Home / Apple / Chuck E. Cheese, Down on His Luck, Now Wants to Shred 7 Billion Arcade Tickets – Review Geek

Chuck E. Cheese, Down on His Luck, Now Wants to Shred 7 Billion Arcade Tickets – Review Geek



Chuck E. Cheese tickets
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Chuck E. Cheese, America̵

7;s sixth best remaining video game arcade and 60,000th best pizzeria, is not doing well. Between declining cultural relevance and the COVID-19 pandemic, it is no surprise that the company declared bankruptcy in June. But what are we going to do with billions of unused prize tickets, never to be spit out of a Skee-Ball machine? The answer is apparently “shred them all.”

Representatives of Chuck E. Cheese have asked a bankruptcy court for permission to destroy no less than seven billion prize tickets, the kind that can be redeemed for anything from a fake mustache to a PlayStation on the restaurant’s prize counter. According to CNN Business, the large volume of unused tickets can fill 65 shipping containers.

The company wants to buy the printed tickets and destroy them, at a cost of 2.3 million dollars. The idea is that this will save them the cost of having to redeem the tickets in exchange for prizes, which will be potentially $ 9 million. Chuck E. Cheese tried to move the token and prize system digitally before the pandemic hit.

It’s a tantalizing thought for the inner 10-year-old. Somewhere, presumably locked behind steel-proof doors and laser tripwires, is a dragon garden of billions and billions of paper tickets, enough to buy a mansion made of plush baseball and unmarked frisbees. If you could put together a crew, plan a lift, and find enough kid-sized rappel harnesses, you could make a score for life.

Source: CNN Business




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