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Re: Steam Games that work well on an arcade cabinet. You might try Mercenary Kings, which is currently on Steam Early Access (it's in public beta basically). It's a Metal Slug/Mega Man style game where you also collect minerals to craft new guns.
It is one of the earliest arcade video game released in the year 1972. Created by Allan Alcorn, the 'Pong' video game was released by 'Atari Incorporated'. History of Video Games. The missile defense systems based on cathode ray tube are associated with the origin of video games in the 1940s.