----

----

| x |   | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES      EXCHANGE ACT OF 1934 |
|---|--------|----------------------------------------------------------------------------------------------------------------------------|

| ¨ |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|--------|------------------------------------------------------------------------------------------|

----

----

| Kansas                                                                                   |   | 48-0905805                        |
|------------------------------------------------------------------------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization)                           |   | (IRS Employer Identification No.) |
|                                                                                     |   |                              |
| 4441 West Airport FreewayIrving, Texas                                                   |   | 75062                             |
| (Address of principal executive offices)                                                 |   | (Zip Code)                        |
|                                                                                     |   |                              |
| (972) 258-8507                                                                           |
| (Registrant’s telephone number, including area code)                               |
|                                                                                     |   |                              |
| Not applicable                                                                           |
|  (Former name, former address and former fiscal year, if changed since last report) |

|   |
|--------|

----

|                                 |         |                                                                                                                     |         | Page   |
|--------------------------------------|--------------|--------------------------------------------------------------------------------------------------------------------------|--------------|------------------|
| PART I                          |         |  FINANCIAL INFORMATION                                                                                              |    |             |
|     ITEM 1. |         |  Financial Statements (Unaudited)                                                                                   |    |             |
|                                 |         |                                                                                                                     |         |             |
|                                 |         |  Condensed Consolidated Balance Sheets at April 4, 2010 and January 3, 2010                                         |         | 3                |
|                                 |         |                                                                                                                     |         |             |
|                                 |         |  Condensed Consolidated Statements of Earnings for the three months ended April 4, 2010 and March 29, 2009          |         |  4          |
|                                 |         |                                                                                                                     |         |             |
|                                 |         |  Condensed Consolidated Statement of Changes in Stockholders’ Equity for the three months ended April 4, 2010 |         |  5          |
|                                 |         |                                                                                                                     |         |             |
|                                 |         |  Condensed Consolidated Statements of Cash Flows for the three months ended April 4, 2010 and March 29, 2009        |         | 6                |
|                                 |         |                                                                                                                     |         |             |
|                                 |         |  Notes to Condensed Consolidated Financial Statements                                                          |         | 7                |
|     ITEM 2.      |         |  Management’s Discussion and Analysis of Financial Condition and Results of Operations                        |    | 12               |
|     ITEM 3.      |         |  Quantitative and Qualitative Disclosures about Market Risk                                                         |    | 22               |
|     ITEM 4.      |         |  Controls and Procedures                                                                                            |         | 23               |
| PART II                         |         |  OTHER INFORMATION                                                                                                  |    |             |
|                                 |         |                                                                                                                     |         |             |
|     ITEM 1.      |         |  Legal Proceedings                                                                                             |    | 24               |
|     ITEM 1A.     |         |  Risk Factors                                                                                                       |         | 24               |
|     ITEM 2.      |         |  Unregistered Sales of Equity Securities and Use of Proceeds                                                        |         | 24               |
|                                 |         |                                                                                                                     |         |             |
|     ITEM 6.      |         |  Exhibits                                                                                                           |         | 25               |
|                                 |         |                                                                                                                     |         |             |
| SIGNATURES                           |         | 26                                                                                                                       |
|                                 |         |                                                                                                                     |         |             |
|                                 |    |                                                                                                                     |
|                                 |         |                                                                                                                     |         |             |

----

ITEM 1

CEC ENTERTAINMENT, INC.

|                                                                                                                           |   | April 4, |     |   | January 3, |   |
|--------------------------------------------------------------------------------------------------------------------------------|--------|----------|----------|--------|------------|--------|
|                                                                                                                           |   | 2010     |     |   | 2010       |   |
| ASSETS                                                                                                                         |   |     |     |   |       |   |
|                                                                                                                           |   |     |     |   |       |   |
| Current assets:                                                                                                                |   |     |     |   |       |   |
| Cash and cash equivalents                                                                                                      |   | $        | 20,291   |   |       | $      | 17,361 |   |
| Accounts receivable                                                                                                            |   |     | 9,198    |   |       |   | 27,031 |   |
| Inventories                                                                                                                    |   |     | 17,496   |   |       |   | 18,016 |   |
| Prepaid expenses                                                                                                               |   |     | 17,895   |   |       |   | 13,915 |   |
| Deferred tax asset                                                                                                             |   |     | 3,392    |   |       |   | 3,392 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total current assets                                                                                                           |   |     | 68,272   |   |       |   | 79,715 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Property and equipment, net                                                                                                    |   |     | 662,699  |   |       |   | 662,747 |   |
| Other noncurrent assets                                                                                                        |   |     | 5,442    |   |       |   | 1,804 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total assets                                                                                                                   |   | $        | 736,413  |   |       | $      | 744,266 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                     |   |     |     |   |       |   |   |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Current liabilities:                                                                                                           |   |     |     |   |       |   |   |   |
| Capital lease obligations, current portion                                                                                     |   | $        | 900      |   |       | $      | 881 |   |
| Accounts payable                                                                                                               |   |     | 36,482   |   |       |   | 32,754 |   |
| Accrued expenses                                                                                                               |   |     | 50,470   |   |       |   | 33,927 |   |
| Unearned revenues                                                                                                              |   |     | 9,481    |   |       |   | 7,641 |   |
| Accrued interest                                                                                                               |   |     | 1,066    |   |       |   | 1,077 |   |
| Derivative instrument liability                                                                                                |   |     | 4,586    |   |       |   | 4,459 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total current liabilities                                                                                                      |   |     | 102,985  |   |       |   | 80,739 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Capital lease obligations, less current portion                                                                                |   |     | 10,432   |   |       |   | 10,629 |   |
| Revolving credit facility borrowings                                                                                           |   |     | 304,500  |   |       |   | 354,300 |   |
| Deferred rent liability                                                                                                        |   |     | 49,065   |   |       |   | 48,758 |   |
| Deferred landlord contributions                                                                                                |   |     | 28,337   |   |       |   | 28,220 |   |
| Deferred tax liability                                                                                                         |   |     | 33,575   |   |       |   | 33,690 |   |
| Accrued insurance                                                                                                              |   |     | 12,542   |   |       |   | 12,068 |   |
| Derivative instrument liability                                                                                                |   |     | 541      |   |       |   | 1,154 |   |
| Other noncurrent liabilities                                                                                                   |   |     | 7,217    |   |       |   | 6,795 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total liabilities                                                                                                              |   |     | 549,194  |   |       |   | 576,353 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Commitments and contingencies (Note 5)                                                                                         |   |     |     |   |       |   |   |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Stockholders’ equity:                                                                                                    |   |     |     |   |       |   |   |   |
| Common stock, $0.10 par value; authorized 100,000,000 shares; 61,369,222 and 61,120,018 shares issued, respectively  |   |     | 6,136    |   |       |   | 6,112 |   |
| Capital in excess of par value                                                                                                 |   |     | 427,063  |   |       |   | 425,717 |   |
| Retained earnings                                                                                                              |   |     | 736,276  |   |       |   | 702,414 |   |
| Accumulated other comprehensive income                                                                                         |   |     | 2,130    |   |       |   | 1,140 |   |
| Less treasury stock, at cost; 39,398,213 and 38,944,354  shares, respectively                              |   |     | (984,386 | )      |       |   | (967,470 | ) |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total stockholders’ equity                                                                                               |   |     | 187,219  |   |       |   | 167,913 |   |
|                                                                                                                           |   |     |     |   |       |   |   |   |
| Total liabilities and stockholders’ equity                                                                               |   | $        | 736,413  |   |       | $      | 744,266 |   |

