The pizza chain where a kid can be a kid is now looking to destroy 7 billion of its famous prize tickets after filing for bankruptcy this past summer due to the steep drop in business during the COVID-19 pandemic.
According to the New York Post, Chuck E. Cheese parent-company CEC Entertainment said in a court filing on Monday that the heavy supply of prize tickets are no longer needed. The tickets are valued at $9 million—$0.0013 per ticket.
The industry’s “rapid move toward contactless service” amid the COVID-19 pandemic accelerated CEC’s efforts to phase out the paper tickets, along with the “muncher” machines that count them, in favor of electronic tickets, the company said.
But CEC had placed orders for tickets based on how many it had needed before the virus hit, causing “enough tickets to fill approximately 65 40-foot cargo shipping containers” to build up in the supply chain, according to the filing.
CEC asked a