No no no, you just need a new varistor. It's a $1.00 part and it's that flat red, round component you can see that's scorched in your pics. That is designed to blow out during a power spike to prevent damage to the game. It will also also take out that line fuse you mentioned so you have to replace both at the same time. You can get these at radio shack. I have done this repair a handful of times and fortunately the games worked 100% after that.
Brian