Entertainment Stocks profiting from the end of lockdowns
In North America many companies from the entertainment industry are seeing a revival.

Across the country, states are beginning to announce an end to masking and social distancing mandates as the percentage of the population now vaccinated nears "herd immunity" levels and case numbers, hospitalizations and deaths in the Associations with Covid-19 in the USA tend to be lower and lower. While this is not the case everywhere in the world, it is certainly cause for celebration for Americans as we approach Independence Day. You've probably noticed the traffic skyrocketing and your favorite local hotspots filling up with smiling, visible faces. This is also an important threshold for investors as it means that the family amusement parks, which were hit so hard during the pandemic last year, have finally got the chance to experience serious sales growth again. This has had a significant impact on large theme parks like Walt Disney Co (NYSE: DIS), but it also marks a major turning point for smaller companies in the family fun industry like Dave & Buster's Entertainment Inc (NASDAQ: PLAY), Amfil Technologies Inc (OTCMKTS: FUNN) and AMC Entertainment Holdings Inc (NYSE: AMC). Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) describes itself as the owner and operator of 141 venues in North America that combine entertainment and dining, and offer customers the opportunity to eat, drink, play and watch in one place ". Dave & Buster's offers a full menu of main courses and appetizers, a full selection of alcoholic and non-alcoholic beverages, and an extensive range of entertainment attractions that focus on playing games and watching live sports and other televised events . Dave & Buster's currently has offices in 40 states, Puerto Rico and Canada. Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) recently announced financial results for the first quarter of fiscal 2021, which ended May 2, 2021, and announced that revenues were $ 265.3 million , compared to $ 159.8 million in the first quarter of 2020 and $ 363.6 million in the first quarter of 2019, total comparable store sales decreased 35% compared to the same period of 2019 and comparable store sales in fully operational Stores decreased by 17% compared to the same period in 2019. Brian Jenkins, Chief Executive Officer of Dave & Buster's, said, "The strength and resilience of the Dave & Buster's brand has never been more evident than it is today. We saw a significant improvement in demand in all of our stores, including ours, in the first quarter recently reopened stores in New York and California. We had total sales of $ 265 million, beating the high end of our expected range for the quarter and setting a new record in our post-Covid sales rebound. That strong sales rebound paired with ours lean operating model, resulted in an excellent profit flow for the quarter and generated EBITDA of $ 72 million, only 19% below Q1 2019. " The stock has suffered a bit lately, with shares of PLAY falling about -12% over the past week. Dave & Buster's Entertainment Inc. (NASDAQ: PLAY) posted total sales of $ 265.3 million in its most recently reported quarterly figures - a figure that represents a 66% increase in sales compared to last year's figures. In addition, the company is struggling with some accounting hurdles as cash and cash equivalents cannot keep up with current liabilities ($ 20.2 million versus $ 279.2 million). Amfil Technologies Inc. (OTCMKTS: FUNN) describes itself as a company engaged in the acquisition and establishment of high-income private companies and optimizing operations under the umbrella of Amfil Technologies. The company seeks long-term financial returns composed of regular dividend income, benefiting from preferential tax treatment and anticipating modest medium to long-term capital growth. Amfil Technologies Inc. is the parent company of three wholly-owned subsidiaries: Snakes & Lagers Inc. holds the brand name and is the owner of Snakes & Lattes Inc., which currently has 3 tabletop gaming bars and cafes in Toronto, Ontario, and 2 in Arizona (Tempe , Tucson) and 1 in Chicago, Illinois. FUNN Dispensaries, Inc. enters the Canadian cannabis dispensary market with its first pharmacy set to open in the summer of 2021 with the goal of significant expansion across Canada.





