The golden age of gaming arcades came in the late 80s and early 90s, but the introduction and development of the home console saw arcade games fall into decline.
Now Immotion VR, which specialises in virtual reality installations with added movement, is hoping to open rebooted arcades in shopping centres, retails parks and cinemas across the UK, according to Telegraph.co.uk.
Immotion builds virtual reality (VR) pods featuring immersive experiences with added motion simulation.
They have already developed a horror-themed ride and a dinosaur exhibition.
Though VR technology has been around for years, its expensive headsets mean it not widely available.
Immotion's planned arcades would offer users the chance to pay a small fee for a VR experience rather than forking out for a headset of their own.
It would also bring gaming back to a central, social location again, as supposed to home entertainment.
The company has so far raised £1.8 million to fund the project, after securing £500,000 from specialist VR fund Sure Ventures.
Immotion chairman Martin Higginson said the technology allowed users to enjoy an "out-of-home" virtual reality experience. But they initially intend to focus on 'experiences' rather than gaming.
Virtual reality headsets are currently available to buy for home use from around £400.
In the UK, spending on virtual reality headsets is only around £100 million per year, compared to the gaming market which is worth more than £5 billion.