Chuck E. Cheese’s Files For Bankruptcy

After rumors floated around for weeks, the parent company of Chuck E. Cheese’s has filed for Chapter 11 bankruptcy protection.

CEC Entertainment blames the COVID-19 pandemic for the extended closure of its restaurants and entertainment areas.

By filing for bankruptcy, CEC hopes the company can successfully find a financial plan that “supports its re-opening and longer-term strategic plans.”

About half of Chuck E. Cheese’s 555 locations have reopened across the country as restrictions on in-restaurant dining have lifted in many states.

Chuck E. Cheese parent CEC Entertainment filed for Chapter 11 bankruptcy, making it the latest casualty of the COVID-19 pandemic that has crushed entertainment and leisure industries globally https://t.co/VxFGHtvYz2

— Reuters Business (@ReutersBiz) June 25, 2020