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Chuck E Cheese might be closing... what will that mean for the arcade market?


RH

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Events Team · Posted
6 hours ago, Reed Rothchild said:

I was in one a few years ago with my kids.  The arcade cabs nowadays are probably not the sort of thing you'd want to try and purchase and bring home...

I really want want a modern Space Invaders. 

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But yeah, no way that's going in the home.  Maybe if I had a new game room/basement...

 

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7 minutes ago, CodysGameRoom said:

The Omaha one sucks but there are one or two gems in there that would be cool to own. There is a weird like Dreamcast era Sonic Adventure ticket game that is pretty sweet.

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Dude, that's the biggest shelf candy I've ever seen. 

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Administrator · Posted
14 minutes ago, CodysGameRoom said:

The Omaha one sucks but there are one or two gems in there that would be cool to own. There is a weird like Dreamcast era Sonic Adventure ticket game that is pretty sweet.

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You better get chummy with a manager in there now, before it meets the same fate of the cheater's hand in Casino!

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  • 2 weeks later...
On 6/15/2020 at 3:16 PM, RH said:

Agreed, and I wonder how those are doing.  Looks like D&B recently got a shot-in-the-arm, but who knows if that will have been enough to save them.

https://www.restaurantbusinessonline.com/financing/dave-busters-stays-afloat-100m-jefferies

I work at an arcade bar in Chicago and it's a scary time with the pandemic and all.  Not sure how that's gonna pan out...

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9 hours ago, OptOut said:

I love how this thread is all like: 

"So... Chuck E Cheese is going out of business and closing down... But what's in it for ME?!"

😄

That's not entirely how I see it. I mean, I don't eat the type of food they offer (we're grain, dairy, garlic free due to sensitivities) so I can't even do anything to buy their food to support them. Logic dictates, though, if something bad is going to happen (as in, they are going to close) at least a few of us may be able to snag a few arcade games which we'll appreciate and even be able to say was once in a Chuck-E-Cheese, rather than it go to a scraper/salvager.

I mean, they may scrap all their old games amortized off the accounting books because a lot of companies do that with old useless business inventory but when you go solvent, you have to sell everything to pay back debtors. The chances are they will bulk sell all of this stuff anyway and since no large company has a need for multiple thousands of arcade units, I'm sure it will be scraped. But, if there's a chance this stuff will be auctioned or discount sold to the public, I'd like to be there.

Sure, I'd love to snag a decent arcade unit for $100-200, but I'd also just as much like to try to keep it out of the landfill. 

 

Edited by RH
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What are the chances that the company LEASES it's arcade machines rather than outright buying them? I don't have any idea if this is what they do, but it sounds like the sort of thing a big company would do rather than locking huge amounts of capital into expensive machines that quickly deprecate in value.

I that WERE the case, then obviously the arcade machines would be going back to the leasing company, rather than being sold off.

This is all just speculation tho, I actually have no idea what's gonna happen when they go bust!

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@OptOut Very good question. On the one hand, we have lived in a leasing culture for many years now so I could see arcade distributors providing this type of option, but on the other hand, I can't imagine an arcade business wanting to take that risk. Arcades have been on a continual decline for 20+ years and even though no one imagined COVID-19 happening, it's still a much riskier industry than leasing cars or even auto furniture.

So, I don't know. Maybe you're right and maybe you're not. We only have one CEC closing in NC, so it looks like if they do auction stuff off, it's likely to not be near me. Regardless, I do hope they can stay in business after this.

 

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This really does nothing to the arcade market as most of the games at CEC’s nowdays are not very sought after. Plus if I remember right,their company policy was to destroy machines they were getting rid of instead of selling them off or giving them away.

Currently, if you want to capture any semblance of that old school arcade feel,barcades are where it’s at. 

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1 hour ago, 8bitsupremacy said:

Sorry that was a knee jerk reaction...I was always so severely disappointed going there.  Couldn't even properly play NARC the first time I went because the joystick was so dysfunctional.  I went from being elated to deflated within seconds. 😞

No worries, it’s just where I lived. I went there once because I didn’t care for their selection. I’d rather go to galloping ghost.

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