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Ardent Leisure Group set to cash in on US arcades business and turn focus to theme parks
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
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Main Event remains strong asset for Ardent post pandemic
Having 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
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QLD Government wants you visiting theme parks, issues Ardent $69.9m support
With 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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