(Thanks to Jonathan Leung from Arcade Repair Tips for the tip)
Some quick arcade business news here. With almost 600 locations around the world, Chuck E. Cheeses is quite famous for their blending of arcade and food into one venue. Today, news has come along that they are getting bigger as the parent company which purchased up the CEC brand and chains has now expanded to purchasing Peter Piper Pizza’s.
The story is here at Bizjournal.
Personally I have not visited a PPP before, they currently do not have any locations within my State. I think they did in the past but I cannot recall. I am not sure what kind of games PPP locations have – their website mentions parties but steers clear of any game talk, just showing some PPP tokens. I imagine any location is redemption-centric like CECs tend to be already (most CECs I have visited in recent times are about 95% redemption, 5% video). Either way with this acquisition that gives the parent company 147 more locations to guide as they pursue growth strategies on the market. What are your thoughts about this?
Wow. Wasn’t even aware PPP still existed. Haven’t been to one since the one in SoCal went outta business years back. Yeah, they were mosty Redemption back in the days much like CEC. The major difference tho was that my ol’ location had Fighting games. Still remembered being surprised playing SF III New Gen there.
I’m a little confused right now. Didn’t CEC get acquired by D&B last year? How does this work with a company that’s been acquired by another company…acquiring another company?
No, there was talk of that but ultimately some other investment firm bought them up and now that same firm has bought PPP’s