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August 9 , 2021 DRIVE SHACK INC . Drive Shack Inc. Announces Second Quarter 2021 Financial Results and Preferred Stock Dividends for Third Quarter 2021 Reported Total Company Revenue of $ 73.9 Million and Operating Income of $ 1.1 Million for the Second Quarter 2021 Delivered Quarterly Operating Income for the First Time in Three Years Delivered Positive Adjusted EBITDA of $ 7.7 Million for the Second Quarter 2021 DALLAS -- ( BUSINESS WIRE ) -- Drive Shack Inc. ( the “ Company ” ) ( NYSE : DS ) , a leading owner and operator of golf - related leisure and entertainment businesses , today reported its financial results for the second quarter and six months ended June 30 , 2021 . " We have had incredible results this quarter including reporting operating income for the first time in three years and our fourth consecutive quarter of positive Adjusted EBITDA , " said Drive Shack Inc.'s Chief Executive Officer and President Hana Khouri . " Both our American Golf and Drive Shack businesses delivered strong financial performances as the momentum in the golf and entertainment sectors continued throughout the second quarter . Walk - in revenue at our Drive Shack venues was at an all - time high and each surpassed their pre pandemic venue contribution levels , including Orlando delivering above break - even for the first time . " Khouri continued , " 2021 is a pivotal year for our company and we remain centered on executing the successful launch and expansion of Puttery . Our team's relentless focus to deliver our first venue , located in The Colony , Texas near Dallas , is unmatched . We have faced numerous learnings and obstacles during construction , which is to be expected with the introduction of a brand - new concept and are now in the final testing and training phases . We look forward to introducing our first Puttery location to the Dallas market in the coming weeks . Development continues with our Charlotte , DC and Miami venues and , earlier this morning , we announced our newest Puttery location in Houston , our fifth market nationwide . Additionally , we look forward to a long - standing partnership with Rory Mcllroy and his team as we further grow our Puttery brand in the coming years . " Business Update Total revenue for the second quarter this year was $ 73.9 million compared to $ 32.1 million in the same period last year . The Company's four entertainment Drive Shack golf venues generated total revenue of $ 11.6 million in the second quarter 2021 , an increase of $ 9.8 million compared to $ 1.8 million in the second quarter 2020. The increase was primarily due to COVID - 19 related venue closures during the majority of the second quarter last year .