Bankrupt Chuck E. Cheese moves to destroy 7 billion prize tickets


The Charles Mouse mascot is probably not very happy about this.

Bankrupt Chuck E. Management for cheese hopes to destroy 7 billion prize tickets accumulated in its supply chain during the coronovirus epidemic.

A different name on CHUCK E. CHEESE SELLS PIZZA UNDER GRUBHUB

Parent company CEC Entertainment Inc. filed for Chapter 11 bankruptcy in June, and asked a bankruptcy court in Texas to dismiss the Bloomberg law report Monday for allowing three vendors to spend approximately $ 2.3 million said.

According to The New York Post, this serious stash of vouchers – which cost $ 0.0013 per ticket – is worth about $ 9 million in merchandise at kid-friendly restaurants and arcades, or enough to fill 65 cargo shipping containers.

Chuck E. Cheese is expected to destroy 7 billion prize tickets accumulated in its supply chain during the coronovirus epidemic. (Justin Sullivan / Getty Images)

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Now, the CEC expects tickets to be cut because “prize tickets are redeemed by guests at a significantly higher price than the price of prize tickets”.

Although some chuck e. Cheese locations have closed permanently amidst the ongoing outbreak, with others reopening for business. As the industry moves towards “contactless service”, only a trend intensified by enhanced health and safety protocols due to COVID-19, CEC hopes to replace traditional coupons with electronic tickets and “staged” Also Farewell Who Counts Awards, Post Report.

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A hearing is scheduled for September 21.

CEC Entertainment Inc. was contacted for further comment.

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