ZCG-Backed VENU+ Announces Sale of Mall-Based Children’s Rides and Prize Assets to a Subsidiary of GENDA
ORLANDO, Fla.--(BUSINESS WIRE)--VENU+, the leading global provider of guest mobility, storage, and entertainment solutions for high-traffic retail, leisure, and amusement venues, today announced that it has entered into a definitive agreement to sell its mall-based children’s rides and prize assets to National Entertainment Network, LLC ("NEN"), a Colorado-based subsidiary of GENDA.
The transaction includes over 3,000 children’s rides and prize assets across hundreds of malls throughout the U.S. The sale is expected to close early in the third quarter of 2025. Current mall customers of VENU+ can expect a seamless transition, with no disruption of service. The rest of the VENU+ platform remains unaffected by the transaction.
The divestiture supports VENU+’s strategic focus on delivering its best-in-class, tech-enabled experiences across its core offerings, including guest mobility, smart lockers, souvenir coins, photo capture, and turnkey game rooms for high traffic venues such as theme parks, resorts, and other amusement destinations where its solutions can deliver maximum value.
