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Chuck E. Cheese's

Operations

Chuck E. Cheese's new bankruptcy woe: What to do with 7 billion paper prize tickets

The food-and-games chain’s parent, CEC Entertainment, has asked a bankruptcy court to approve the $2.3 million price tag to destroy tickets that have gone unused due to the pandemic.

Financing

Chuck E. Cheese’s owner gets a $200M lifeline

Owner CEC Entertainment received the OK to get financing that will carry it through the bankruptcy process.

The delivery-only brand is now available via DoorDash and has new menu items to appeal to “more mature taste preferences,” the chain said.

CEC Entertainment said it filed for bankruptcy protection to stop those actions. RB’s The Bottom Line explains why this might be a sign of things to come.

The fun-and-food chain offered plenty of action off-stage in its 43-year history.

CEC Entertainment, which also owns Peter Piper Pizza, is the latest casualty of the coronavirus pandemic.

Investors are apparently willing to bet on the chain’s comeback, even if it does file for bankruptcy, says RB’s The Bottom Line.

The eatertainment chain, hit hard by the coronavirus crisis, is talking to lenders about raising money to stave off a bankruptcy filing, according to a media report.

Chuck E. Cheese’s delivery-only offshoot made waves on social media, but it’s far from the first chain to go undercover on third-party apps.

Temperature checks, prepackaged salads, fewer games and no strolling mascots are among some of the changes planned by the struggling eatertainment chain.

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