----

CEC ENTERTAINMENT, INC.

|                                                                              |   | Three Months Ended |    |
|-----------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                              |   | April 4,           |    |   | March 29, |   |
|                                                                              |   | 2010               |    |   | 2009 |   |
| REVENUES                                                                          |   |               |    |   |   |   |
| Food and beverage sales                                                           |   | $                  | 121,016 |   |   | $ | 128,479 |   |
| Entertainment and merchandise sales                                               |   |               | 124,184 |   |   |   | 118,581 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Company store sales                                                               |   |               | 245,200 |   |   |   | 247,060 |   |
| Franchise fees and royalties                                                      |   |               | 1,127   |   |   |   | 1,073 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Total revenues                                                                    |   |               | 246,327 |   |   |   | 248,133 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| OPERATING COSTS AND EXPENSES                                                      |   |               |    |   |   |   |   |   |
| Company store operating costs:                                                    |   |               |    |   |   |   |   |   |
| Cost of food and beverage (exclusive of items shown separately below)             |   |               | 27,619  |   |   |   | 27,146 |   |
| Cost of entertainment and merchandise (exclusive of items shown separately below) |   |               | 10,050  |   |   |   | 10,764 |   |
|                                                                              |   |               |    |   |   |   |   |   |
|                                                                              |   |               | 37,669  |   |   |   | 37,910 |   |
| Labor expenses                                                                    |   |               | 60,595  |   |   |   | 60,496 |   |
| Depreciation and amortization                                                     |   |               | 19,606  |   |   |   | 18,914 |   |
| Rent expense                                                                      |   |               | 17,486  |   |   |   | 16,914 |   |
| Other store operating expenses                                                    |   |               | 31,034  |   |   |   | 30,124 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Total Company store operating costs                                               |   |               | 166,390 |   |   |   | 164,358 |   |
| Advertising expense                                                               |   |               | 9,037   |   |   |   | 10,044 |   |
| General and administrative expenses                                               |   |               | 13,685  |   |   |   | 14,517 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Total operating costs and expenses                                                |   |               | 189,112 |   |   |   | 188,919 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Operating income                                                                  |   |               | 57,215  |   |   |   | 59,214 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Interest expense, net                                                             |   |               | 2,670   |   |   |   | 3,074 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Income before income taxes                                                        |   |               | 54,545  |   |   |   | 56,140 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Income taxes                                                                      |   |               | 20,683  |   |   |   | 22,088 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Net income                                                                        |   | $                  | 33,862  |   |   | $ | 34,052 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Earnings per share:                                                               |   |               |    |   |   |   |   |   |
| Basic                                                                             |   | $                  | 1.53    |   |   | $ | 1.49 |   |
| Diluted                                                                           |   | $                  | 1.53    |   |   | $ | 1.48 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Weighted average shares outstanding:                                              |   |               |    |   |   |   |   |   |
| Basic                                                                             |   |               | 22,076  |   |   |   | 22,824 |   |
| Diluted                                                                           |   |               | 22,106  |   |   |   | 23,001 |   |

----

CEC ENTERTAINMENT, INC.

