• Our Story
  • Meet our Team
  • Our Brands
  • News
  • Gallery

Timezone Group moves to full ownership of the Timezone business in New Zealand

Timezone Group has completed the acquisition of the remaining majority stake in the Timezone business in New Zealand (operated by Coin Cascade Limited) from Gary Walker, Stuart and Mark Jones with effect from 1 January 2018. Gary Walker and the existing management team will remain in place to continue to operate and grow the business.

Scott Blume, Managing Director of Timezone Group commented, “Gary and his team have built an outstanding business and we are very excited to move from a minority equity position to 100% ownership and at the same time continue to work with the existing management team. This transaction builds upon other recent strategic announcements including our acquisition of the Ardent Leisure business. We believe that there are significant opportunities for growth in the NZ market and this transaction will ensure that the NZ business has the capital to take advantage of these opportunities. We will also continue to look for other bolt on acquisitions in APAC that complement our growth and capital return strategies.”

Gary Walker, the founder of Timezone New Zealand commented, “our sale of the majority equity position in Timezone New Zealand is a natural progression for both myself, Stuart and Mark Jones as we exit ownership of the business after an eventful 35 years. We know and respect the Timezone Group leadership team and there is also a close cultural fit between both organisations. The New Zealand Team is looking forward to the next chapter in our history as we take advantage of the increasing number of opportunities to grow our existing business and rapidly expand the number of new stores.”

« TEEG Purchases Ardent’s Bowling and Entertainment division
TEEG moves to own 100% of the business in India »

FIND STORIES

By Category
  • New Venues
  • Articles: 2025
  • Articles: 2024
  • Articles: 2023
  • Articles: 2021
  • Articles: 2020
  • Articles: 2019
  • Articles: 2018
  • Articles: 2017
By date
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • September 2022
  • August 2022
  • June 2022
  • February 2022
  • January 2022
  • December 2021
  • October 2021
  • September 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • June 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • November 2018
  • September 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
The Entertainment and Education Group
491B River Valley Road, Unit 10-01/2
Valley Point
Singapore 248373

60 Miller Street Level 8
North Sydney
NSW 2060

Email: [email protected]

LATEST NEWS

  • Uniting Communities Through Play at Timezone Mar 16, 2025
  • Timezone Expands Fun Horizons with New Grand Wisata Bekasi Venue Feb 22, 2025

Sitemap

  • Our Story
  • Meet our Team
  • Our Brands
  • News
  • Privacy Policy
  • Whistleblower Policy
  • Contact Us
© 2024 Teeg.com. All rights reserved.
Bitnami