EXHIBIT 99.1

(DAVE & BUSTER'S LOGO)


                                  NEWS RELEASE



                                                           FOR IMMEDIATE RELEASE
                                                   FOR MORE INFORMATION CONTACT:
                                                  GERALYN DEBUSK OR JEFF ELLIOTT
                                                  HALLIBURTON INVESTOR RELATIONS
                                                                    972-458-8000

           DAVE & BUSTER'S ANNOUNCES $30 MILLION PRIVATE PLACEMENT OF
                   CONVERTIBLE SUBORDINATED NOTES AND WARRANTS

DALLAS, August 6, 2003 -- Dave & Buster's, Inc. (NYSE: DAB) today announced that
it has entered into definitive agreements for the private placement of $30
million of 5.0% convertible subordinated notes due 2008 and warrants to purchase
522,446 shares of its common stock at $13.46 per share. The sale of the notes
and warrants is expected to close on August 7, 2003 subject to customary closing
conditions.

Upon issuance, the investors may convert the notes into the Company's common
stock at any time prior to the scheduled maturity date of August 7, 2008. The
conversion price is $12.92 per share, which represents a 20% premium over the
closing price of the Company's common stock on August 5, 2003. If fully
converted, the notes will convert into 2,321,981 shares of the Company's common
stock. After August 7, 2006, the Company has the right to redeem the notes. The
Company may also force the exercise of the warrants if the common stock trades
above a specified target price during a specified period at any time after
August 7, 2006.

Dave & Buster's expects to use the proceeds from the offering to reduce its bank
debt, for working capital purposes and for other capital expenditures, including
the proposed purchase of the business of the Dave & Buster's complex in Toronto,
Canada from its Canadian licensee.

The Securities are being sold to accredited investors in reliance on Regulation
D under the Securities Act of 1933, as amended. U.S. Bancorp Piper Jaffray and
Fleet Securities served as the placement agents.

This announcement is neither an offer to sell nor a solicitation of an offer to
buy any of these securities. The securities have not been registered under the
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an application exemption from registration
requirements.

About Dave & Buster's
Founded in 1982, Dave & Buster's is one of the country's leading upscale,
restaurant/entertainment concepts, with 32 Dave & Buster's locations throughout
the United States. Additionally, Dave & Buster's has international development
and license agreements for the Pacific Rim, Canada, the Middle East and Mexico.
Further information, including the current investor presentation, can be found
on the Company's Web site, www.daveandbusters.com.

                                     -more-







DAVE & BUSTER'S PRICES $30 MILLION OF CONVERTIBLE SUBORDINATED NOTES
August 6, 2003
Page 2



Forward-Looking Statements

Certain information contained in this press release includes forward-looking
statements. Forward-looking statements include statements regarding our
expectations, beliefs, intentions, plans, projections, objectives, goals,
strategies, future events or performance and underlying assumptions and other
statements which are other than statements of historical facts. These statements
may be identified, without limitations, by the use of forward looking
terminology such as "may," "will," "anticipates," "expects," "projects,"
"believes," "intends," "should," or comparable terms or the negative thereof.
All forward-looking statements included in this press release are based on
information available to us on the date hereof. Such statements speak only as of
the date hereof. These statements involve risks and uncertainties that could
cause actual results to differ materially from those described in the
statements. These risks and uncertainties include, but are not limited to, the
following: our ability to open new high-volume restaurant/entertainment
complexes; our ability to raise and access sufficient capital in the future;
changes in consumer preferences, general economic conditions or consumer
discretionary spending; the outbreak or continuation of war or other hostilities
involving the United States; potential fluctuation in our quarterly operating
result due to seasonality and other factors; the continued service of key
management personnel; our ability to attract, motivate and retain qualified
personnel; the impact of federal, state or local government regulations relating
to our personnel or the sale of food or alcoholic beverages; the impact of
litigation; the effect of competition in our industry; additional costs
associated with compliance with the Sarbanes-Oxley Act and related regulations
and requirements; and other risk factors described from time to time in our
reports filed with the SEC.


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