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Here in Edmonton there is a 10 million dollar project to build a huge recreational arcade center on the southside by Cineplex Odeon. It will be a large 2 story building filled with arcades, food and beverages, bowling, Racing simulators and some top secret VR space they won't talk about.

I'm very excited for the grand opening this fall and I plan to go myself!
http://www.therecroom.com/

Personally I think that VR will be the key to restart the arcade industry should it ever happen. The amount of unique experiences that can be tailored and made for certain environments is pretty vast.