Last Bronx

Each match is a best out of two rounds fight with victory by knock out or remaining health at the end of the 30-second time limit. The stages are set in real Tokyo city closed areas without any ring outs. However, fighters can jump on the barriers (and eventually make a disqualifying ring out backflip from there).

Sega AM3 used the "PKG" 3-button system introduced by the AM2 in Virtua Fighter – "P" stands for "Punch" (or weapon), "K" for "Kick" and "G" for "Guard". The player uses the arcade joystick to move the character. Certain joystick and button combinations result in special attacks and combination attacks. The "G" button is used to block the opponent's attacks and to perform a feint attack called "Attack Cancel".

Last Bronx is set in an alternate version of post-Japanese bubble Tokyo, where youth disenchantment and disillusion with Japan's explosive economic and societal progression lead into the culmination of the historic violent underground event known as the All Tokyo Street Wars, and into an era where crime and gang warfare is rampant.

Upon the peak of the All Tokyo Street Wars, a bōsōzoku gang known as Soul Crew made an explosive rise to power, uniting Tokyo's youth and gangs by their philosophy of Free Soul and enforcing their will by both negotiations and unstoppable and unmatched fighting prowess. This would lead into a brief lived ceasefire however, as soon shortly after, the leader of Soul Crew would be grisly murdered, leading into the Second All Tokyo Street Wars upon his death. Immediately, a message was made by a mysterious group known as Redrum, who demanded a tournament of fair dueling be engaged by the leaders of all of Tokyo's strongest gangs to know who would rule over all of Tokyo's streets. Dismissed by all who read it at first, this treatise would soon be exemplified by the discovery of missing gang members found dead in Tokyo Bay. Now with the Tokyo's street gang underworld's attention, the Second All Tokyo Street War Tournament, or The Last Bronx, would be able to begin.

The arcade version was developed in Japan by the AM3 team that had developed Virtual On. According to director/project lead Akinobu Abe, "The game was designed to be quite realistic, with realistic style and people - Last Bronx characters wear clothes based on current Tokyo street fashions." While working on the game, the developers found that the weapons couldn't be seen during attacks because of how fast they were moving; this led to them programming the weapons to leave afterimages when in motion.

Environmental texture mapping, used to create the reflective effect of the "Metal" versions of the characters, is not a supported feature of the Model 2 hardware and had to be accomplished through programming trickery.

Last Bronx was already a hit and popular franchise in Japan before the home version's release, but it flopped in U.S. arcades, appearing in only a handful of venues in the country.

Next Generation reviewed the arcade version, describing it as "a grittier, and in some ways more inventive product than the sometimes overly smooth efforts of AM2." The reviewer also praised the subtle techniques, use of the same intuitive three-button configuration used on all Model 2 fighting games, challenging opponent A.I., fluid animation, and intense sound effects.