Florida FEC operator GameTime has closed on a multi-million dollar credit facility with Live Oak Bank. The proceeds of this transaction were used to refinance in whole the existing equipment loans and upcoming remodel of GameTime’s flagship location in South Miami, Fla.
“The streamlined process with Live Oak Bank has made it possible to refinance and position GameTime for growth,” said GameTime CEO Michael Abecassis. Founded in 2005 and headquartered in Davie, Fla., GameTime operates two high-volume entertainment venues and four inline, arcade-style amusement centers. To learn more, log on to www.gametimeplayers.com