Tix Corp. files for bankruptcy
By Dave Sébastien
Ticketing service provider Tix Corp. said it filed for bankruptcy after the Covid-19 pandemic resulted in the closure of its discount ticket stores in Las Vegas under the Tix4Tonight brand and its online ticketing site.
The company said Wednesday it has filed for Chapter 11 protection with the U.S. Nevada District Bankruptcy Court. He said he would sell almost all of his assets.
Tix said he is seeking debtor-in-possession financing from any lender who could help the company run its business and meet its financial obligations, including timely payment of employee salaries and benefits. and lease payments.
The company said it expects normal operations to continue without affecting customers. Tix said it recently reopened three stores since the suspension of operations in March 2020 and that it operates daily.
Travel and leisure resumed this summer with the easing of restrictions on Covid-19. But with the recent release of the Delta variant, shows are being canceled, mask requirements are returning to casinos and venues, and consumers are reconsidering their travel plans. The reaction to the increase in cases is not as dramatic as it was last year, but it has led travel and recreation officials to notice a decline in business.
Write to Dave Sebastian at [email protected]