There are several artists named Penny Arcade :

1/ Penny Arcade aka Susana Ventura, made her performance debut at 17 with John Vaccaro's explosive Playhouse of the Ridiculous. She was a teenage superstar for Andy Warhol's Factory and was featured in the Morrissey/Warhol film "Women In Revolt." She has worked with and collaborated with many of the greats of American experimental theatre including Vaccaro, Jack Smith, Jackie Curtis, Charles Ludlam, H.M.Koutoukas and Tom O'Horgan among others.
In February of 1985 she created her first full length performance at New York's Poetry Project at St Mark's in The Bowery which moved to Performance Space 122. This show later expanded into "True Stories" which was performed at Performance Space 122 in 1989. She has since performed in numerous venues around the world, including The Center for Contemporary Art in Glasgow, Scotland, and the Artist Space, Sydney, Australia.

2/ James Hoare : After having worked in recent years with Veronica Falls, The Proper Ornaments and Ultimate Painting, James Hoare announced the release of his first solo album entitled Backwater Collage under the pseudonym Penny Arcade available on May 3 2024.
Read more on Last.fm. User-contributed text is available under the Creative Commons By-SA License; additional terms may apply.
Artist biography from last.fm