Kinbasha Gaming International Inc. is trying to negotiate with lenders and obtain new financing to reduce debt and expand its chain of pachinko parlors in Japan.

The Hitachi City, Japan-based company operates 21 pachinko parlors in Japan through subsidiary Kinbasha Co. Ltd. The parlors, located in Ibaraki, Tokyo and Chiba, resemble Western-style casinos and offer the machine gambling games pachinko and pachislot. Besides the gaming operations, Kinbasha makes money from selling cigarettes, non-alcoholic beverages and other snack items in the parlors.

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