GameWorks arcades has a brand new proprietor: ExWorks Capital

GameWorks Inc. introduced in the present day that it has new possession. The arcade chain is now run by ExWorks Capital.

GameWorks has seven areas throughout the nation, together with in cities like Las Vegas, Denver, and Seattle. The complexes provide gaming and eating. The model began in 2010. Previous to ExWorks, Oomba acquired GameWorks in 2017. Nolan Bushnell, the founding father of Atari and Chuck E. Cheese, was one of many cofounders of Oomba.

ExWorks doesn’t have as a lot of a background in leisure. In keeping with the company’s website, ExWorks is a “senior secured debt fund that gives essential liquidity to companies in want of financing.”

ExWorks is naming Philip N. Kaplan as GameWorks’ new chairman and chief govt officer. He replaces Greg Stevens, who was CEO for six years. Kaplan has nearly 30 years of expertise working private and non-private companies. He final labored as a managing associate on the real-estate firm April Mountain Properties, LLC for 5 years.

GameWorks has tried to capitalize on the rising esports scene by creating aggressive gaming arenas in a few of its areas. Arcades have fallen off in recognition in North America since their prime within the ’80s, so they should discover methods to adapt in the event that they need to keep related. Within the early days of GameWorks, that meant marrying the video games with a bigger leisure complicated that included eating and different points of interest, much like different corporations like Dave and Buster’s. Now, GameWorks is seeking to esports to convey pleasure again to the model.

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