Dave and Buster’s Warns of Bankruptcy

The prognosis for Dave and Buster’s Entertainment looks increasingly dire as the coronavirus economy takes a massive bite out of revenue and the company looks to layoff hundreds of workers. The company warned that it may need to file for bankruptcy if it can’t reach an agreement with its lenders. Dave and Buster’s second-quarter revenue plummeted 85 percent this year compared to last year. The chain also plans to layoff 1,300 employees over seven states. The company has reached a temporary debt-relief deal until November 1, however if that deal isn’t extended the company may need to file for bankruptcy.

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