Events and sponsorshipsĭave & Buster's is a corporate sponsor of the Ultimate Fighting Championship organization. Since 2020, Power Cards have been able to be added to Google Pay and Apple Wallet through the DING DING DING app. In 2015, Dave & Buster's installed proximity game card readers that allow guests to simply tap on the readers to play. By replacing most coin operations, the Power Card has reduced the technical difficulties and maintenance issues associated with coin-operated equipment. The Power Card is intended to enable customers to activate games more easily and encourage extended play of games to increase customer spending. In 1997, Dave & Buster's introduced the Power Card, a declining balance card or 'debit card' that replaces traditional tokens and tickets, and is required to activate most arcade games and can be reloaded at so called "power stations". Gamesĭave & Buster's dubbed their arcade section, which features interactive games and simulators, "Million Dollar Midway".
Dave & Buster's is more targeted towards an adult clientele than most location-based entertainment in general, with all guests under 21 required to be accompanied by a guardian and only allowed in until 10 p.m. Buffets are available for special events and private parties. The menu is frequently updated to reflect current trends and guest favorites. Items on the Dave & Buster's menu are offered from early lunch until late night and include pastas, burgers, steaks, seafood, chicken and desserts. Dave & Buster's has not ruled out the possibility of converting some of its larger locations to the Main Event format, and opening smaller Dave & Busters locations in the same market to supplant them. Main Event will operate alongside the main Dave & Buster's chain, differentiated by their formats (with Main Event locations typically being larger than the average Dave & Buster's location, and including activities such as bowling and laser tag) and market positioning (with Main Event having typically targeted families, and Dave & Buster's having typically targeted young adults). 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. The first Dave & Buster's was opened in Dallas in 1982 by David Corriveau and James "Buster" Corley.
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