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Finance Notes: Hollywood Bowl Hands Out Dividends After Profits Soar

Hollywood Bowl is handing its shareholders dividends worth around 10% off its annual revenues after profits "soared" last year. Pre-tax profits at Britian's largest bowling alley chain grew from £2.6M to £21M in the year to October, after an 8.8% "hike" in sales to £114M. Hollywood Bowl has 58 locations after opening new sites in Derby, Southampton and London's O2 during the year (London TELEGRAPH, 12/11).

Venture capital firm CrossCut Ventures raised $125M to invest in esports, artificial intelligence, software-as-a-service, gaming and virtual and augmented reality startups. The initial goal for the fourth seed fund was $100M. The company "does not only invest in esports, but some of the most important of the 32 companies in CrossCut’s portfolio are esports-oriented" (THE ESPORTS OBSERVER, 12/11).

For more coverage of the business of esports, visit our partners, esportsobserver.com.

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