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Albuquerque’s Electric Playhouse files for bankruptcy in Nevada
Brandon Garrett, CEO of Electric Playhouse, poses for a portrait at the company’s Albuquerque location in June 2023.
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The Las Vegas location of Albuquerque-based Electric Playhouse filed for Chapter 11 protection Monday, according to court documents.
The filing does not affect the company’s New Mexico operations, Electric Playhouse CEO Brandon Garrett told the Journal.
Electric Playhouse has two locations — one on Albuquerque’s West Side and another on the Las Vegas Strip, inside The Forum Shops at Caesars Palace.
Court documents, filed with the U.S. Bankruptcy Court for the District of Nevada, estimate the company’s Nevada LLC, Electric Playhouse NV, has total assets estimated at between $1 million and $10 million. The company owes around $4.43 million to its largest 20 unsecured creditors, according to the filing.
Electric Playhouse’s two biggest debts are $2.5 million to a Boston-based general contractor and $1.7 million to The Forum Shops for unpaid rent and maintenance fees.
On Tuesday morning, the court clerk submitted a notice stating that Electric Playhouse had filed an incomplete list of documents, and needed to turn in complete records of its creditors, assets and properties, or the case would be dismissed.
Garrett started Electric Playhouse in New Mexico in 2018 with three co-founders. Electric Playhouse opened its first location in Albuquerque in 2020, just weeks before the onset of the COVID-19 pandemic, before shutting down and reopening in 2021. The Las Vegas location opened in June 2024. The entertainment centers include immersive light and sound displays, art installations, games and food.
The Las Vegas Review-Journal, which broke the news Tuesday, said the Sin City location was still operating as of Tuesday morning.
Chapter 11 bankruptcy allows businesses to reorganize their debts and continue operation, rather than Chapter 7, which requires companies to shut down and sell off their assets.