|                                                                 |   | Common Stock |       |   | Capital In Excess of |   |   | Retained  |   |   | Accumulated Other Comprehensive |   |   | Treasury Stock |    |   |   |   |
|----------------------------------------------------------------------|--------|--------------|------------|--------|----------------------|--------|--------|-----------|--------|--------|---------------------------------|--------|--------|----------------|---------|--------|--------|--------|
|                                                                 |   | Shares       |       |   | Amount               |   |   | Par Value |   |   | Earnings                        |   |   | Income         |    |   | Shares |   |   | Amount |   |   | Total |   |
|                                                                 |   |         |       |   |                 |   |   |      |   |   |                            |   |   |           |    |   |   |   |   |   |   |   |   |   |
| Balance at January 4, 2010                                           |   |         | 61,120,018 |   |                 | $      | 6,112  |      |   | $      | 425,717                         |   |   | $              | 702,414 |   |   | $      | 1,140 |   |   |   | 38,944,354 |   |   | $ | (967,470 | ) |   | $ | 167,913 |   |
| Net income                                                           |   |         | -          |   |                 |   | -      |      |   |   | -                               |   |   |           | 33,862  |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 33,862 |   |
| Change in fair value of cash flow hedge, net ofincome taxes of $299  |   |         | -          |   |                 |   | -      |      |   |   | -                               |   |   |           | -       |   |   |   | (491 | ) |   |   | - |   |   |   | - |   |   |   | (491 | ) |
| Hedging loss realized in earnings, net ofincome taxes of $483        |   |         | -          |   |                 |   | -      |      |   |   | -                               |   |   |           | -       |   |   |   |  793 |   |   |   | - |   |   |   | - |   |   |   |  793 |   |
| Foreign currency translation adjustments, net ofincome taxes of $112 |   |         | -          |   |                 |   | -      |      |   |   | -                               |   |   |           | -       |   |   |   |  688 |   |   |   | - |   |   |   | - |   |   |   | 688 |   |
| Comprehensive income                                                 |   |         |       |   |                 |   |   |      |   |   |                            |   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 34,852 |   |
|                                                                 |   |         |       |   |                 |   |   |      |   |   |                            |   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock-based compensation costs                                       |   |         | -          |   |                 |   | -      |      |   |   | 1,957                           |   |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 1,957 |   |
| Stock options exercised                                              |   |         | 74,585     |   |                 |   | 7      |      |   |   | 2,378                           |   |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 2,385 |   |
| Restricted stock issued, net of forfeitures                          |   |         | 233,163    |   |                 |   | 23     |      |   |   | (23                             | )      |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Tax shortfall from stock options andrestricted stock                 |   |         | -          |   |                 |   | -      |      |   |   | (843                            | )      |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (843 | ) |
| Restricted stock returned for taxes                                  |   |         | (77,436    | )      |                 |   | (8     | )         |   |   | (2,724                          | )      |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,732 | ) |
| Common stock issued under 401(k) plan                                |   |         | 18,892     |   |                 |   | 2      |      |   |   | 601                             |   |   |           | -       |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 603 |   |
| Purchases of treasury stock                                          |   |         | -          |   |                 |   | -      |      |   |   | -                               |   |   |           | -       |   |   |   | - |   |   |   | 453,859 |   |   |   | (16,916 | ) |   |   | (16,916 | ) |
|                                                                 |   |         |       |   |                 |   |   |      |   |   |                            |   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance at April 4, 2010                                             |   |         | 61,369,222 |   |                 | $      | 6,136  |      |   | $      | 427,063                         |   |   | $              | 736,276 |   |   | $      | 2,130 |   |   |   | 39,398,213 |   |   | $ | (984,386 | ) |   | $ | 187,219 |   |

----

CEC ENTERTAINMENT, INC.

|                                                                              |   | Three Months Ended |    |
|-----------------------------------------------------------------------------------|--------|--------------------|---------|
|                                                                              |   | April 4,           |    |   | March 29, |   |
|                                                                              |   | 2010               |    |   | 2009 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                             |   |               |    |   |   |   |
| Net income                                                                        |   | $                  | 33,862  |   |   | $ | 34,052 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |               |    |   |   |   |   |   |
| Depreciation and amortization                                                     |   |               | 19,797  |   |   |   | 19,138 |   |
| Deferred income taxes                                                             |   |               | (1,255  | ) |   |   | 2,874 |   |
| Stock-based compensation expense                                                  |   |               | 1,912   |   |   |   | 2,373 |   |
| Amortization of landlord contributions                                            |   |               | (509    | ) |   |   | (506 | ) |
| Amortization of deferred debt financing costs                                     |   |               | 70      |   |   |   | 70 |   |
| Loss on asset disposals, net                                                      |   |               | 552     |   |   |   | 424 |   |
| Other adjustments                                                                 |   |               | 19      |   |   |   | (6 | ) |
| Changes in operating assets and liabilities:                                      |   |               |    |   |   |   |   |   |
| Accounts receivable                                                               |   |               | 15,307  |   |   |   | 16,889 |   |
| Inventories                                                                       |   |               | 536     |   |   |   | 2,114 |   |
| Prepaid expenses                                                                  |   |               | (3,979  | ) |   |   | (3,843 | ) |
| Accounts payable                                                                  |   |               | 5,777   |   |   |   | (925 | ) |
| Accrued expenses                                                                  |   |               | 1,310   |   |   |   | (1,252 | ) |
| Unearned revenues                                                                 |   |               | 1,837   |   |   |   | (760 | ) |
| Accrued interest                                                                  |   |               | 11      |   |   |   | (799 | ) |
| Income taxes payable                                                              |   |               | 15,746  |   |   |   | 11,442 |   |
| Deferred rent liability                                                           |   |               | 233     |   |   |   | 435 |   |
| Deferred landlord contributions                                                   |   |               | 531     |   |   |   | 26 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Net cash provided by operating activities                                         |   |               | 91,757  |   |   |   | 81,746 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                             |   |               |    |   |   |   |   |   |
| Purchases of property and equipment                                               |   |               | (20,954 | ) |   |   | (15,742 | ) |
| Other investing activities                                                        |   |               | (1,124  | ) |   |   | (183 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| Net cash used in investing activities                                             |   |               | (22,078 | ) |   |   | (15,925 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                             |   |               |    |   |   |   |   |   |
| Net repayments on revolving credit facility                                  |   |               | (49,800 | ) |   |   | (65,250 | ) |
| Payments on capital lease obligations                                             |   |               | (213    | ) |   |   | (196 | ) |
| Exercise of stock options                                                         |   |               | 2,385   |   |   |   | 296 |   |
| Excess tax benefit realized from stock-based compensation                         |   |               | 564     |   |   |   | - |   |
| Payment of taxes for returned restricted shares                                   |   |               | (2,732  | ) |   |   | (1,342 | ) |
| Treasury stock acquired                                                           |   |               | (16,916 | ) |   |   | - |   |
| Other financing activities                                                        |   |               | 1       |   |   |   | (1 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| Net cash used in financing activities                                             |   |               | (66,711 | ) |   |   | (66,493 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| Effect of foreign exchange rate changes on cash                                   |   |               | (38     | ) |   |   | (23 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| Change in cash and cash equivalents                                               |   |               | 2,930   |   |   |   | (695 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| Cash and cash equivalents at beginning of period                                  |   |               | 17,361  |   |   |   | 17,769 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| Cash and cash equivalents at end of period                                        |   | $                  | 20,291  |   |   | $ | 17,074 |   |
|                                                                              |   |               |    |   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                               |   |               |    |   |   |   |   |   |
| Interest paid                                                                     |   | $                  | 2,633   |   |   | $ | 3,564 |   |
| Income taxes paid (received), net                                                 |   | $                  | 58      |   |   | $ | (4,995 | ) |
|                                                                              |   |               |    |   |   |   |   |   |
| NON-CASH INVESTING AND FINANCING ACTIVITIES:                                      |   |               |    |   |   |   |   |   |
| Accrued construction costs                                                        |   | $                  | 5,740   |   |   | $ | 3,699 |   |
| Common stock issued under 401(k) plan                                             |   | $                  | 603     |   |   | $ | 577 |   |

