Bankrupt Chuck E. Cheese Looks To Destroy 7 Billion Prize Tickets

Bankrupt Chuck E. Cheese Looks To Destroy 7 Billion Prize Tickets


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.

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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

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