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Chuck E. Cheese wants to destroy 7 billion prize tickets worth $9 million in prizes as the company claws its way out of bankruptcy

  • Chuck E. Cheese wants to destroy about 7 billion paper prize tickets worth $9 million in prizes.
  • In a Monday emergency motion, Chuck E. Cheese parent company CEC Entertainment requested permission for its vendors to destroy the tickets, which could fill “approximately 65 40-foot cargo shipping containers.”
  • Destroying the tickets will cost CEC Entertainment about $2.3 million dollars, but will still be $1 million cheaper than circulating them.
  • Chuck E. Cheese is also rolling out e-tickets as part of a pivot towards a more touchless customer experience.
  • Visit Business Insider’s homepage for more stories.

In its efforts to stay afloat, Chuck E. Cheese is ejecting ballast in the form of its iconic paper prize tickets.

CEC Entertainment, the parent company of the iconic children’s dinnertainment chain, wants to spend $2.28 million to shred about 7 billion prize tickets, Bloomberg Law first reported on Tuesday. 

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Destroying the prize tick

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