-original arcade ports, the writing was on the wall.
They had closed one of their game center recently in Tokyo. That said, there was plenty of them, some almost side by side there.
There are some fighting games, but it's mostly a gacha/tcg place.
Well Actually said arcades are available, get enough of These together and it's basically the same thing:
https://www.bestbuy.ca/en-ca/search?search=arcade
...just be prepared to pay to do so.
For what it's worth, Japan's arcade scene is a completely different beast from just about everywhere else. It survived the rise of home consoles for various reasons. Sega's been running them there for so long for precisely this reason.
We've got an arcade around here, where you pay not by the game, but by the hour. They also do things like card tournaments, where you get free play during downtime between rounds and stuff. It seems like it's mostly been working out for them.
My town has a couple of video game bars. One has a cover charge to get in and free games, the other has cabinets where you insert quarters. I guess that's how arcades can continue existing for older demographics.
While the arcade scene is currently dead due to a certain virus, there are a few arcade games that are starting to build a nationwide community in the USA, most notably Killer Queen.
A lot of rhythm games like DDR or Taiko are prohibitively expensive to play at home, at least if you want quality equipment. Home pads and mini-drums are just not the same.
Kids don't know nothing these days! I was waxing about how old microcomputer games used to come on cassette tapes. You know what the college-aged hatchlings in Phlebotomy said? "What's a cassette?" FFFFFFFFFFFFFFFFFFU-