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Underground Arena is a stage in Street Fighter V. It was first seen in Zangief's reveal trailer.
An alternate version, named Spooky Arena, was recently released as well. Necro and his girlfriend Effie appear in the background of this version.
First knock out zone in Underground Arena, where the defeated foe pummels through into the courtyard outside and slamming into a snowman.
The second knockout zone of Underground Arena sees the defeated opponent being slammed into the bar as bottles shatter and half of a Matryoshka doll lands on their head.