MAIN EVENT TO BE ACQUIRED BY DAVE & BUSTERS FOR $835 MILLION

About this update from Dave & Buster's Entertainment, Inc.

[{"type":"text","content":"Main Event CEO Chris Morris to be named CEO of the combined entity upon closing\nDALLAS, April 6, 2022 /PRNewswire/ -- Main Event Entertainment, Inc. (\"Main Event\" or the \"Company\") today announced that Ardent Leisure Group Limited (ASX: ALG) (\"Ardent Leisure\") and RedBird Capital Partners (\"RedBird\") have entered into an agreement with Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) (Dave & Buster's) to acquire Main Event. Upon closing of the transaction (the \"Closing\"), Main Event's current Chief Executive Officer Chris Morris will be named Chief Executive Officer of Dave & Buster's.\n\n \n \n \n \n \n \n\n \nMain Event is one of the fastest-growing family entertainment brands in the country, with 50 operating locations nationwide. Main Event offers the most fun under one roof with state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to partake in shared and memorable experiences.\n\"We are thrilled to join the Dave & Buster's family,\" said Chris Morris, Main Event's Chief Executive Officer. \"We will undoubtedly benefit from the collective expertise and strong culture of both brands, particularly as we continue to accelerate Main Event's aggressive expansion plans.\"\nThe transaction represents a total enterprise value of $835 million and is projected to close later this year, with specific timing subject to customary closing conditions, including approval by Ardent Leisure shareholders and the expiration of the waiting period under the HSR Act. The acquisition is a transformational opportunity to merge two thriving brands that target uniquely different demographics and enhance the breadth of offerings and experiences to each brand's guests. Main Event will continue to operate as a distinct brand serving families of all ages under Dave & Buster's.\nDr Gary Weiss, Chairman of Ardent Leisure, said \"Ardent Leisure has partnered with the Main Event brand since 2006 as the company has grown from its Dallas foundations to 50 locations nationwide today. We are particularly proud of our significant involvement in the rejuvenation of Main Event over the last four years and this transaction reflects the culmination of significant value creation that has been achieved by Ardent Leisure and the Main Event management team over this time.\"\nGerry Cardina...

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