----

CEC ENTERTAINMENT, INC.

|                          |   | April 4,       |   |   | January 3, |   |
|-------------------------------|--------|----------------|--------|--------|------------|--------|
|                          |   | 2010           |   |   | 2010       |   |
|                          |   | (in thousands) |   |
|                          |   |           |   |   |       |   |
| Food and beverage             |   | $              | 4,715  |   |       | $      | 4,934 |   |
| Entertainment and merchandise |   |           | 12,781 |   |       |   | 13,082 |   |
|                          |   |           |   |   |       |   |   |   |
|                          |   | $              | 17,496 |   |       | $      | 18,016 |   |

----

|                                 |   | April 4,       |    |   | January 3, |   |
|--------------------------------------|--------|----------------|---------|--------|------------|--------|
|                                 |   | 2010           |    |   | 2010       |   |
|                                 |   | (in thousands) |    |
|                                 |   |           |    |   |       |   |
| Revolving credit facility borrowings |   | $              | 304,500 |   |       | $      | 354,300 |   |

----

|                                        |                                         |   | April 4,       |   |   | January 3, |   |
|---------------------------------------------|----------------------------------------------|--------|----------------|--------|--------|------------|--------|
|                                        | Balance Sheet Location                       |   | 2010           |   |   | 2010       |   |
| Derivative designated as hedging instrument |                                         |   | (in thousands) |   |
|                                        |                                         |   |           |   |   |       |   |
| Interest rate swap contract                 | Derivative instrument liability(1) (2)  |   | $              | 5,127  |   |       | $      | 5,613 |   |

|   |  (1) As of April 4, 2010, the estimated fair value was comprised of a $4.6 million current liability and a $0.5 million noncurrent liability. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) As of January 3, 2010, the estimated fair value was comprised of a $4.5 million current liability and a $1.2 million noncurrent liability. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                          |   | Three Months Ended |   |
|-------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                          |   | April 4,           |   |   | March 29, |   |
|                                                                          |   | 2010               |   |   | 2009 |   |
| Derivative in cash flow hedging relationship                                  |   |               |   |
|                                                                          |   |               |   |   |   |   |
| Loss recognized in accumulated OCI – effective portion:                 |   |               |   |   |   |   |
| Interest rate swap contract                                                   |   | $                  | (790   | ) |   | $ | (681 | ) |   |
|                                                                          |   |               |   |   |   |   |   |   |   |
| Loss reclassified from accumulated OCI into income – effective portion: |   |               |   |   |   |   |   |   |   |
| Interest expense, net                                                         |   | $                  | (1,276 | ) |   | $ | (673 | ) |   |

----

|                                                           |   | Three Months Ended |   |
|----------------------------------------------------------------|--------|--------------------|--------|
|                                                           |   | April 4,           |   |   | March 29, |   |
|                                                           |   | 2010               |   |   | 2009 |   |
|                                                           |   |               |   |   |   |   |
| Numerator:                                                     |   |               |   |   |   |   |
| Net income                                                     |   | $                  | 33,862 |   |   | $ | 34,052 |   |
|                                                           |   |               |   |   |   |   |   |   |
| Denominator:                                                   |   |               |   |   |   |   |   |   |
| Basic weighted average common shares outstanding               |   |               | 22,076 |   |   |   | 22,824 |   |
| Potential common shares for stock options and restricted stock |   |               | 30     |   |   |   | 177 |   |
|                                                           |   |               |   |   |   |   |   |   |
| Diluted weighted average common shares outstanding             |   |               | 22,106 |   |   |   | 23,001 |   |
|                                                           |   |               |   |   |   |   |   |   |
| Earnings per share:                                            |   |               |   |   |   |   |   |   |
| Basic                                                          |   | $                  | 1.53   |   |   | $ | 1.49 |   |
| Diluted                                                        |   | $                  | 1.53   |   |   | $ | 1.48 |   |

