The mouse mascot Charles is probably not that happy about this.
Leadership of that bankruptcy Chuck E. Cheese hopes to destroy 7 billion prize tickets collected in its supply chain during the coronavirus pandemic.
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The parent company CEC Entertainment Inc. filed for Chapter 1
According to The New York Post, this serious stash of coupons – worth $ 0.0013 per ticket – is about $ 9 million in merchandise at the kid-friendly restaurant and arcade or enough to fill 65 shipping containers.
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Now the CEC hopes to shred the tickets because “prize tickets can be redeemed by guests at a significantly higher value than the price of prize tickets”, per. Court filing.
Although some locations in Chuck E. Cheese are permanently closed amid the ongoing outbreak, others have been reopened for business. As the industry shifts to “contactless service”, a trend accelerated only by improved health and safety protocol due to COVID-19, the CEC hopes to replace the traditional coupons with electronic tickets and also goodbye to the “muncher” machines that count up prizes, reports Posten.
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A hearing is scheduled for September 21.
CEC Entertainment Inc. was contacted for further comments.