Evo Entertainment Group, an independent cinema circuit and entertainment provider, has acquired 100 percent of the stock of Showbiz Cinemas, an independently owned and operated entertainment provider.
Showbiz Cinemas entertainment offers bowling, movies, games and food across 9 venues with 89 screens and 70 bowling lanes. The firm operates out of Texas, Oklahoma, Florida and Wyoming.
The combined business will serve over 8 million patrons a year in 16 venues with over 100 screens and lanes, 9 full-service restaurants and bars, a 3,000 capacity live music venue and over 30,000 combined square feet of attractions. The purchase is the first major move in the partnership with Evo and Marbella Interests.
“Today is a monumental moment for our company and our industry,” said Mitch Roberts, founder and CEO of EVO Entertainment Group. “This transaction establishes EVO as the country’s largest operator of cinema-entertainment centers and paves the way for accelerated progress and innovation within a new era of cinema.”