|                                                         |   | Three Months Ended |   |
|--------------------------------------------------------------|--------|--------------------|--------|
|                                                         |   | April 4,           |   |   | March 29, |   |
|                                                         |   | 2010               |   |   | 2009 |   |
|                                                         |   | (in thousands)     |   |
|                                                         |   |               |   |   |   |   |
| Total stock-based compensation cost                          |   | $                  | 1,957  |   |   | $ | 2,422 |   |
| Portion capitalized as property and equipment(1)        |   |               | (45    | ) |   |   | (49 | ) |
|                                                         |   |               |   |   |   |   |   |   |
| Pre-tax stock-based compensation expense recognized(2)  |   | $                  | 1,912  |   |   | $ | 2,373 |   |

|  (1) |   We capitalize the portion of stock-based compensation costs related to our design, construction, facilities and legal departments that are directly attributable to our store development projects, such as the design and construction of a new store and the remodeling and expansion of our existing stores. Capitalized stock-based compensation is included in “Property and equipment, net” on the consolidated balance sheets. |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  (2) |   Included in “General and administrative expense” in the unaudited Condensed Consolidated Statements of Earnings.                                                                                                                                                                                                                                                                                                                      |

----

----

ITEM 2. 

| ·   | Executive Overview |
|--------------------|--------------------|

| ·   | Overview of Operations |
|--------------------|------------------------|

| ·   | Results of Operations |
|--------------------|-----------------------|

| ·   | Financial Condition, Liquidity and Capital Resources |
|--------------------|------------------------------------------------------|

| ·   | Off-Balance Sheet Arrangements and Contractual Obligations |
|--------------------|------------------------------------------------------------|

| ·   | Critical Accounting Policies and Estimates |
|--------------------|--------------------------------------------|

| ·   | Recently Issued Accounting Guidance |
|--------------------|-------------------------------------|

| ·   | Revenues decreased 0.7% during the first quarter of 2010 compared to the same period in 2009. |
|--------------------|-----------------------------------------------------------------------------------------------|

| -   | Comparable store sales on a fiscal week basis decreased 1.5%. This decrease is primarily due to a mismatch in a year-end holiday-related high sales volume week included in the first quarter of 2009 that fell outside of the first quarter of 2010. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Comparable store sales on a calendar week basis increased 0.7%. |
|---------------|-----------------------------------------------------------------|

| -   | Weighted average Company-owned store count increased by approximately three stores. |
|---------------|-------------------------------------------------------------------------------------|

| -   | Menu prices increased on average 1.2%. |
|---------------|----------------------------------------|

| ·   | Company store operating costs as a percentage of Company store sales increased 1.4 percentage points during the first quarter of 2010 compared to the same period in 2009 primarily due to increased rent, depreciation and other store operating costs. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Advertising expense as a percentage of total revenues decreased 0.3 percentage points during the first quarter of 2010 compared to the same period in 2009 primarily due to the timing of advertising activities. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | General and administrative expenses decreased to $13.7 million during the first quarter of 2010 compared to $14.5 million in the first quarter of 2009 primarily due to an unfavorable stock-based compensation forfeiture adjustment we recorded in the first quarter of 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | Interest expense decreased to $2.7 million during the first quarter of 2010 compared to $3.1 million in the first quarter of 2009 primarily due to a $47.6 million decrease in the average debt balance outstanding under our revolving credit facility between the two periods. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net income for the first quarter of 2010 decreased 0.6% to $33.9 million from $34.1 million in the same period in 2009 and diluted earnings per share increased 3.4% to $1.53 compared to $1.48 in the same period in 2009. Earnings per share benefited from our cumulative repurchase of 2,228,948 shares of our common stock since the beginning of the first quarter of 2009, including 453,859 shares we repurchased during the first quarter of 2010. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Overview of Operations |
|------------------------|

|                            |   | Three Months Ended |   |
|---------------------------------|--------|--------------------|--------|
|                            |   | April 4,           |   |   | March 29, |   |
|                            |   | 2010               |   |   | 2009 |   |
|                            |   |               |   |   |   |   |
| Number of Company-owned stores: |   |               |   |   |   |   |
| Beginning of period             |   |               | 497    |   |   |   | 495 |   |
| New                             |   |               | -      |   |   |   | - |   |
| Acquired from franchisees       |   |               | 1      |   |   |   | - |   |
| Closed                          |   |               | -      |   |   |   | - |   |
| End of period                   |   |               | 498    |   |   |   | 495 |   |
|                            |   |               |   |   |   |   |   |   |
| Number of franchised stores:    |   |               |   |   |   |   |   |   |
| Beginning of period             |   |               | 48     |   |   |   | 46 |   |
| New                             |   |               | 1      |   |   |   | 1 |   |
| Acquired by the Company         |   |               | (1     | ) |   |   | - |   |
| Closed                          |   |               | -      |   |   |   | - |   |
| End of period                   |   |               | 48     |   |   |   | 47 |   |

| ·   | Cost of food and beverage includes all direct costs of food, beverages and costs of related paper and birthday supplies, less rebates from suppliers; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Cost of entertainment and merchandise includes all direct costs of prizes provided and merchandise sold to our customers, as well as the cost of tickets dispensed to customers and redeemed for prize items; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Labor expenses consist of salaries and wages, related payroll taxes and benefits for store personnel; |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Depreciation and amortization expense pertain directly to our store assets; |
|--------------------|-----------------------------------------------------------------------------|

