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Monday, 08/10/2015 10:46:52 AM

Monday, August 10, 2015 10:46:52 AM

Post# of 4834
Compensated Awareness Post View Disclaimer
Ardent Leisure Group (OTC: ANRRF) (ASX: AAD) Rapidly Expanding Presence in U.S. Market through Operation of Popular Family Entertainment Center Brand

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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