| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
16,400 |
| Revenues (TTM) (Millions $) |
913 |
| Net Income (TTM) (Millions $) |
-29 |
| Cash Flow (TTM) (Millions $) |
-29 |
| Capital Exp. (TTM) (Millions $) |
88 |
Business Description
Cec Entertainment Inc is a United States-based company that specializes in the operation of family entertainment restaurants. The company is headquartered in Irving, Texas, and was founded in 197 Cec Entertainment Inc is known for its flagship brand, Chuck E. Cheese, which is a family-friendly restaurant chain with arcade games, amusement rides, and animatronic characters that perform for children.
The company was started by Atari co-founder Nolan Bushnell, who saw an opportunity to combine video games and pizza for a unique family entertainment experience. Chuck E. Cheese opened its first location in San Jose, California, and quickly became a popular destination for families.
Today, Cec Entertainment Inc operates over 600 locations worldwide, including locations in the United States, Canada, Mexico, and several other countries. The company has a workforce of over 17,000 employees and generates annual revenue of over $1 billion.
Cec Entertainment Inc's core business is the operation of Chuck E. Cheese restaurants, which are designed to cater to families with children. The restaurants offer a range of foods, including pizza, salads, desserts, and drinks. In addition to food, the restaurants feature arcade games, rides, and other entertainment options for children of all ages.
The company is also known for its commitment to safety and security. All Chuck E. Cheese locations employ a team of trained security officers and use advanced security systems to ensure the safety of guests and staff. The restaurants are also sanitized regularly to maintain a clean and hygienic environment.
Over the years, Cec Entertainment Inc has faced challenges and changes. In 2019, the company announced that it would be phasing out animatronic characters from its restaurants, as it sought to modernize its entertainment offerings. The company has also faced financial struggles, with declining revenue forcing it to consider bankruptcy in early 2020 before being rescued by private equity firm Apollo Global Management.
Despite these challenges, Cec Entertainment Inc remains a major player in the family entertainment industry, and its Chuck E. Cheese brand continues to be a beloved destination for families across the world.
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