Current Events > Chuck E. Cheese approaches bankruptcy, could have to close all stores

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Scorsese2002
06/11/20 12:58:58 PM
#1:


https://people.com/food/chuck-e-cheese-approaches-bankruptcy-possibly-close-all-stores/

After months of keeping their doors shut amid the coronavirus pandemic, popular kid's restaurant Chuck E. Cheese may not ever reopen.

The brand behind the food-and-games establishment, CEC Entertainment, is nearly $1 billion in debt and is trying to approach lenders for a $200 million loan to keep the business afloat, according to the Wall Steet Journal.

On Friday, the brand announced it would be offering its top executives retention bonuses with the hopes that they would stay on in trying times.

CEC said it would pay nearly $3 million total to three executives, including $1.3 million to CEO David McKillips, the Securities and Exchange Commission filing showed.

The Texas-based restaurant currently operates 610 locations in 47 states but had to close its stores when the pandemic struck, making it extremely difficult for the company to raise capital.

In April, the brand said they were considering refinancing, bankruptcy and restructuring after the pandemic began to cause strain on the restaurant industry, the WSJ reported.

According to The Takeout, some 17,000 workers were laid off in March.

In an attempt to make money during the pandemic, the store masqueraded as Pasqually's Pizza and Wings on delivery apps, a reference to one of Chuck E. Cheese's bandmates.

Employees who were kept on board helped to operate Pasqually's as a takeout brand.

But Chuck E. Cheese is not the only restaurant chain to struggle amid the global health crisis.

Some outposts of IHOP, Dennys, Ruby Tuesday, TGI Fridays and more have permanently shuttered due to hardships brought on by the pandemic.

CFRA Holdings, a franchisee operating 49 IHOP locations, filed for bankruptcy in early May and cited the coronavirus as the primary reason, according to FSR Magazine.

Aziz Hashim, the founder and managing partner of Ruby Tuesday owner NRD Capital, told Restaurant Business the pandemic will likely spur the closure of many more restaurants.

A Dennys franchisee, Feast American Diners, closed 15 locations of the popular breakfast chain while locations of the Indianapolis-based chain Steak n Shake and of TGI Fridays have also closed down permanently due in part to the pandemic.

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Odoylerules
06/11/20 12:59:47 PM
#2:


Oh noes!
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Zikten
06/11/20 1:00:34 PM
#3:


I only just very recently learned that Chuckee Cheese's origins are heavily tied with that of Atari. it was like an Atari person I think that founded Chuckee Cheese and the only reason they serve pizza was to trick parents who otherwise might not like video games, into bringing their kids to the arcades
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Houston
06/11/20 1:01:34 PM
#4:


Is their Pizza any good? I can't remember. I've been thinking about placing a to go order

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Zikten
06/11/20 1:02:41 PM
#5:


Houston posted...
Is their Pizza any good? I can't remember. I've been thinking about placing a to go order

no. it's horrible pizza. even as a kid, I thought it sucked. I never went there for the food
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MC_BatCommander
06/11/20 1:03:18 PM
#6:


Zikten posted...
no. it's horrible pizza. even as a kid, I thought it sucked. I never went there for the food

Yup even by my low standards it's bad pizza.

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FortuneCookie
06/11/20 1:03:32 PM
#7:


That makes me sad. I haven't been there in a decade, but I loved their bread sticks. They had the best ranch dressing of any place. Plus, I had fond childhood memories and you-should-be-too-old- for-this-but-it's-okay-because- you-have-family-member's-kids-with-you memories.

If they still have that Jurassic Park jeep ride, the one made by SEGA, I'd gladly buy it off of them for a reasonable price.

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Mezcla
06/11/20 1:03:52 PM
#8:


it sucks but i mean.

arcades? in 2020? that are catered only toward small children?

unless they shift into more of a dave and busters, family fun for all thing, yeah they ain't gonna make it.


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Houston
06/11/20 1:05:37 PM
#9:


Zikten posted...
no. it's horrible pizza. even as a kid, I thought it sucked. I never went there for the food

MC_BatCommander posted...
Yup even by my low standards it's bad pizza.

Thank you

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Alteres
06/11/20 1:08:46 PM
#10:


I actually like IHOP and TGIF, so that's kinda sad.

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Tired-Insomniac
06/11/20 1:08:51 PM
#11:


But where will the trashy people I went to high school with take their kids to run around while they get wasted and eat terrible pizza?

