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The Electric Playhouse, a Las Vegas virtual arcade, filed for bankruptcy a year after opening due to unpaid debts and looming eviction.
The Electric Playhouse, a high-tech virtual arcade on the Las Vegas Strip inside Caesars Palace, filed for bankruptcy just one year after opening, citing unpaid debts and a pending eviction.
The 10,000-square-foot venue, which used motion-tracking technology for immersive gameplay, faced millions in unpaid claims despite having $1 million to $10 million in assets.
The company requested an expedited court hearing to ensure employees received final paychecks by Friday.
The closure coincided with a broader summer downturn in Las Vegas tourism, including a reported 10% to 11% drop in visitor numbers and declining hotel occupancy, though no specific cause for the arcade’s failure was detailed in court documents.
El Electric Playhouse, un arcade virtual de Las Vegas, se declaró en bancarrota un año después de abrir debido a deudas impagadas y al desalojo inminente.