Curated News
By: NewsRamp Editorial Staff
November 23, 2024
GENDA Inc. Expands U.S. Location Count Through Acquisition of NEN
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- Kiddleton's acquisition of NEN has expanded GENDA's U.S. location count by approximately 8,000 locations, providing a significant advantage in the market.
- Kiddleton's new style game machines featuring GENDA's Japanese 'Kawaii' prizes have shown an average 3X increase in same-store sales, indicating a successful business strategy.
- Kiddleton's expansion will bring unique Japanese-style entertainment experiences to a wider U.S. audience, enhancing the quality of retail and amusement offerings.
- Kiddleton's response to the rising popularity of Japanese content in the U.S. with 'Kawaii' designs offers a fresh and exciting entertainment trend for customers.
Impact - Why it Matters
This news matters as it signifies a significant expansion for GENDA Inc. and Kiddleton, Inc. in the U.S. market. The acquisition is expected to bring unique Japanese-style small prize game machines and prizes with 'Kawaii' designs to more locations, offering customers 'products that can only be found here, experiences that can only be had here.'
Summary
GENDA Inc. announced the transfer of all equity interests of National Entertainment Network, LLC to Kiddleton, Inc. This acquisition has expanded GENDA's U.S. location count by approximately 8,000 locations. Kiddleton's new style game machines featuring GENDA's Japanese 'Kawaii' prizes have shown an average 3X increase in same-store sales. The new combined company will continue to leverage and expand NEN's digital loyalty program with over 1M players already enrolled.
Source Statement
This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, GENDA Inc. Expands U.S. Location Count Through Acquisition of NEN
