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Ardent’s $1.1b US cash bonanza

The sale of Ardent Leisure’s US business, Main Event, for $1.1 billion follows a well executed turnaround strategy.

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Legendary investor Gary Weiss has once again shown that his business skills go well beyond doing masterful corporate deals.

Ardent Leisure’s $US835 million ($1.1 billion) sale of the Main Event entertainment business to Dave & Buster’s Entertainment in the United States is proof that Weiss can also pull the levers necessary to turn around a poor performing business.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/ardent-s-1-1b-us-cash-bonanza-20220406-p5abch