Electric Playhouse NV LLC, an interactive entertainment company, has recently entered Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Nevada. The filing suggests that the company possesses assets and liabilities ranging from $1 million to $10 million.
A closer look at the court filings reveals that Electric Playhouse faces substantial claims totaling over $4.4 million from its 20 largest unsecured creditors. However, the bankruptcy clerk has indicated that the initial petition is incomplete, citing missing financial statements, creditor lists, and necessary disclosures that must be addressed to move forward effectively.
Despite the bankruptcy filing, Electric Playhouse has maintained its operational status. As of Tuesday morning, the venue remains open to the public, and employees have reported no immediate changes to their working hours, allowing visitors to continue enjoying its unique entertainment offerings.
Founded in 2021 in Albuquerque, Electric Playhouse initially made its mark with its first location in New Mexico before expanding to a second venue in Las Vegas, which opened in June 2024. This new location, situated on the Terrace Level of The Forum Shops at Caesars Palace, encompasses approximately 10,000 square feet.
The company is known for its innovative entertainment features that include motion-activated games, 360-degree projection mapping, and interactive digital environments. These attractions allow visitors to actively engage in their experiences through physical movements, eliminating the need for headsets or handheld devices.
It is essential to note that Electric Playhouse operates independently and has no affiliations with Caesars Entertainment, Vici Properties, or Simon Property Group, the latter managing The Forum Shops at Caesars Palace. This independence underscores the company’s unique position within the interactive entertainment landscape.
As Electric Playhouse navigates its financial challenges, the company’s continued operation signifies hope for a recovery, allowing it to explore options for restructuring and potential growth in the future.