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Jabodie
06/11/20 1:09:17 PM
#12:


Fuck 'em. Those tickets are a damn scam.

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Jagr_68
06/11/20 1:12:40 PM
#13:


Chuck E Cheese was only evergood for the X-Men and Simpsons arcade games anyway.

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NeoShadowhen
06/11/20 1:25:14 PM
#14:


I was predicting back in February that a pandemic would hit indoor child recreation companies really hard. Its not surprising that Chuck would get hit the hardest. I havent really enjoyed going there recently because it tends to attract some pretty sketchy people. The one nearest to where I live had an incident a few years back where some piece of shit accidentally shot himself with an illegally modified weapon that fell out of a diaper bag. Luckily it was in the parking lot, but I wasnt really interested in my kids going there ever again.
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Zikten
06/11/20 1:27:26 PM
#15:


Jagr_68 posted...
Chuck E Cheese was only evergood for the X-Men and Simpsons arcade games anyway.

They were probably best in the very beginning when they started in the early 80s or late 70s

I was too young or not even born to see those times but I think they started out during the "golden age of arcade gaming" when you had classics like pac man, space invaders and donkey kong. It was probably really fun to go to chuckee cheese during that era
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Frisk
06/11/20 1:28:51 PM
#16:


Buffets like Golden Coral will probably go bankrupt pretty soon.

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MacadamianNut3
06/11/20 1:29:42 PM
#17:


Good

Take that nasty ass tomato sauce on cardboard pizza with you

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Returning_CEmen
06/11/20 1:31:00 PM
#18:


FortuneCookie posted...
That makes me sad. I haven't been there in a decade, but I loved their bread sticks. They had the best ranch dressing of any place. Plus, I had fond childhood memories and you-should-be-too-old- for-this-but-it's-okay-because- you-have-family-member's-kids-with-you memories.

If they still have that Jurassic Park jeep ride, the one made by SEGA, I'd gladly buy it off of them for a reasonable price.

I hope you have a spare room to dedicate to that game haha

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Butterfiles
06/11/20 1:42:57 PM
#19:


RIP Charles Entertainment Cheese

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FortuneCookie
06/11/20 1:47:46 PM
#20:


Returning_CEmen posted...
I hope you have a spare room to dedicate to that game haha

I'll make room. >:|
And when guests come over, I'll say, "We have a T.rex."

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philsov
06/11/20 1:48:56 PM
#21:


Jagr_68 posted...
Chuck E Cheese was only evergood for the X-Men and Simpsons arcade games anyway.


Lies! I lived for the animatronic band and anything that gave me tickets (skeeball, water pistol whack a mole, etc)

(Though my fond memories are technically Showbiz pizza)
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AzurexNightmare
06/11/20 1:49:18 PM
#22:


Zikten posted...
no. it's horrible pizza. even as a kid, I thought it sucked. I never went there for the food

I have a friend who hates it too (i cant remember what its like, been too long) and he said that he pictures the rat making the cheese with his own body in the kitchen by squeezing it out of his ass lmao

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onedarksoul
06/11/20 1:49:20 PM
#23:


Thanks china!

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HylianFox
06/11/20 1:50:01 PM
#24:


maybe a restaurant shouldn't have had a RAT as their mascot

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BlazinBlue88
06/11/20 1:50:29 PM
#25:


FortuneCookie posted...
If they still have that Jurassic Park jeep ride, the one made by SEGA, I'd gladly buy it off of them for a reasonable price.
That was a great game. Sega always made quality arcade games.

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Jagr_68
06/11/20 2:47:07 PM
#26:


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apocalyptic_4
06/11/20 2:52:02 PM
#27:


I went there for my nephews bday 2 years ago it was fun, it's sad that this may be the end of it but it truly did feel like a relic of the 90's

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DevilZhouYu
06/11/20 2:56:05 PM
#28:


Mentions of the Simpsons' and X-men Arcade machines, but no mention of CAPTAIN BUCKY O'HARE????

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HylianFox
06/11/20 2:56:39 PM
#29:


apocalyptic_4 posted...
I went there for my nephews bday 2 years ago it was fun, it's sad that this may be the end of it but it truly did feel like a relic of the 90's

speaking of relics of the 90s, anybody remember Discovery Zone?

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Balrog0
06/11/20 2:57:52 PM
#30:


Buying up arcade games when they go under is a great idea

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MadDewg
06/11/20 3:13:00 PM
#31:


They should open a fight club, because I swear that everytime I go by my local chuck e. cheese there is two huge families fighting outside in the parking lot, lmao.

