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PLAY - Dave & Buster's Threatens Bankruptcy if Debt Isn't Renegotiated
Dave & Buster's Entertainment Inc.
If Dave & Buster's Entertainment(NASDAQ: PLAY) is unable to get its lenders to agree to new terms on its debt, then the entertainment-themed restaurant chain says it will seek bankruptcy protection from its creditors.
Unlike many other restaurant chains, which survived the worst of the COVID-19 pandemic by relying on takeout and delivery, Dave & Buster's, which thrives on the in-restaurant experience, had no equivalent fallback position.