Immersive Arcade Inside Caesars Files Bankruptcy With $4.4M in Debt

The Electric Playhouse, an immersive arcade-style attraction located inside Caesars Palace on the Las Vegas Strip, has filed for bankruptcy after operating for roughly one year. Court filings show the company owes more than $4.4 million combined in back rent, contractor fees and other liabilities.

More than half of the reported debt — about $2.5 million — is owed to a construction firm that worked on the venue’s build-out. Caesars is listed as being owed roughly $1.7 million in unpaid lease obligations. The filing arrives as visitor traffic to Las Vegas has shown softening in recent months, which analysts say has placed additional pressure on non-gaming attractions that rely heavily on walk-in tourism.

The bankruptcy will allow the company to either reorganize or pursue a sale while its creditors review repayment options. The filing raises questions about the long-term sustainability of entertainment-heavy developments on the Strip, especially those with high overhead and limited operating history in a cooling tourism cycle.

Source: The Sun (report of court filing)