On April 6, 2022, Dave & Buster's announced that it would acquire the Plano, Texas-based family entertainment center chain Main Event Entertainment from Ardent Leisure and RedBird Capital Partners for $835 million, with its CEO Chris Morris becoming the new CEO of Dave & Buster's upon the completion of the sale in June 2022. ĭave & Buster's CEO Brian Jenkins retired in September 2021, with chairman Kevin Sheehan named interim CEO. As restrictions eased, the company began to recover in fiscal year 2021, being down only 10%, although Omicron variant resulted in a decrease in the fourth quarter of 2021. The company's same-store sales fell by 70% during fiscal year 2020. ĭave & Buster's, as with all other entertainment and restaurant businesses, was affected by the COVID-19 pandemic due to restrictions on non-essential businesses. Shares are traded on the NASDAQ stock exchange using the symbol PLAY. The offering raised $94 million, to be used for debt repayments. In October 2014, Dave & Buster's launched a second IPO, selling 5.88 million shares at an offering price range of $16–18. In June 2010, Oak Hill Capital Partners, in partnership with the company's management team, completed its acquisition of Dave & Buster's from Wellspring Capital Management. However, it pulled out right before it opened. The company had set a date for the Initial public offering IPO of October 5, 2012. On July 16, 2008, Dave & Buster's Holdings Inc, filed with the SEC to again become a publicly traded company. The company announced on December 8, 2005, that it would be acquired by private equity firm Wellspring Capital Management.
Seven of these Jillian's locations were rebranded with the Dave & Buster's name, while two were closed following the acquisition. ĭ&B acquired nine Jillian's locations after Jillian's filed for Chapter 11 Bankruptcy in 2004. By 1997 the chain had ten locations across the country. Dave & Buster's was spun off from Edison Brothers, and went public with Andy Newman as chairman in 1995. In 1989, Edison Brothers Stores purchased a majority ownership in the restaurant to finance further expansion into other cities. After opening Dave & Buster's, the two operated as co-CEOs. Corley had previously operated a bar called "Buster's" in Little Rock, Arkansas, next door to a saloon and game parlor called "Cash McCool's", owned by Corriveau. "Because people start arguing, next thing you know, they're pulling guns out.The first Dave & Buster's was opened in Dallas in 1982 by David Corriveau and James "Buster" Corley. "Anywhere you go, you always just have to look over your shoulder," Steve Grubka, a Martinez resident, said. The presence of security guards roving around the shopping center gives some customers peace of mind their safety while shopping there is in good hands. "I think it's a little scary to think if people are able to get into a Dave and Buster's with a gun."ĭave and Buster's Corporate Office did not respond to KTVU's questions regarding how the company handles weapons brought into its venues. "I don't know if we would come again," Sarah Speights, a Concord resident, said. Visitors to the shopping center on Monday said it has always felt safe, but now they are less sure of their safety. Closed during much of the pandemic, the venue is considered a new family destination for locals. SEE ALSO: Recent brawl may have contributed to Emeryville roller rink's abrupt closureĭave and Buster's opened its doors at the Veranda Shopping Center in Concord in September 2019. If anyone has information, they should call the Concord Police Department confidential "tip line" at (925) 603-5836. The indoor entertainment center will be closed until 5:30 p.m.
We are doing everything possible to support the police in their investigation." We particularly want to thank our team members and security officers who quickly mobilized to help. Police said that no one outside was struck by gunfire.ĭave and Busters' corporate office sent a statement to KTVU that read, "Our thoughts are with all of our guests and team members impacted by this incident. Video at the scene showed many customers outside the entertainment center after the shooting. Police did not release details about what the argument was about. Preliminary details indicate there was an argument between two groups inside Dave and Buster's which led to the shooting.