DALLAS, Oct. 4, 2012 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., ("Dave & Buster's") today announced that based on continued volatility for new issuers in the equity market, it has chosen not to proceed with its planned initial public offering at this time. Dave & Buster's intends to withdraw its registration statement on Form S-1 as filed with the Securities and Exchange Commission.
"While we received significant interest from potential investors, current market conditions are not optimal for an IPO at this time," said CEO Steve King.
About Dave & Buster's Entertainment, Inc.
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's is a leading national owner and operator of high-volume venues that offer interactive entertainment options for adults and families, such as skill/sports-oriented redemption games and technologically advanced video and simulation games, combined with a full menu of high quality food and beverages. Dave & Buster's currently owns and operates 60 stores in 25 states and Canada.
CONTACT: For Investor Relations Inquiries: Raphael Gross / Fitzhugh Taylor of ICR 203.682.8253 / 203.682.8261 Raphael.Gross@icrinc.com Fitzhugh.Taylor@icrinc.com For Media Relations Inquiries: Kristina Jorge of ICR 646.277.1234 Kristina.Jorge@icrinc.comSource:Dave & Busters