DAB Dave & Busters

Jillian's Closes Rochester Club LOUISVILLE, Ky., Oct. 7 /PRNewswire/ -- Jillian's Entertainment Holdings Inc. closed its Rochester, N.Y., club today after being unable to find a buyer for the location. The chain of multi-venue entertainment spots has sale agreements for substantially all its other assets. The Rochester location is the only Jillian's club to have closed since the company filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code last May 23. The Rochester club, which opened in 1999 in the High Falls historic district near downtown, has experienced declining revenues, said Gregory S. Stevens, Jillian's chief financial officer. During the Chapter 11 proceedings, which included an auction held September 21, the Rochester Jillian's drew interest but no buyer. The U.S. Bankruptcy Court in Louisville has approved the sale of most of Jillian's assets to Dave & Buster's Inc. (NYSE:DAB) and Gemini Investors III, L.P. for $64.8 million. Jillian's, which has its headquarters in Louisville, has owned, operated and/or licensed 35 clubs in 20 states. DATASOURCE: Jillian's Entertainment Holdings Inc. CONTACT: Tom Andrzejewski or Rob Falls of Robert Falls & Co. Public Relations, +1-216-696-0229 Web site: http://www.jillians.com/

Copyright