If you managed to break an arcade button it must be high quality.
Real arcade buttons are practically indestructible. Buy real arcade buttons. Forget the blinky garbage.
All it adds is complication and cost at the expense of durability and game play quality. The controls are the most important part of your build. The way they play will determine how much fun you get out of your machine. You won't care how blinky your cab is if it is no fun to play