We don’t know of any particular arcade design this would have come from, but it’s just too clever to miss. This is a metal arcade sign with the Pac-Man characters fashioned as letter replacements. Not only is that the most ‘leet way we’ve ever seen somebody write “arcade,” but this sign evokes memories of classic arcade days in a way that few can.
Could this be from one of the retro mallrat hangouts? Or perhaps some whimsical decoration from an oceanside boardwalk arcade still operating today? Who knows, but your game room needs this in the worst way!