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Chuck E. Cheese will ruin 7 billion prize tickets

That’s enough paper to fill 65 shipping containers, each 40 feet long, with small pieces of paper embossed with the image of the chain’s mascot, a rat named Chuck.

And enough to make $ 9 million in Chuck E. Cheese awards.

But quickly enough, these tickets could be ruined without ever getting into the eager, pizza-colored hands of eatery young customers.

The chain, whose parent company filed for bankruptcy earlier this year, this week asked a bankruptcy court for permission to spend more than $ 2 million to buy and destroy the tickets, which were printed before the June bankruptcy but never delivered.

Even before the pandemic, the chain switched to eTickets, reducing waiting times in the chain 61

2 seats and reduces the total cost associated with the tickets.

With the Covid-19 pandemic, the shift was accelerated to provide more contactless service. But the rapid shift left its suppliers stuck with a mountain of 7 billion printed tickets that Chuck E. Cheese no longer wants or needs.

Chuck E. Cheese's parent company filed for bankruptcy

Under the Bankruptcy Act, a company must apply for court permission to spend money on something. Chuck E. Cheese’s lawyers argue that it is better to pay to destroy already produced tickets than to risk them falling into the hands of the public.

In its submission, the company said that the $ 2.3 million it proposes to spend on the tickets is “a price far lower than the price of [company] should these prize tickets be circulated to the public and presented … for redemption. “

Bankruptcy Court Marvin Isgur has not yet ruled on the decision. But he has scheduled a virtual hearing for next week to consider it along with other more pedestrian issues.

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