-

Bowlero Corp. Expands in Michigan

Definitive agreements signed to acquire Merri-Bowl Lanes and BAM! Entertainment Center

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL), the global leader in bowling entertainment, announced today they have entered into definitive agreements to acquire Merri-Bowl Lanes and BAM! Entertainment Center in Michigan. These acquisitions mark the company’s 4th and 5th locations in the state and are expected to close in the fall of 2023.

Located in Livonia, MI, Merri-Bowl Lanes is a traditional 35,000-square-foot center featuring 40 lanes of bowling. This location is a family-fun destination, showcasing a diverse array of entertainment experiences, including league play, youth and adult tournaments, parties, and events.

BAM! Entertainment Center, located in Holland, is a one-stop entertainment destination featuring 29 lanes of bowling and a multitude of dynamic offerings, including a laser tag arena, axe throwing, a high ropes course, and an expansive arcade. This entertainment center is also home to VIP party rooms, extensive menu options, and full-service bars.

“Our expansion in Michigan furthers our commitment to contributing a world-class experience across the country,” stated Thomas Shannon, Founder, President, and CEO of Bowlero Corp. “These acquisitions align with our ongoing strategic growth initiatives of buy, build and convert. We look forward to our continued growth as we welcome these additions to our portfolio.”

About Bowlero Corp

Bowlero Corp. is the global leader in bowling entertainment, media, and events. With more than 325 bowling centers across North America, Bowlero Corp. serves more than 30 million guests each year through a family of brands that includes Bowlero and AMF. In 2019, Bowlero Corp. acquired the Professional Bowlers Association, the major league of bowling, which boasts thousands of members and millions of fans across the globe. For more information on Bowlero Corp., please visit BowleroCorp.com

Contacts

For Media:
PR@BowleroCorp.com

For Investors:
IRSupport@BowleroCorp.com

Industry:

Bowlero Corp

NYSE:BOWL
Release Versions
English

Contacts

For Media:
PR@BowleroCorp.com

For Investors:
IRSupport@BowleroCorp.com

More News From Bowlero Corp

Bowlero Announces First Quarter Results for Fiscal Year 2024

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the world’s largest owner and operator of bowling centers, today provided financial results for the first quarter of the 2024 Fiscal Year, which ended on October 1, 2023. First Quarter Highlights: Revenue decreased 1.2% to $227.4 million versus the prior year and increased 53.1% versus 1QFY20 (quarter ended September 29, 2019) Revenue excluding Service Fee Revenue increased 0.3% to $225.8 million versus the...

Bowlero to Report First Quarter 2024 Financial Results on November 7, 2023

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL) (“Bowlero” or the “Company”), the global leader in bowling entertainment, will report financial results for the first quarter 2024 on Tuesday, November 7, 2023 before the U.S. stock market opens. Management will discuss the results via webcast at 10:00 AM ET on the same day. The live webcast, replay and results presentation will be available in the Events & Presentations section of the Bowlero Investor Relations website at https://i...

Bowlero Completes $432.9 Million Sale-Leaseback with VICI Properties

RICHMOND, Va.--(BUSINESS WIRE)--Bowlero Corp. (NYSE: BOWL) (“Bowlero”), the global leader in bowling entertainment, today completed a transaction with VICI Properties Inc. (“VICI”) relating to the transfer of land and real estate assets of 38 Bowling Entertainment Centers across 17 states for aggregate value of $432.9 million. The transaction was structured as a tax-deferred capital contribution, and proceeds are expected to be used to accelerate new builds, deploy capital into acquisitions and...
Back to Newsroom