Exhibit (a)(3)


     DAVE & BUSTER'S  MERGER  AGREEMENT  TERMINATED  DUE TO DIFFICULT  FINANCIAL
MARKETS

     Friday October 25, 12:54 am ET

     DALLAS--(BUSINESS  WIRE)--Oct. 24, 2002--Dave & Buster's, Inc. (NYSE: DAB -
News) today  announced that  Investcorp and its  affiliates  requested,  and the
Special Committee of Dave & Buster's Board of Directors  subsequently agreed, to
terminate the pending  merger due to continuing  adverse  conditions in the debt
financing market. By the terms of the merger agreement,  the consummation of the
merger  was  subject  to  specific  financing  conditions.  The  Company  is not
obligated to pay a "break-up" fee as a result of terminating the agreement.

     The Company stated that the Special Committee of the Board,  which has been
responsible for evaluating strategic business and acquisition proposals, remains
in place.

     About Dave & Buster's, Inc.

     Founded  in 1982  and  headquartered  in  Dallas,  Texas,  Dave &  Buster's
operates  32  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.  The Company had total  revenues of
$358.0 million for the fiscal year ended February 3, 2002.

     Contact:
     Dave & Buster's, Inc., Dallas
     Investor Relations, 214/904-2288