Cirque du Soleil announced Monday it is filing for bankruptcy protection as the coronavirus pandemic continues to rattle the world.
The entertainment group is working to “restructure its capital structure,” according to a statement. Its application will be heard by the Superior Court of Quebec on Tuesday. Once given this initial order, it will file for Chapter 15 bankruptcy protection in the U.S.
Cirque du Soleil is an institution on the Las Vegas Strip, with its pricey, mesmerizing shows high on visitors’ vacation agendas. The company had six shows operating in major Las Vegas casino hotels when coronavirus crushed travel and closed casinos for nearly three months: “O,” “Zumanity,’” “The Beatles LOVE,” “Ka,” “Mystere,” and “Michael Jackson ONE.”
Major shows like Cirque have not reopened in Las Vegas under the state’s guidelines covering large crowds. Cirque shut down its shows in Las Vegas and across the world on March 14.
Read the source article at USA TODAY
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