----

| ·   | Rent expense includes lease costs for Company-owned stores, excluding common occupancy costs (e.g. common area maintenance (“CAM”) charges, property taxes, etc.); and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Other store operating expenses which include utilities, repair costs, liability and property insurance, CAM charges, property taxes, preopening expenses, store asset disposal gains and losses, and all other costs directly related to the operation of a store. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                |   | Three Months Ended                 |    |
|-------------------------------------|--------|------------------------------------|---------|
|                                |   | April 4, 2010                      |    |   | March 29, 2009 |   |
|                                |   | (in thousands, except percentages) |    |
|                                |   |                               |    |   |   |   |   |   |   |   |   |   |
| Food and beverage sales             |   | $                                  | 121,016 |   |   |   | 49.4 | % |   | $ | 128,479 |   |   |   | 52.0 | % |
| Entertainment and merchandise sales |   |                               | 124,184 |   |   |   | 50.6 | % |   |   | 118,581 |   |   |   | 48.0 | % |
|                                |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Company store sales                 |   | $                                  | 245,200 |   |   |   | 100.0 | % |   | $ | 247,060 |   |   |   | 100.0 | % |

|                                                                  |   | Three Months Ended                 |    |
|-----------------------------------------------------------------------|--------|------------------------------------|---------|
|                                                                  |   | April 4, 2010                      |    |   | March 29, 2009 |   |
|                                                                  |   | (in thousands, except percentages) |    |
|                                                                  |   |                               |    |   |   |   |   |   |   |   |   |   |
| Company store sales                                                   |   | $                                  | 245,200 |   |   |   | 99.5 | % |   | $ | 247,060 |   |   |   | 99.6 | % |
| Franchising activities                                                |   |                               | 1,127   |   |   |   | 0.5 | % |   |   | 1,073 |   |   |   | 0.4 | % |
|                                                                  |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenues                                                        |   |                               | 246,327 |   |   |   | 100.0 | % |   |   | 248,133 |   |   |   | 100.0 | % |
| Company store operating costs:                                        |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of food and beverage (1)                                    |   |                               | 27,619  |   |   |   | 22.8 | % |   |   | 27,146 |   |   |   | 21.1 | % |
| Cost of entertainment and merchandise (2)                        |   |                               | 10,050  |   |   |   | 8.1 | % |   |   | 10,764 |   |   |   | 9.1 | % |
|                                                                  |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total cost of food, beverage, entertainment and merchandise (3)  |   |                               | 37,669  |   |   |   | 15.4 | % |   |   | 37,910 |   |   |   | 15.3 | % |
| Labor expenses (3)                                               |   |                               | 60,595  |   |   |   | 24.7 | % |   |   | 60,496 |   |   |   | 24.5 | % |
| Depreciation and amortization (3)                                |   |                               | 19,606  |   |   |   | 8.0 | % |   |   | 18,914 |   |   |   | 7.7 | % |
| Rent expense (3)                                                 |   |                               | 17,486  |   |   |   | 7.1 | % |   |   | 16,914 |   |   |   | 6.8 | % |
| Other store operating expenses (3)                               |   |                               | 31,034  |   |   |   | 12.7 | % |   |   | 30,124 |   |   |   | 12.2 | % |
| Total Company store operating costs (3)                          |   |                               | 166,390 |   |   |   | 67.9 | % |   |   | 164,358 |   |   |   | 66.5 | % |
| Other costs and expenses:                                             |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Advertising expense                                                   |   |                               | 9,037   |   |   |   | 3.7 | % |   |   | 10,044 |   |   |   | 4.0 | % |
| General and administrative expenses                                   |   |                               | 13,685  |   |   |   | 5.6 | % |   |   | 14,517 |   |   |   | 5.9 | % |
| Total operating costs and expenses                                    |   |                               | 189,112 |   |   |   | 76.8 | % |   |   | 188,919 |   |   |   | 76.1 | % |
|                                                                  |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                                      |   |                               | 57,215  |   |   |   | 23.2 | % |   |   | 59,214 |   |   |   | 23.9 | % |
| Interest expense                                                      |   |                               | 2,670   |   |   |   | 1.1 | % |   |   | 3,074 |   |   |   | 1.2 | % |
|                                                                  |   |                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                            |   | $                                  | 54,545  |   |   |   | 22.1 | % |   | $ | 56,140 |   |   |   | 22.6 | % |

----

----

|                                            |   | Three Months Ended |    |
|-------------------------------------------------|--------|--------------------|---------|
|                                            |   | April 4,           |    |   | March 29, |   |
|                                            |   | 2010               |    |   | 2009 |   |
|                                            |   | (in thousands)     |    |
|                                            |   |               |    |   |   |   |
| Net cash provided by operating activities       |   | $                  | 91,757  |   |   | $ | 81,746 |   |
| Net cash used for investing activities          |   |               | (22,078 | ) |   |   | (15,925 | ) |
| Net cash used for financing activities          |   |               | (66,711 | ) |   |   | (66,493 | ) |
| Effect of foreign exchange rate changes on cash |   |               | (38     | ) |   |   | (23 | ) |
|                                            |   |               |    |   |   |   |   |   |
| Change in cash and cash equivalents             |   | $                  | 2,930   |   |   | $ | (695 | ) |
|                                            |   |               |    |   |   |   |   |   |
| Interest paid                                   |   | $                  | 2,633   |   |   | $ | 3,564 |   |
| Income taxes paid (received), net               |   | $                  | 58      |   |   | $ | (4,995 | ) |

|                                                         |   | April 4,       |    |   | January 3, |   |
|--------------------------------------------------------------|--------|----------------|---------|--------|------------|--------|
|                                                         |   | 2010           |    |   | 2010       |   |
|                                                         |   | (in thousands) |    |
|                                                         |   |           |    |   |       |   |
| Cash and cash equivalents                                    |   | $              | 20,291  |   |       | $      | 17,361 |   |
| Revolving credit facility borrowings                         |   | $              | 304,500 |   |       | $      | 354,300 |   |
| Available unused commitments under revolving credit facility |   | $              | 234,841 |   |       | $      | 185,743 |   |

