An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Bowlero Corp. Continues Growth in California and Iowa
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Bowlero Corp. (NYSE: BOWL) has announced two new acquisitions, bringing its total definitive agreements for 2022 to 17. The newly acquired bowling centers are Double Decker Lanes in California and Great Escape in Iowa. Double Decker Lanes features 50 lanes, a sports bar, and arcade games, while Great Escape includes laser tag and a full-service restaurant. So far in FY23, Bowlero has entered nine agreements and completed seven acquisitions, highlighting its commitment to growth and enhancing guest experiences.
Positive
Bowlero Corp. has entered into 17 definitive agreements in 2022, indicating strong growth.
The acquisitions of Double Decker Lanes and Great Escape expand Bowlero's presence in California and Iowa, respectively.
The company has completed seven acquisitions in FY23, showcasing its active growth strategy.
Negative
None.
Bowlero Corp. Has Now Entered Into 17 Definitive Agreements in 2022
RICHMOND, Va.--(BUSINESS WIRE)--
Bowlero Corp., (NYSE: BOWL) the global leader in bowling entertainment, announced today that it has entered into definitive agreements to acquire two additional bowling centers – Double Decker Lanes in California and Great Escape in Iowa.
Thomas Shannon, Founder & Chief Executive Offer of Bowlero Corp. stated, “We are very pleased to announce the upcoming acquisitions in California and Iowa as part of our ongoing growth initiative, bringing our total definitive agreements for Calendar 2022 to 17.”
On the West Coast, Double Decker Lanes in Rohnert Park, CA, located in Sonoma County, will be the company’s 46th location in the state. Double Decker Lanes is a 50-lane center featuring a full-service lounge and sports bar, a banquet room for private events, arcade games, billiards, and an elite pro shop.
In Iowa, the acquisition of Great Escape will expand the company’s footprint to two locations in the state – the first being the recently completed acquisition of Thunderbowl in Council Bluffs. Great Escape is located in the city of Pleasant Hill, a suburb of Des Moines, and is a 24-lane center with laser tag, over 50 arcade games, virtual reality, and a full-service restaurant.
“As we execute on our robust pipeline of acquisitions, we remain highly committed to our guest experience,” said Shannon. In closing, Shannon stated, “Entering a new city is an exciting moment for the company, and we are looking forward to bringing the Bowlero experience into these communities.”
Thus far in FY23 Bowlero Corp. has entered into nine definitive agreements, and completed seven acquisitions.
About Bowlero Corp. Bowlero Corp. is the global leader in bowling entertainment, media, and events. With more than 300 bowling centers across North America, Bowlero Corp. serves more than 27 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.
