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Chuck E. Cheese wants to destroy 7 billion prize tickets

Chuck E. Cheese has asked a bankruptcy court judge for permission to buy and destroy 7 billion prize tickets.
Chuck E. Cheese has asked a bankruptcy court judge for permission to buy and destroy 7 billion prize tickets.(Source: CNN)
Published: Sep. 17, 2020 at 11:27 AM EDT
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(CNN) – Chuck E. Cheese is trying to destroy 7 billion prize tickets it no longer wants or needs.

Suppliers were left with the mountain of tickets when the restaurant chain rapidly shifted to e-tickets during the pandemic.

Because Chuck E. Cheese’s parent company filed for bankruptcy in June, it must get permission from the court to spend more than $2 million to buy and destroy the tickets.

Lawyers for the company say paying that amount is cheaper than if the tickets were dispersed to the public, since they’re worth about $9 million in prizes.

The judge is expected to rule on the motion next week.

Copyright 2020 CNN Newsource. All rights reserved.

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