----

|                                      |   | Three Months Ended |   |
|-------------------------------------------|--------|--------------------|--------|
|                                      |   | April 4,           |   |   | March 29, |   |
|                                      |   | 2010               |   |   | 2009 |   |
|                                      |   |               |   |   |   |   |
| Existing Company-owned store initiatives: |   |               |   |   |   |   |
| Major remodels                            |   |               | 4      |   |   |   | 3 |   |
| Store expansions                          |   |               | 6      |   |   |   | 3 |   |
| Game enhancements                         |   |               | 48     |   |   |   | 25 |   |
| Total completed                           |   |               | 58     |   |   |   | 31 |   |
|                                      |   |               |   |   |   |   |   |   |
| Company stores added                      |   |               | 1      |   |   |   | - |   |

----

| • | a consolidated fixed charge coverage ratio of not less than 1.5 to 1.0, based upon  the  ratio  of (a) consolidated  EBITR (as defined in the revolving credit facility agreement) for the last four fiscal quarters to (b) the sum  of consolidated  interest  charges  plus consolidated rent expense during  such  period. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | a consolidated leverage ratio of not greater than 3.0 to 1.0, based upon  the  ratio  of (a) the quarter-end consolidated funded indebtedness (as defined in the revolving credit facility agreement) to (b) consolidated EBITDA (as defined in the revolving credit facility agreement) for the last four fiscal quarters. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                           |   | Completed Through |   |   | Projection for Remainder of |   |   | Projected Completions |    |   | Estimated     |   |
|----------------------------------------------------------------|--------|-------------------|--------|--------|-----------------------------|--------|--------|-----------------------|---------|--------|---------------|--------|
|                                                           |   | First Quarter     |   |   | Fiscal Year                 |   |   | Fiscal Year           |    |   | Average Cost  |   |
|                                                           |   | 2010              |   |   | 2010                        |   |   | 2010                  |    |   | Per Project   |   |
|                                                           |   |              |   |   |                        |   |   |                  |    |   | (in millions) |   |
| Investment in existing Company-owned stores:                   |   |              |   |   |                        |   |   |                  |    |   |          |   |
| Major remodels                                                 |   |              | 4      |   |                        |   | 12     |                  |    |   | 16            |   |   |   | $0.6 |   |
| Store expansions                                               |   |              | 6      |   |                        |   | 27     |                  |    |   | 33            |   |   |   | $1.0 |   |
| Game enhancements                                              |   |              | 48     |   |                        |   | 138    |                  |    |   | 186           |   |   |   | $0.1 to $0.2 |   |
| Total                                                          |   |              | 58     |   |                        |   | 177    |                  |    |   | 235           |   |   |   |   |   |
|                                                           |   |              |   |   |                        |   |   |                  |    |   |          |   |   |   |   |   |
| New Company store development and franchise store acquisitions |   |              | 1      |   |                        | 6      |   |                  |  7 |   |          |   | $2.4 to $2.6 |   |

----

|                                                           |   | Projected Completions |   |   | Actual Completions |   |   | Increase    |   |
|----------------------------------------------------------------|--------|-----------------------|--------|--------|--------------------|--------|--------|-------------|--------|
|                                                           |   | Fiscal Year           |   |   | Fiscal Year        |   |   | Over Prior  |   |
|                                                           |   | 2010                  |   |   | 2009               |   |   | Fiscal Year |   |
|                                                           |   |                  |   |   |               |   |   |        |   |
| Investment in existing Company-owned stores:                   |   |                  |   |   |               |   |   |        |   |
| Major remodels                                                 |   |                  | 16     |   |               |   | 9      |        |   |   | 7 |   |
| Store expansions                                               |   |                  | 33     |   |               |   | 26     |        |   |   | 7 |   |
| Game enhancements                                              |   |                  | 186    |   |               |   | 125    |        |   |   | 61 |   |
| Total                                                          |   |                  | 235    |   |               |   | 160    |        |   |   | 75 |   |
|                                                           |   |                  |   |   |               |   |   |        |   |   |   |   |
| New Company store development and franchise store acquisitions |   | 7                     |   |   |               | 3      |   |        | 4      |   |

----

| ·   | Changes in consumer discretionary spending and general economic conditions; |
|--------------------|-----------------------------------------------------------------------------|

| ·   | Disruptions in the financial markets affecting the availability and cost of credit and our ability to maintain adequate insurance coverage; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Our ability to successfully implement our business development strategies; |
|--------------------|----------------------------------------------------------------------------|

| ·   | Costs incurred in connection with our business development strategies; |
|--------------------|------------------------------------------------------------------------|

----

| ·   | Competition in both the restaurant and entertainment industries; |
|--------------------|------------------------------------------------------------------|

| ·   | Loss of certain key personnel; |
|--------------------|--------------------------------|

| ·   | Increases in food, labor and other operating costs; |
|--------------------|-----------------------------------------------------|

| ·   | Changes in consumers’ health, nutrition and dietary preferences; |
|--------------------|------------------------------------------------------------------------|

| ·   | Negative publicity concerning food quality, health, safety and other issues; |
|--------------------|------------------------------------------------------------------------------|

| ·   | Continued existence or occurrence of certain public health issues; |
|--------------------|--------------------------------------------------------------------|

| ·   | Disruption of our commodity distribution system; |
|--------------------|--------------------------------------------------|

| ·   | Our dependence on a few global providers for the procurement of games and rides; |
|--------------------|----------------------------------------------------------------------------------|

| ·   | Adverse affects of local conditions, events and natural disasters; |
|--------------------|--------------------------------------------------------------------|

| ·   | Fluctuations in our quarterly results of operations due to seasonality; |
|--------------------|-------------------------------------------------------------------------|

| ·   | Conditions in foreign markets; |
|--------------------|--------------------------------|

| ·   | Risks in connection with owning and leasing real estate; |
|--------------------|----------------------------------------------------------|

| ·   | Our ability to adequately protect our trademarks or other proprietary rights; |
|--------------------|-------------------------------------------------------------------------------|

| ·   | Government regulations, litigation, product liability claims and product recalls; |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | Disruptions of our information technology systems; |
|--------------------|----------------------------------------------------|

| ·   | Application of and changes in generally accepted accounting principles; and |
|--------------------|-----------------------------------------------------------------------------|

| ·   | Failure to establish, maintain and apply adequate internal control over financial reporting. |
|--------------------|----------------------------------------------------------------------------------------------|

ITEM 3

----

ITEM 4.

