After several years of M&A interest in their US arcades business, Ardent Leisure Group (ASX: ALG) is set to offload their Main Event business to US operator Dave & Buster’s for USD $835 million on a cash and debt free basis. The Group, alongside co-owner RedBird Capital Partners, is selling retail entertainment business Main Event
Read MoreHaving long been the target of acquisition talks, Ardent Leisure (ASX: ALG) will be pleased to have held on to Main Event Entertainment when talks went quiet amid the onset of a pandemic. But having held their stake through disastrous trading conditions, the US-based entertainment centre business is now thriving as Americans are flocking to
Read MoreDespite being one of the most adversely affected businesses through the COVID-19 pandemic which shut down their theme parks and entertainment venues, Ardent Leisure (ASX: ALG) is recovering quicker than expected, having focused efforts on theme park upgrades and digital gaming channels that will create significant revenue opportunities. The theme parks operator continues to be
Read MoreWith Queensland’s swift management of COVID-19, the Sunshine State is set to recover quicker than its southern neighbours and the State Government is aiming to restart its tourism industry via a $69.9m support package for Ardent Leisure (ASX: ALG) which will re-open Dreamworld and WhiteWater World in September. The financial assistance packages totaling $69.9 million
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