Lucky Strike Entertainment Corp (NYSE: LUCK) is a location-based entertainment company that operates bowling centers, amusement venues, water parks, and family entertainment centers across North America. Revenue comes from three transactional streams: bowling fees, food and beverage sales, and amusements and other activities. For fiscal year ended June 29, 2025, total revenues were $1.20B, split across bowling at 46% ($549.9M), food and beverage at 35% ($424.2M), and amusements and other at 19% ($227.2M). The company operates over 360 locations across North America as of the 10-K filed August 28, 2025. Founded in 1997, LUCK pursues growth through direct acquisitions, acquiring 10 venues in fiscal 2025 and 75 since the start of fiscal year 2022. The business is debt-heavy, carrying term loan obligations originating from a $1.15B First Lien Credit Agreement maturing February 2028. CEO Lev Ekster joined under an employment agreement dated November 6, 2024.

Revenue model

Transactional revenue from three segments: bowling lane fees, food and beverage sales at venue locations, and amusement games and other activities. No subscription or membership model is described in the filing. Venues operate under long-term non-cancellable leases.

Products and services

Traditional bowling lanes, upscale bowling entertainment concepts with lounge seating and arcades, food and beverage offerings, amusement games, water parks, family entertainment centers, professional and non-professional bowling tournament hosting, and related broadcasting.

Customers and end markets

Consumer end market focused on out-of-home entertainment. Customer segments include individual leisure visitors and group event bookings. No customer concentration data is disclosed in the filing excerpts.

Value-chain role

Direct operator of location-based entertainment venues. LUCK owns or leases physical locations and delivers entertainment, food and beverage, and amusement services directly to consumers. Growth strategy centers on in-market acquisitions and conversion of existing locations to higher-end entertainment concepts.

Geographic exposure

North America, with over 360 locations as noted in the 10-K filed August 28, 2025. No country-level revenue breakdown is provided in the filing excerpts.

Source: SEC 10-K, filed 2025-08-28

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