Introduction
Drive Shack (DS) is nearing the completion of a transformation in the company from a traditional golf course owner and operator to a golf-based entertainment center operator. The company began this transition in 2018 with the opening of their Orlando location. Since then the company has sold 11 traditional golf courses, and will have 4 new entertainment venues open by the end of 2019.
The entertainment facilities compete with the private company Top Golf. Ironically, the entertainment center idea isn't the only thing Drive Shack took from Top Golf. They recently