Are Arcades On The Decline? You can easily find your answer in the recent news about Chuck E. Cheeses‘s decline. Although they might blame it on COVID-19 this industry was already on a decline for nearly five years.
What Is An Arcade?
An arcade game is a coin-operated gaming system usually located in public establishments, such as pubs and amusement arcades. Many of the amusement games are usually board shooters and electro-mechanical sports
Arcades On The Decline: Chuck E. Cheeses
Arcades have slowed down with the console boom. Arcades used to lure users with cool visuals, social gatherings and games they couldn’t play on their own. It is because arcade systems are devoted to one game only, they can function well with the features. But has time progressed the consoles got better and social interactions moved to bedrooms and living rooms. Thus, contributing towards the decline of Arcades such as Chuck E. Cheeses.
In April, Casey Sullivan and Alex Morrell of Business Insider announced that the holding company CEC Entertainment was suffering underneath a large total debt. Lenders hired the turnaround attorneys, according to people who were familiar with the case. The parent company of the dining chain, CEC Entertainment, filed bankruptcy proceedings under Chapter 11 following weeks of uncertainty about the imminent demise of the chain.
Transition is nothing new to Chuck E. Cheese. But never-the- less the future of the company is uncertain.
Besides the effects of COVID-19 many arcades were on the decline since the introductions of personalized consoles. Gaming is a growing business in spite of the arcade industry struggling as a whole. While COVID-19 has halted everything, the struggle to keep the doors of arcades open has never been more dire than ever.
The question of buying your own console or partaking in an arcade game has never been an harder struggle for gamers. Re-live the dream or let the past go?