Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Chuck E. Sirene wants to destroy 7 billion prize tickets

Chuck E. Sirene wants to destroy 7 billion prize tickets

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

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

But soon enough, these tickets could be destroyed without ever falling into the impatient, pizza-stained hands of the restaurant’s young customers.

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

Even before the pandemic, the chain switched to eTickets, which reduce latency in chains 61

2 seats and reduce the total cost of tickets.

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

Chuck E. Sire's parent company filed for bankruptcy

Under bankruptcy law, a company must seek permission from the court to spend money on anything. Chuck E. Cheese’s lawyers say it’s better to pay to destroy tickets that have already been made than to risk them falling into the hands of the general public.

In a statement, the company said the $ 2.3 million it offered to spend on tickets was “costs that are far lower than the cost of [company] should these prize tickets be distributed to the general public and presented … for redemption. “

Bankruptcy judge Marvin Isgur has not yet ruled on the request. But he has scheduled a virtual hearing for next week to address it, along with other more pedestrian issues.

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