What They Say
Sandbox VR, the location-based VR company has now emerged from Chapter 11 (What Bob Saw on the Net 17 08 2020). The firm is confident that as the US returns to something like normal, it will be able to re-build its business. Sandbox had laid off 80% of its staff and closed its seven locations. The firm has re-opened its locations in Austin, Texas and Chicago and says that demand is 30% higher demand than before.
The firm plans to open a space in a former Void location in the Grand Canal Shoppes inside The Venetian hotel, Las Vegas. (Disney VR Arcade on the Brink)
What We Think
I guess this would count as one of the first signs of a ‘return to normal’. Although it might be thought that consumers might be reluctant to use this kind of facility, I would assume that the demographic is youngsters and they are likely to be less concerned about potential virus risks.
Separately, the Immotion Group in the UK, which is also in the LBE VR business (it runs the Undersea Explorer VR theater experience at the Mandalay Bay resort and casino in Las Vegas among others) said that it had raised $413K to further its development. (BR)
