More than 300 employees at three Dave & Buster’s sports bar and restaurants in Michigan will see temporary furloughs turn into layoffs next month. 



an orange ball in front of a building: Dave & Busters in Livonia on Monday, Oct. 12, 2020.


© Kirthmon F. Dozier, Detroit Free Press
Dave & Busters in Livonia on Monday, Oct. 12, 2020.

Dave & Buster’s plans to lay off 119 employees at its Utica location, 111 employees at its Livonia location and 81 employees at its Kentwood location, according to paperwork submitted to the state of Michigan. 

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The permanent layoffs are scheduled for Nov. 8.

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The food-and-games chain plans to lay off more than 1,300 workers in seven states, according to Restaurant Business. The largest number of layoffs are set to take place at the three Michigan locations, three Massachusetts stores and two Denver locations.

Dave & Buster’s had built up a celebrity buzz

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DALLAS, Oct. 14, 2020 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, today provided an update on the status of store re-openings and its continued encouraging business recovery trends. Key highlights include:

  • As of October 4, 2020, we have safely opened one new store and reopened 98 of the Company’s 136 stores consistent with local health restrictions;
  • Comparable store sales have steadily improved during the third quarter. After declining 87% during the second quarter, comparable store sales declined 75% in August and 62% in September.
  • In August, 84 stores were open at the end of the month, of which 68 stores were comparable stores. The 68 comparable stores performed at an index of 46% compared to their 2019 levels, In September, 99 stores were open at the end of the month, of which 81
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a sign in front of a mirror: Dave & Buster's (PLAY) logo on a window


© Source: Jeff Bukowski/Shutterstock.com
Dave & Buster’s (PLAY) logo on a window

Dave & Buster’s (NASDAQ:PLAY) may be facing bankruptcy and the news has PLAY stock falling hard on Thursday.



a sign in front of a mirror: Dave & Buster's (PLAY) logo on a window


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Dave & Buster’s (PLAY) logo on a window

Recent reports claim that Dave & Buster’s has warned that a bankruptcy could be on the way due to the novel coronavirus. The pandemic has been battering retailers for months now and that includes the entertainment company.

According to the reports, Dave & Buster’s has reached a short-term debt relief agreement with lenders. However, that agreement only lasts until Nov. 1. If it can’t get its problems sorted out by then, bankruptcy might be its only option.

To go along with that negative news, the company has also announced it’s laying off more than 1,300 employees. These are furloughed workers spanning seven states that were unable

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The prognosis for Dave & Buster’s Entertainment Inc., a chain of entertainment centers that offer food, drinks and arcade games, looked increasingly dire this week as the coronavirus economy took a massive bite out of revenue and the company looked to lay off hundreds of workers.

Ticker Security Last Change Change %
PLAY DAVE & BUSTER’S ENTERTAINMENT INC 19.11 +0.10 +0.50%

The company warned Wednesday that it may need to file for bankruptcy if it can’t reach a deal with its lenders amid the coronavirus’ squeeze on the industry, the Wall Street Journal reported.

CORONAVIRUS-STRICKEN US COMPANIES POP ‘POISON PILLS’

That’s after Dave & Buster’s second-quarter revenue plummeted an eye-popping 85 percent this year compared to last, the company announced last Friday – falling

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Shares of Dave & Buster’s (PLAY) – Get Report rose Tuesday after Deutsche Bank analyst Brian Mullan upgraded the entertainment chain to buy from hold and lifted his share-price target to $28 from $18.

That new target is a Wall Street high, according to Bloomberg. 

Dave & Buster’s shares recently traded at $19.10, up 1.3%. They have dropped 52% year to date.

Mullan sees the company rebounding from the woes inflicted by the coronavirus pandemic, which saw stores close as people stayed home.

The next key milestone for Dave & Buster’s is to reach weekly same-store sales levels that “equate to neutral to positive cash flow generation at the open stores,” he wrote in a report cited by Bloomberg.

On Thursday, the company plans to report earnings for the fiscal 2021 second quarter ended Aug. 2. If it can reach that milestone in the earnings report, investors will

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