Dave & Buster's Entertainment, Inc. - PLAY STOCK NEWS

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has appointed Gail Mandel to its Board of Directors, effective April 18, 2022. This follows the retirement of Patricia Mueller, who served on the Board since 2015. Kevin Sheehan, Board Chair, praised Mueller's contributions and expressed excitement about Mandel's financial expertise and potential to drive growth. Mandel, founder of Focused Point Ventures, brings extensive experience from her roles at Wyndham Destination Network and Sabre Corporation. The company operates 145 venues across North America, offering dining and entertainment.

Dave & Buster's (NASDAQ:PLAY) announced its agreement to acquire Main Event from Ardent Leisure Group and RedBird Capital for $835 million in cash. This deal aims to enhance both brands by targeting different demographics: Main Event focuses on families with younger children while Dave & Buster's caters to young adults. The acquisition is expected to yield $20 million in synergies within two years and is predicted to be accretive to both earnings and growth. The transaction, pending regulatory and stockholder approvals, will close later this year.

Dave & Buster's Entertainment (NASDAQ:PLAY) reported its fourth quarter and fiscal year results for the period ending January 30, 2022. Revenue for Q4 reached $343.1 million, a 193.7% increase from Q4 2020 but a 1.2% decline from Q4 2019. Net income totaled $25.7 million, or $0.52 per diluted share.

For fiscal 2021, revenue was $1.30 billion, up 198.7% from fiscal 2020 but down 3.7% from fiscal 2019. Adjusted EBITDA improved to $351.7 million, or 27.0% of revenue. The company redeemed $55 million in senior secured notes, improving its financial position.

WWE has partnered with Joe Hand Promotions to broadcast all Premium Live Events at over 140 Dave & Buster’s locations nationwide, starting with WrestleMania on April 2-3, 2022. This strategic move aims to expand WWE's audience and enhance the viewing experience for fans. Emilio Revelo, WWE VP, highlighted the synergy between WWE events and the fun atmosphere at Dave & Buster's, while Joe Hand Promotions expressed enthusiasm for connecting WWE fans in a vibrant setting. This collaboration could significantly boost attendance and engagement for WWE events across the country.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) announced it will report its fourth quarter and fiscal year 2021 financial results on March 28, 2022, after market close. A conference call is scheduled for March 29, 2022, at 7:30 a.m. Central Time to discuss these results. Investors can access the call by phone or through a live webcast on the company's website. With 144 venues across North America, Dave & Buster's combines dining and entertainment, providing a variety of menu options and games for guests.

Dave & Buster’s has partnered with UFC to offer an enhanced fight-night experience across all locations in the U.S. Fans can watch every UFC event, including Pay-Per-View, on large screens featuring state-of-the-art audio and visual technology. With over 140 locations, Dave & Buster’s provides a communal atmosphere for MMA enthusiasts, complete with a diverse menu of food and drinks. The partnership aims to create an electrifying experience for fans, showcasing UFC events in an immersive setting. For more details, visit www.daveandbusters.com.

Dave & Buster's Entertainment (NASDAQ:PLAY) will host a fireside chat at the Jefferies Virtual Winter Summit on January 25, 2022, at 11:00 a.m. ET. This event will be available via live webcast, allowing investors to tune in from anywhere. The company, which operates 143 venues across North America, combines entertainment and dining, providing a unique experience for customers. A replay of the discussion will be accessible for 30 days following the event. For inquiries, investors can contact Arbor Advisory Group’s Matthew Stroud.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) will host a fireside chat at the 2022 ICR Conference on January 11, 2022, at 11:30 am ET. The event, moderated by Andrew Strelzik from BMO Capital Markets, will be webcast live and can be accessed online. A replay will be available for 30 days post-event. Established in 1982 and headquartered in Dallas, Texas, Dave & Buster's operates 143 venues across North America, providing a unique combination of dining and entertainment options for its customers.

Dave & Buster's (NASDAQ: PLAY) announced the appointment of Michael Quartieri as Chief Financial Officer, effective January 1, 2022. Quartieri, previously with LiveOne and Scientific Games, will oversee finance, accounting, supply chain, and investor relations. Chairman Kevin Sheehan expressed confidence in Quartieri's ability to drive growth and enhance company momentum. Founded in 1982, Dave & Buster's operates 144 venues across North America, offering dining and entertainment experiences.