Electric Playhouse Files for Bankruptcy on Las Vegas Strip

As of October 21, 2025, the Las Vegas Strip has largely avoided major bankruptcy filings among its casinos and businesses for over a decade. The last significant bankruptcy on the Strip was in January 2015 when Caesars Entertainment, then owned by Apollo Global Management and TPG Capital, filed for Chapter 11 to eliminate about $16 billion in debt.

However, some smaller casinos off the Strip or outside of Las Vegas have faced financial difficulties in recent years. The Chinese-themed Lucky Dragon Casino, which opened in 2016, filed for bankruptcy and closed down in 2018. More recently, Maverick Gaming, a privately held casino operator with holdings in Nevada, Colorado, and Washington, filed for Chapter 11 bankruptcy protection in July 2025.

While the Strip itself has remained relatively stable, a unique entertainment venue located within a casino resort has now sought bankruptcy protection. Electric Playhouse, a high-tech interactive gaming venue that opened in June 2024 inside The Forum Shops at Caesars Palace, filed for Chapter 11 bankruptcy on October 20, 2025. The Albuquerque-based parent company cited financial challenges as the reason for the filing, though no further details were provided.

Electric Playhouse offered motion-activated games and experiences where players' bodies became the game controllers, without the need for headsets or other gadgets. The 10,000 square-foot venue was not owned by Caesars Entertainment, Vici Properties, or The Forum Shops owner Simon Property Group, but was an independent business operating within the casino resort complex.