The vibrant world of interactive gaming and dining at Caesars Palace has hit a financial wall. Electric Playhouse, the Las Vegas-based tech-infused entertainment venue known for blending digital games with fine dining, filed for Chapter 11 bankruptcy protection on Monday, seeking refuge from a storm of eviction proceedings and millions in unpaid construction debts.
The bankruptcy petition, filed by CEO Brandon Garrett, lists between $1 million and $10 million in both assets and liabilities, according to documents submitted in the U.S. Bankruptcy Court for the District of Nevada.
At the center of the financial collapse is a dispute involving millions owed to general contractor Shawmut Design and Construction and several subcontractors who helped bring the high-tech venue to life. Electric Playhouse’s landlord has also launched eviction proceedings, adding yet another layer to the venue’s mounting troubles.
“The debtor is facing significant financial pressure from multiple sides, including eviction and contractor claims related to the construction of its leased space,” Garrett stated in his first-day declaration.
