It looks like 120 volt is the primary side of this transformer..
but you said you got 123 at the monitor connection, so that should be fine..
is there another transformer in that cabinet , or are you feeding 230 volts into the 120 connector of the transformer now ?
Or maybe you can explane the "path" from the mains plug so we can trace where the problem might be ?
one more thing: there are two wires running to the speaker. how much voltage is the speaker supposed to get and how / where do i measure those voltages?
I dont think you can measure that in voltages.. or maybe you can, because when i was young i have connected a 6 volts "bicycle" lightbulb to the audio source and the light was dimming and getting brighter on the beat

i think the best way to check that is to listen if you hear the sounds of the game, so credit and start a game, i think frogger has continue music AFAIK