QuartersEntertainment

QuartersEntertainment was a arcade chain that had over 20 locations mostly in malls and also standalone buildings.
== History ==
The chain first started in 1980, after Husen Diller, discovered the popularity of Tilt arcades across the United States, so he decided open his very own Tilt arcade at his hometown shopping center, but Craig Singer didn't allow him to open up his location under the Tilt name, so he formed a partnership with QET Corp to have a best name for his first location, and the company chosed Quarters Entertainment for the name of his arcade, and he approved it. The first location finally opened up in May 1980.
Following the video game crash of 1983, Diller sold the company to a group of former employees of Midway Manufacturing and Atari Inc, and started opening up a few more locations until it went bankrupt in 1985.
In 1985, following the bankruptcy of Quarters Entertainment, Singer family made an $200 investment of the chain, to help it emerge from bankruptcy, but in 1987, the family sold the chain to The Matchboxtown Company, and the company announced major changes to the chain, which is start opening up standalone locations, especially open up locations in travel centers. In 1990, the company purchased several locations of Clubhouse Family Fun Center chain which was under financial issues by that time, and subsequently converted the locations into Quarters Entertainment. In early 1991, the pronunciation was changed into QuartersEntertainment. That same year, its parent company, The Matchboxtown Company, was purchased by The Swain Company, and QuartersEntertainment was placed ownership under the new company. Around that same time, Swain announced that most if not all owned malls will be receiving new QuartersEntertainment locations.
In 1995, due to debt issues, The Swain Company sold the chain to a consortium of Nickels and Dimes Incorporated, Burroughs and Chapin, and QCE Equity, an affiliate of Goldman Sachs. Shortly after, the 2 companys began dissolving the locations, and as of 2019, the only location is located at Fairview Mall in Ace, North Carolina, and which, the trademark is now owned by Nickels and Dimes Incorporated.
Category:Companies based in Richardstown, North Carolina
Category:Arcades