Ardent Leisure Group is one of Australia’s most successful
owners and operators of premium leisure assets – including a collection of the
country’s most popular theme parks and family-fun attractions. Additionally,
the company, through wholly-owned subsidiary Main Event Entertainment, is one
of the largest owners of indoor family entertainment centers in North America,
operating 20 award-winning locations throughout the United States.
“As the pioneer of bowling-anchored entertainment, Main
Event’s Eat.Bowl.Play. experience is second to none,” Charlie Keegan, president
and chief executive officer of Main Event, stated in a news release. “Our brand
is quickly growing, and soon, we’ll be sharing our fun in new centers in nearly
every market across the country.”
In recent months, Main Event has made considerable progress
toward expanding upon its established presence in the domestic family
entertainment center market. In addition to opening six new centers within
eight months to close out 2014, the company recently announced that
construction is underway on its newest Main Event location, which will be in
Independence, Missouri. Ardent currently expects this location to be
operational by the end of this year.
In its fiscal quarter ending March 31, Ardent successfully
leveraged the market growth of the Main Event brand to record dramatically
improved financial results. The company’s total revenue for the period rose to
nearly AUD 445 million ($330 million), representing a 17 percent year-over-year
improvement. The majority of this growth was driven by the strong performance
of Ardent’s Main Event division, which recorded a massive 58.3 percent
year-over-year increase in quarterly revenue.
Moving forward, Ardent will look to lean on the considerable
industry experience of its management team in order to promote sustainable
financial growth. As the southern hemisphere’s summer season rapidly
approaches, the company is in a strong position to bolster its recent performance.
For more information, visit www.ardentleisure.com.au and
www.mainevent.com
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MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