----

 
ITEM 1

ITEM  1A.

ITEM  2

| Issuer Purchases of Equity Securities |   |
|---------------------------------------|--------|
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Period                                |   | Total Numberof Shares Purchased(1) |   |   | AveragePrice PaidPer Share(1) |   |   | Total Number of Shares Purchased As Part of Publicly Announced Plans or Programs |   |   | Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs(2) |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| January 4 – January 31, 2010    |   |   | 2,156 |   |   | $ | 32.68 |   |   |   | - |   |   | $ | 218,758,993 |   |
| February 1 – February 28, 2010  |   |   | 74,254 |   |   | $ | 35.23 |   |   |   | - |   |   | $ | 218,758,993 |   |
| March 1 – April 4, 2010         |   |   | 454,885 |   |   | $ | 37.27 |   |   |   | 453,859 |   |   | $ | 201,842,997 |   |
| Total                                 |   |   | 531,295 |   |   | $ | 36.97 |   |   |   | 453,859 |   |   | $ | 201,842,997 |   |

|  (1) | For the periods ended January 31, February 28 and April 4, 2010, the total number of shares purchased included 2,156 shares, 74,254 shares and 1,026 shares, respectively, tendered by employees at an average price per share of $32.68, $35.23 and $37.67, respectively, to satisfy tax withholding requirements on the vesting of restricted stock awards, which are not deducted from shares available to be purchased under our share repurchase program. Shares tendered by employees to satisfy tax withholding requirements were considered purchased at the closing price of our common stock on the date of vesting.      |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  (2) |   We may repurchase shares of our common stock under a plan authorized by our Board of Directors (the “Board”).  On July 25, 2005, the Board approved a stock repurchase program which authorized us to repurchase from time to time up to $400 million of our common stock and authorized a $200 million increase on October 22, 2007 and a $200 million increase on October 27, 2009. The stock repurchase program, which does not have a stated expiration date, authorizes us to make repurchases in the open market, through accelerated share repurchases or in privately negotiated transactions. |

----

ITEM  6.

| Exhibit Number |   | Description                                                                                                                                                                                                                                                                                                                             |
|----------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.1            |   | Second Restated Articles of Incorporation of CEC Entertainment, Inc. (the “Company”) dated May 4, 2010 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Securities and Exchange Commission (the “Commission”) on May 6, 2010) |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.2            |   | Amended and Restated Bylaws of the Company dated May 4, 2010 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on May 6, 2010)                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 4.1            |   | Specimen form of Certificate representing $.10 par value Common Stock (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 10-Q (File No. 001-13687) as filed with the Commission on October 29, 2009)                                                                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.1 §    |   | Michael H. Magusiak 2010 Employment Agreement dated February 23, 2010 by and between Michael H. Magusiak and the Company (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on March 1, 2010)                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.2 §    |   | Richard M. Frank 2010 Employment Agreement dated February 23, 2010 by and between Richard M. Frank and the Company (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on March 1, 2010)                                                     |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 31.1*          |   | Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 31.2*          |   | Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 32.1*          |   | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                       |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 32.2*          |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                       |

----

SIGNATURES

|   |   | May 6, 2010 | By:    | /s/ Michael H. Magusiak                                             |
|--------|--------|-------------|--------|---------------------------------------------------------------------|
|   |   |        |   | Michael H. Magusiak                                                 |
|   |   |        |   | President and Chief Executive Officer (Principal Executive Officer) |
|   |   |        |   |                                                                |
|   |   | May 6, 2010 |   | /s/ Christopher D. Morris                                           |
|   |   |        |   | Christopher D. Morris                                               |
|   |   |        |   | Executive Vice President, Chief Financial Officer and Treasurer     |
|   |   |        |   | (Principal Financial Officer)                                       |
|   |   |        |   |                                                                |
|   |   | May 6, 2010 |   | /s/ Darin E. Harper                                                 |
|   |   |        |   | Darin E. Harper                                                     |
|   |   |        |   | Vice President, Controller                                          |
|   |   |        |   | (Principal Accounting Officer)                                      |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |
|   |   |        |   |                                                                |

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| Exhibit Number |   | Description                                                                                                                                                                                                                                                                                                                             |
|----------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.1            |   | Second Restated Articles of Incorporation of CEC Entertainment, Inc. (the “Company”) dated May 4, 2010 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Securities and Exchange Commission (the “Commission”) on May 6, 2010) |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 3.2            |   | Amended and Restated Bylaws of the Company dated May 4, 2010 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on May 6, 2010)                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 4.1            |   | Specimen form of Certificate representing $.10 par value Common Stock (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 10-Q (File No. 001-13687) as filed with the Commission on October 29, 2009)                                                                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.1 §    |   | Michael H. Magusiak 2010 Employment Agreement dated February 23, 2010 by and between Michael H. Magusiak and the Company (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on March 1, 2010)                                               |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 10.2 §    |   | Richard M. Frank 2010 Employment Agreement dated February 23, 2010 by and between Richard M. Frank and the Company (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K (File No. 001-13687) as filed with the Commission on March 1, 2010)                                                     |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 31.1*          |   | Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 31.2*          |   | Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 32.1*          |   | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                       |
|           |   |                                                                                                                                                                                                                                                                                                                                    |
| 32.2*          |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                       |

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