GameWorks, Inc. Completes Rollout of eSports Lounges across All Venues; Solidifies Leadership Role in eSports Locations, Based on National Footprint

SAN FRANCISCO–(BUSINESS WIRE)–GameWorks,
Inc.
, a full entertainment and dining experience for millennials,
teens and families with seven locations nationwide, announced today the
rollout of eSports
Lounges
in four additional sites, making it the national leader in
eSports venues.

To complement the GameWorks locations already operating eSports Lounges,
including Las Vegas, Denver and Seattle, effective in the 2019 first
quarter, every GameWorks venue will become fully equipped with eSports
Lounges. New eSports locations will be operational as follows:

  • Chesapeake, Va. (Norfolk/Virginia Beach) – February 28, 2019
  • Schaumburg, Ill. (Chicago) – March 7, 2019
  • Minneapolis, Minn./Mall of America – March 14, 2019
  • Newport, Ky. (Cincinnati) – March 20, 2019

With its modern, high-tech and high-touch eSports Lounges, GameWorks has
created an atmosphere designed to meet the comfort and optimum
performance of gamers. Each full-service, premium GameWorks eSports
Lounge is equipped with, on average, 20-40 PCs and consoles and an
extensive library of approximately 100 of the most popular video games,
which is continuously updated. Players can engage in play with one
another casually or participate in any of the estimated 200 tournaments
held at GameWorks’ locations monthly. The expansion to all seven
GameWorks locations is expected to attract players and enthusiasts to
the numerous individual local and regional tournaments each venue will
host. With Lounges open in every venue, eSports teams, leagues and game
publishers can host tournaments in all time zones. Oftentimes, these
events are streamed onto live streaming platforms such as Twitch,
providing connectivity with many other gamers in real time.

“eSports is rapidly gaining momentum worldwide. As an established leader
in competitive gaming and entertainment, GameWorks is well positioned to
capitalize on this burgeoning space. Our strong foothold in eSports –
now that we’ll have Lounges in every location – further strengthens our
leadership position and will serve as a springboard for future growth.
We are evolving right alongside this exciting new world of eSports, and
by partnering with best-of-breed eSports industry constituents –
publishers, players and leagues – we’re bringing players and spectators
exactly what they want. We’re completely focused on catering to our
guests, and have created engaging, inviting and comfortable spaces,
allowing us to further elevate the overall eSports experience at all our
stores. The expansion of our eSports Lounges makes GameWorks the
preferred destination for eSports gamers and enthusiasts alike,” said
Philip N. Kaplan, chief executive officer at GameWorks.

eSports Lounges at GameWorks typically accommodate up to 100 guests, and
feature multiple personal play stations and several large couches,
providing ample, comfortable seating for gamers and spectators alike. To
further enhance game play, guests can order food and drinks from
GameWorks’ new Modern American restaurant, The
Works Kitchen at GameWorks
, which are delivered directly to their
seats. The Works Kitchen at GameWorks’ diverse menu
includes an upscale food offering that takes a contemporary approach to
traditional favorites across a large variety of appetizers, handhelds
(specialty burgers and sandwiches), salads and desserts. Opened only
since October 2018, The Works Kitchen at GameWorks has already been very
well received by guests, and is quickly becoming recognized for its
infamous Works Burger and extraordinary, mouth-watering milkshakes,
among other specialties.

“With a 20-year track record and solid reputation in the gaming and
entertainment space, we’re leveraging our leadership position in
competitive play, arcade games, food and entertainment. GameWorks is the
only entertainment concept that now offers an entirely integrated
entertainment experience, combining the popularity of eSports with the
most in-demand arcade and redemption games, exceptional prizes and an
eclectic, chef-driven restaurant. It’s truly an exciting and
transformative time for our Company and the industry,” Kaplan concluded.

According to IDG
Consulting
, a specialty research, consulting and data analytics firm
focused on gaming and eSports, the global digital gaming industry is
expected to increase 17 percent year-over-year and reach $138 billion in
2018. IDG expects the market to grow at a five-year compounded annual
growth of eight percent and hit $177 billion by 2022.

Yoshio Osaki, president and chief executive officer of IDG Consulting,
added: “GameWorks’ national eSports platform further extends the
Company’s ability to capitalize on the booming eSports industry and
affords it many opportunities for leading the way in this marketplace.
With a national footprint and the capabilities to continue to expand, no
other entity has the breadth and depth that GameWorks has within its
Lounges and across its national eSports platform. GameWorks combines
unparalleled industry experience, massive space and state-of-the-art
technology, all key components necessary for leading the way in terms of
hosting tournaments and special events of any size and becoming the
go-to entertainment space that can continue to meet the evolving needs
of gamers.”

GameWorks eSports Lounges can be rented privately for events, such as
local tournaments and birthday parties, as well as youth group or school
overnight lock-ins, just to name a few.

About GameWorks, Inc.

GameWorks,
Inc.
offers a full entertainment and dining experience for
millennials, teens and families, from seven locations nationwide,
including those in Chesapeake, Va. (Norfolk), Denver, Las Vegas,
Minneapolis (Mall of America), Newport, Ky. (Cincinnati), Schaumburg,
Ill. (Chicago) and Seattle. Each action-packed location ranges, on
average, from between 20-30,000 square feet and features approximately
140 of the most popular arcade and video games. Other interactive
activities, ranging from laser tag, billiards and other special
attractions, are offered at various locations. Every location features The
Works Kitchen at GameWorks
, a new, eclectic, chef-driven restaurant
concept that takes a Modern American spin on bar classics.

GameWorks is recognized nationally for its eSports, which take place in
its eSports Lounges, attracting 80,000+ guests annually who participate
in or watch tournaments.

GameWorks also operates TableTop
Tap House
, a top-rated restaurant, sports bar and social game hall
serving modern American tavern-style food and drinks in San Francisco.

For more information, please visit www.gameworks.com,
or connect with the Company on LinkedIn,
Twitter
and Facebook.