Bowlero Corp Acquires Bowling Centers in Florida and Colorado

Rhea-AI Summary

Bowlero Corp has expanded its footprint by acquiring two bowling centers: Manatee Lanes in metro Tampa, FL, and Fat Cats in Westminster, CO. The Manatee Lanes, now under Bowlero management, features 30 lanes and an arcade, marking the 28th location in Florida since its opening on May 5. Additionally, Fat Cats, featuring 29 lanes and glow golf, will operate under Bowlero as Bowlero Promenade, becoming the 13th location in Colorado. This expansion underscores Bowlero's strategic growth in key markets, enhancing its entertainment offerings nationwide.

Positive

• Expansion into metro Tampa and Denver regions enhances market presence.
• Acquisition supports new promotional offers at both locations.
• Manatee Lanes and Fat Cats will add to existing locations in Florida and Colorado, respectively.

Negative

• None.

Bowlero Corp expands in Tampa and Denver metros

RICHMOND, Va., May 31, 2022 (GLOBE NEWSWIRE) -- Bowlero Corp. (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, as well as the owner of the Professional Bowlers Association (PBA), announced today that it has acquired two additional bowling centers – Manatee Lanes in metro Tampa, FL and Fat Cats in Westminster, CO.

On the East Coast, Manatee Lanes is located in metro Tampa suburb, Crystal River. This center features 30 lanes and an interactive arcade. Manatee Lanes opened under Bowlero Corp management on May 5^th and now marks the 28^th location in Florida.

The second location, Fat Cats Westminster is located outside of Denver in the Westminster Promenade. This center features 29 lanes, glow golf, an interactive arcade and nighttime bowling under neon lights. This center is one of nine Fat Cats locations and upon completion of the acquisition, expected on May 31^st, this center will operate under Bowlero Corp Management as Bowlero Promenade.

Bowlero Promenade will mark the company’s 13^th location in Colorado, joining seven Bowlero centers and five AMF centers in the state.

Under Bowlero Corp management, these centers will feature new offers and exclusive promotions from Bowlero.

About Bowlero Corp
Bowlero Corp. is the worldwide leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 26 million guests each year through a family of brands that includes Bowlero, Bowlmor Lanes, and AMF. In 2019, Bowlero Corp. acquired the Professional Bowlers Association, the major league of bowling, which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com.

Contacts:

For Media:
ICR, Inc.
Tom Vogel
Tom.Vogel@icrinc.com

For Investors:
ICR, Inc.
Ashley DeSimone
Ashley.desimone@icrinc.com

Ryan Lawrence
Ryan.Lawrence@icrinc.com 

FAQ

What bowling centers did Bowlero Corp acquire?

Bowlero Corp acquired Manatee Lanes in Tampa, FL, and Fat Cats in Westminster, CO.

When did the acquisition of Manatee Lanes take place?

Manatee Lanes officially opened under Bowlero management on May 5, 2022.

What new features will be offered at the acquired locations?

The acquired centers will feature new offers and exclusive promotions from Bowlero.

How many locations does Bowlero operate in Florida after this acquisition?

Bowlero now operates 28 locations in Florida after acquiring Manatee Lanes.

What is the significance of the Fat Cats acquisition for Bowlero?

Fat Cats will become Bowlero Promenade, marking the 13th location for Bowlero in Colorado, thereby increasing its market share.