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NES4EVER
06/11/20 3:14:39 PM
#32:


Thank fucking God.

Now when my kid whines about wanting to go there I can just tell him they closed forever. There are cheaper local alternatives with better arcade games and food anyway.

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Odoylerules
06/11/20 3:15:54 PM
#33:


no more shit pizza, oh noes!
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Houston
06/11/20 6:17:13 PM
#34:


HylianFox posted...
speaking of relics of the 90s, anybody remember Discovery Zone?


Yup!

https://www.youtube.com/watch?v=33QpqR-fN0c

@HylianFox

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Jordan_Love
06/11/20 6:18:21 PM
#35:


A girl I dated in college left me for a guy who worked at Chuck E. Cheese.

Fuck that place
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MC_BatCommander
06/12/20 1:42:15 AM
#36:


HylianFox posted...
speaking of relics of the 90s, anybody remember Discovery Zone?

Hell yeah

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Irony
06/12/20 1:44:21 AM
#37:


Muh childhood

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OwlRammer
06/12/20 1:44:31 AM
#38:


but if they close where else am I gonna play pump it up for 25 cents a play? :(

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DemonBuffet
06/12/20 1:45:12 AM
#39:


My local chuck e cheese is trying to sell shitty pizza and shitty wings for $5 lol

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kuwab0
06/12/20 1:46:30 AM
#40:


Balrog0 posted...
Buying up arcade games when they go under is a great idea
Do they still have good arcade cabinets or is it Dave and Busters crap?

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DemonBuffet
06/12/20 1:48:45 AM
#41:


kuwab0 posted...
Do they still have good arcade cabinets or is it Dave and Busters crap?

They have like the most non-violent video games ever there. I was there earlier this year for a nephews bday. It was lame.

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ReDaZnDraGoN97
06/12/20 1:51:54 AM
#42:


Good for them. Karma for fucking up my sons 1st birthday. Shit was a disaster with how rude the staff were there.

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Questionmarktarius
06/12/20 9:43:40 AM
#43:


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divot1338
06/12/20 9:44:30 AM
#44:


The original Pizza Rat.

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VVALLBOUNCE
06/12/20 9:52:08 AM
#45:


When the governments lockdown buttfucks hundreds upon hundreds of businesses with no consent and no aid offered, are we just gonna keep popping in to shit on the companys products instead of talking about the sad truth here?

People, man.
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Questionmarktarius
06/12/20 10:02:45 AM
#46:


VVALLBOUNCE posted...
When the governments lockdown buttfucks hundreds upon hundreds of businesses with no consent and no aid offered, are we just gonna keep popping in to shit on the companys products instead of talking about the sad truth here?
Chuck E. tried, then everyone quickly figured out it was Chuck E Cheese.
https://www.usatoday.com/story/money/food/2020/05/18/chuck-e-cheese-operates-pasquallys-pizza-wings-delivery-apps/5215475002/
The actual product CEC sells is tokens for videogames and skeeball machines. The pizza is more or less a side-gig. The business was in decline anyway, as kids would rather stare at a tablet all day than interact with other actual children or a random employee in a fursuit.
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KaZooo
06/12/20 10:13:00 AM
#47:


I passed through for take out in April out of boredom. Had to pick up inside, and like damn. They took away the play structure and it's just another mall arcade thing.

They didn't even have Jurassic Park. Toys were meh. Stage was gone and replaced by who knows what. It was just a washed up establishment.

Pizza was alright tbh. People can make their jokes about how dated this concept is, but once upon a time, even if you just want to say for a minute, this was a staple of childhood in the 80's 90's. It was cool as a kid. Something to do. Literally video games and pizza.

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Scorsese2002
06/12/20 12:05:28 PM
#48:


Houston posted...


Yup!

https://www.youtube.com/watch?v=33QpqR-fN0c

@HylianFox


I remember some lyrics being "You can jump swing, crawl and mountain climb"......or was that for something else?
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HylianFox
06/12/20 12:09:22 PM
#49:


Questionmarktarius posted...
The business was in decline anyway, as kids would rather stare at a tablet all day than interact with other actual children or a random employee in a fursuit.

which is odd since furrydom is on the rise
>_>

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Questionmarktarius
06/12/20 12:10:55 PM
#50:


HylianFox posted...
which is odd since furrydom is on the rise
>_>
Maybe that'll be CEC's new business model?
Leave the kids at home, and have yiff-themed adult birthday parties there.
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