EXHIBIT 99.3

                             [DAVE & BUSTER'S LOGO]

                 TENDER OFFER FOR DAVE & BUSTER'S SHARES EXPIRES


DALLAS - JULY 10, 2002 - Dave & Buster's, Inc. (NYSE: DAB), a leading operator
of upscale restaurant/entertainment complexes, announced today that the tender
offer by D&B Acquisition Sub, Inc., a group led by its founders and certain
members of Dave & Buster's senior executive management, together with
Investcorp, a global investment group, and international investors organized by
Investcorp, has expired without sufficient shares being tendered to complete the
transaction. The offer expired at 5:00 P.M., New York City time, on Tuesday,
July 9, 2002.

Approximately 6.2 million shares (approximately 45.8 percent of the outstanding
shares) were tendered but will not be accepted for payment.

The Company is presently evaluating its rights and obligations under the Merger
Agreement with D&B Acquisitions Sub, including possible termination of the
Agreement.

ABOUT DAVE & BUSTER'S, INC.

Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's operates 31
large format, high-volume restaurant/entertainment complexes throughout the
United States. The Company additionally has international licensing agreements
for the Dave & Buster's concept for the Pacific Rim, Canada, the Middle East,
Mexico and Korea. Dave & Buster's had total revenues of $358.0 million for the
fiscal year ended February 3, 2002.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that involve assumptions
regarding the operations and future prospects of Dave & Buster's. Although Dave
& Buster's believes these statements are based on reasonable assumptions, such
statements are subject to risk and uncertainty. Caution should be taken that
these factors could cause the actual results to differ from those stated or
implied in this and other communications. A discussion of risk factors can be
found in the Company's Form-10K and other documents filed with the Securities
and Exchange Commission.

Contact:  DAVE & BUSTER'S
          Investor Relations
          214.904.2288


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