The player lights light up when I turn the system on.
Were they steady on or are they blinking ?
And as Cheffo mentioned, read up on getting it into TEST mode. (it's just a switch near the coin door)
May need to go through and do some unplugging and plugging back in and such to check contacts.
Also be sure to be familiar with what they call the ARII board. (Audio/Regulator board)
You may be referred to look at it.
I will read over the manual while I am supposed to be learning... 
Eh, it's still learning ain't it ?

And no, this thread won't just die or disappear. But you may have to search for it in order to respond to get it back to the top. So please respond here when you get ready to get dirty.