Namco-Bandai has set up a new studio in Singapore and has rounded up a team that includes former developers from LucasArts Singapore in order to work on a new arcade title. Because who doesn't love a good arcade game, right?

According to an article on GameSpot, Namco Bandai Division Manager for Amusement Machine Group 2 Makoto Ishii said that the new game would not see a release on consoles, but the arcade IP will be revealed "in the near feature."

It is unknown whether this new title will be related to past Namco Bandai properties or if it will be its own new IP, but we'll update you as more information about it is revealed.

In the meantime, let us know your thoughts on arcade games and arcades in general. Would you want more new arcade IPs? Sound off in the comments!