Coin Operated Gaming News | Record Revenue for Hollywood Bowl

Bowling operator Hollywood Bowl has reported record revenue for the first half of fiscal year 2024.

In results announced this morning, the company reported first-half group revenue of £119.2 million, compared to £110.2 million in 2023. It attributed this growth to successful execution of its domestic and Canadian growth strategy.

At the British branches, comparable sales rose by 1.3 percent, while at the centers in Splitsville, Canada, they increased by eight percent.

During this period, refurbishments of the Watford, Stockton and Cardiff centres in the UK were completed, a centre in Lincoln was renamed and refurbished and the environmental initiative continued with solar panels being installed at two further sites.

Through course optimisation and new game formats, spend per game increased by 4.5 per cent and 90 per cent of UK branches now use string pinsetters. The entertainment offering was further diversified with the installation of two more Puttstars mini golf courses at Hollywood Bowl facilities.

In Canada, the group continued its expansion, acquiring centres in Guelph, Ontario and Vancouver, British Columbia. The first newly built centre in Waterloo, Ontario is scheduled for completion this month.

Company CEO Stephen Burns commented: “We are delighted to have welcomed so many families, friends and colleagues to our centres in the first half of the year, demonstrating continued demand for high quality, family-friendly leisure experiences at affordable prices, particularly against a backdrop of higher living costs.

“We continue to expect continued modest like-for-like growth, even with a very strong year-over-year comparison, as a result of our customer-focused innovation and investments in our profitable growth strategy. We are confident about the outlook for Hollywood Bowl and are confident that we can capitalize on the long-term opportunity to expand our offering to over 130 centers over the next decade.”