David Guerrero made his own arcade table for playing Simon.
This video shows a demo of the game play.
While he used genuine arcade joysticks and a vintage CRT display, it was still lacking in authenticity. The risk of a $0.25 loss was missing. Since emulators basically allow unlimited lives, taking away the gamble of a valuable coin, David disabled that feature and created a little challenge that must be won to add more coins/lives.
The code and many other details about the project (like how to obtain the valuable game play credits) are available on GitHub.