Strip Concept Interactive Entertainment Company Files for Bankruptcy
An interactive entertainment company, Electric Playhouse NV LLC, has recently filed for Chapter 11 bankruptcy. This legal action took place in the U.S. Bankruptcy Court for the District of Nevada. The filing indicates that the company’s assets and liabilities fall between $1 million and $10 million.
Financial Overview of Electric Playhouse
Court documents reveal significant claims against Electric Playhouse. The company faces total claims exceeding $4.4 million from its 20 largest unsecured creditors. However, the bankruptcy clerk has flagged the petition as incomplete, noting missing essential financial statements, creditor lists, and disclosures.
Operational Status
Despite the bankruptcy situation, Electric Playhouse continues to operate. As of Tuesday morning, the venue remains open to the public. Employees reported no immediate changes to their working hours.
Company Background
Founded in 2021 in Albuquerque, Electric Playhouse initially launched its first location in New Mexico. The company expanded in June 2024, opening a new venue in Las Vegas. This location spans approximately 10,000 square feet on the Terrace Level of The Forum Shops at Caesars Palace.
Unique Entertainment Offerings
Electric Playhouse offers an innovative blend of entertainment options. The venue features:
- Motion-activated games
- 360-degree projection mapping
- Interactive digital environments
In this immersive setting, visitors control their experiences through physical movement, eliminating the need for headsets or handheld devices.
Independence and Affiliations
It’s important to highlight that Electric Playhouse operates independently. The venue does not have any affiliations with Caesars Entertainment, Vici Properties, or Simon Property Group, which manages The Forum Shops at Caesars Palace.
