Advertisement |
Chuck E. Cheese is asking the court's permission to spend $2.3 million to purchase and destroy the 7 billion tickets, which are worth about $9 million in prizes.
Officials said the game machines were being converted to an eTicket model even before the COVID-19 pandemic in a bid to reduce wait times. The conversion efforts were accelerated amid the outbreak in an attempt to increase no-contact service.
The company's court filing said the $2.3 million to buy and destroy the tickets is "a cost which is far lower than the cost to the [company] should these prize tickets be circulated to the general public and presented ... for redemption."
Bankruptcy Court Judge Marvin Isgur has scheduled a virtual hearing for Sept. 21 to discuss the prize ticket purchase and other issues.