Posted on 10/21/2025 6:10:01 PM PDT by E. Pluribus Unum
LAS VEGAS (AP) — A massive virtual arcade located on the Las Vegas Strip filed for bankruptcy after just one year of operation, facing a pending eviction and millions in unpaid claims, court documents show.
The Electric Playhouse in Las Vegas, a high-tech gaming and dining center inside a mall at the world renowned Caesars Palace resort, submitted the filings in federal court on Monday. The filing requested that the motions for bankruptcy be heard on an accelerated timeline so that current employees can be paid on Friday.
The sprawling 10,000-square-foot Las Vegas gaming venue is equipped with a network of sensors that track the movements of guests to create a digital avatar, “similar to a player inside a video game,” the website said. Guests use their bodies to play games instead of controllers or consoles, with the walls and furniture of the kaleidoscopic, windowless rooms responding to body movements to create interactive games.
The company has between $1 million and $10 million in assets, and will not be able to pay unsecured creditors after administrative fees associated with the bankruptcy are paid, according to court filings.
The venue opened in Las Vegas, a city known for pricey shows and around-the-clock gambling, just three years after the first location opened in Albuquerque, New Mexico, in 2021.
The court filings didn’t list a reason for the company’s financial turmoil and an attorney for the company couldn’t be reached for comment.
Tourism in Las Vegas was markedly down this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad. There was an 11% drop in June 2025 compared to the same month the year prior, when the new Electric Playhouse opened. In that time, hotel occupancy has also fallen by about 15%, according to data from...
(Excerpt) Read more at apnews.com ...
The guy who buys the equipment at a good discount might still make some money?
Vegas seems to be slowly dying, Idk what happened to Vegas, but whatever it is, I hope it stays in Vegas.
Over built expensive hotels and casinos right when casinos are opening just about everywhere. Everything I need to know about Las Vegas I learned when I heard they started having triple zero roulette. Take the game with some of the worst odds (most money for the casino) and make it 50% worse.
The Mafia knew that the cheap rooms and buffets and free drink loss-leaders would loosen up the marks and they could clean up on the gambling floor.
The bean-counters running Vegas now think they're running a McDonald's.
I happen to be in Las Vegas right now on business. We are the Fontainbleu hotel. One of the most luxurious hotels I have ever been in.
We ordered a pot of coffee this morning. Regular coffee, a simple pot that fills 4 cups.
The price was $56. Before a tip. $56. No wonder this place is dying. We can’t wait to get back home to Texas. Wahoo’s was good though. Fish Tacos , same chain from Southern Ca.
I was put off when I saw black jack was a 3/2 payout instead of 2x as it used to be.
Indian casinos are taking a big chunk of their business. There are half a dozen near me San Diego). Nice rooms, golf courses, big pools with "lazy rivers", lots of 70's, 80's and 90's bands playing for entertainment, variety of dining and bars. They ain't Vegas, but they ain't the Indian Casinos of 20 or 30 years ago. And they're not a 5 or 6 hour drive.
Yeah, obese people want no part of that.
The Golden Age of Video Arcade Games started in 1978 and ran until the Video Game Crash of 1983 finished in 1985.
Dave & Busters and Chuck E. Cheese sell food and alcohol, with the arcade games as the sideshow.
Vegas was about laundering money. The gambling was an add-on.
No money laundering - no Vegas.
“Idk what happened to Vegas”
I’ll probably be scoffed at by some among FR’s stoner contingent, but I think the town finally jumped the shark when they legalized weed a few years ago. As someone who remembers the Vegas of the ‘80s and the ‘90s when old mobbed-up-type gentlemen wearing suits and pinky rings still ran the Strip, it was extreme culture shock for me to visit the Vegas Strip in 2021 and find countless Snoop-Dogg clones loitering around on the sidewalk. These gangsta entrepreneurs seemed as if they’d been transplanted from south-central L.A. to stand around smoking weed and conducting petty drug deals to idiot tourists. It was a far-cry from the Rat-Pack cool of the old Vegas. I haven’t been back since.
I think there are a lot of reasons LV is going to seed - yours is one of the better ones.
Who wants to go to LV to see the same bums on the street one avoids in every other big city, while paying through three noses to be there?
If gambling is your thing? So many other options. My nearest casino is a two-hour drive away
Ha! So true.
Idk what happened to Vegas,
The mob stopped running it.
In Arizona, you can’t swing a dead cat without hitting an Indian casino.
They're trying to appeal to the 1%.
But the 1% would rather travel on yachts or visit Europe than to go to Vegas.
Was this place given special tax credits or grants to establish the business? I ask, because that’s a scam State and local governments pull. Award the project and construction jobs to their friends and big donors, and then the business falls through not long after. Andrew Cuomo’s multi-billion dollar boondoggles in NY State, and Obama’s solar panel scandal come to mind.
The mob was driven out and investment firms with accountants moved in.
Everything now has a price, an inflated price. Long gone are the 5 bucks all you can eat buffets and cheap drinks to keep people on the property to gamble. There are reports of 20 dollar bottles of waters in hotel rooms and charging for parking in the hotel you're staying in. The new owners running the casinos have made it unaffordable.
I happened to watch a youtube video of the main drag filmed and posted last weekend. At 10 PM, there were only 3 to 5 people walking around in each shot.
It's a ghost town with flashing lights.
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