It was founded in 1988 by Dave C. and Donna Cooper of New Albany, Indiana, and was created to serve the growing market of coin-op memorabilia collectors, hobbyists, and restorers.

GameRoom was subsequently sold to Tim and Jacqueline Ferrante after the passing of Dave Cooper in September 1996.

In late 2005, after nine years, the Ferrantes sold the magazine to Kevin Steele, best known as the creator of RetroBlast!, a website focusing on the home arcade industry.

On May 1, 2014, The Pinball Company announced it had acquired the assets of GameRoom and had plans to re-launch the magazine in the fall of that year.

The magazine is now a quarterly publication and provides more high quality images of new and classic pinball machines and arcades.