August 27, 2014 2:47 PM ET

Hotels, Restaurants and Leisure

Company Overview of CEC Entertainment Inc.

Company Overview

CEC Entertainment, Inc. develops, operates, and franchises family dining and entertainment centers under the Chuck E. Cheese’s name in the United States and internationally. Its stores provide various dining selections, such as pizzas, sandwiches, wings, appetizers, salad bars, beverages, and desserts, as well as musical and comic entertainment through computer-controlled robotic characters, family-oriented arcade-style and skill-oriented games, video games, rides, and other activities for families with children between 2 and 12 years of age. As of March 13, 2014, the company and its franchisees operated 571 Chuck E. Cheese's stores in 48 states, and 10 foreign countries or territories. The ...

4441 West Airport Freeway

Irving, TX 75062

United States

Founded in 1977

18,800 Employees



Key Executives for CEC Entertainment Inc.

Chief Executive Officer
Executive Vice President and Director of Operations
Age: 52
President of International Division
Age: 54
Principal Accounting Officer
Age: 41
Senior Vice President and General Counsel
Compensation as of Fiscal Year 2014.

CEC Entertainment Inc. Key Developments

CEC Entertainment, Inc. Announces Executive Changes, Effective July 23, 2014

CEC Entertainment Inc. announced that its Board of Directors appointed Thomas Leverton as chief executive officer, effective July 23, 2014. Mr. Leverton succeeds Michael H. Magusiak, who retired as president and CEO on June 2, 2014. Tom has had a long career in multisite businesses. He recently served as CEO of Topgolf.

CEC Entertainment, Inc. Announces Retirement of Michael H. Magusiak as President and Chief Executive Officer, Effective June 2, 2014

CEC Entertainment Inc. announced that Michael H. Magusiak, President and Chief Executive Officer, intends to retire from the Company, effective June 2, 2014. The CEC Board of Directors has initiated a search process to identify a new Chief Executive Officer, which will include a full review of both internal and external candidates.

Chuck E. Cheese's International Expansion Scores with Mexico, Saudi Arabia New Store Openings

Chuck E. Cheese's plan to open more than 80 international franchise locations in the next six years is right on track with the new locations in Mexico City, Mexico, and Riyadh, Saudi Arabia. The new additions to the international family bring the total operating store count outside the U.S. and Canada to 21, with an anticipated 10 to open in 2014, including one new country, Trinidad. The new Mexico City Chuck E. Cheese's, first in the city and second in the country, features innovations on the American concept such as a coffee bar and an upstairs area with private party rooms available as part of a new premium party package. On the menu, local guests will find a Mexican-style pizza topped with chorizo sausage and jalapeños. Guests in Riyadh, the fifth restaurant under the Chuck E. Cheese's umbrella in Saudi Arabia, will also find a local favorite seafood-style pizza on the menu and high-quality coffee and pastries at an in-store coffee bar. In addition to fun, food and games for family members of all ages, each new store also brings with it at least 50 jobs for staff management and cast members as well as added employment during the construction and development of each restaurant.

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