UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 12b-25
                          NOTIFICATION OF LATE FILING
                                                      SEC File Number: 001-12665
                                                            CUSIP Number: 008190

(Check One): |X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form
 10D |_| Form N-SAR |_| Form N-CSR

For Period Ended: December 31, 2006
 |_|  Transition  Report  on Form  10-K
 |_|  Transition  Report  on Form 20-F
 |_|  Transition Report on Form 11-K
 |_|  Transition Report on Form 10-Q
 |_|  Transition Report on Form N-SAR
For the Transition Period Ended:
     Nothing in this form shall be  construed to imply that the  Commission  has
     verified any information contained herein. If the notification relates to a
     portion of the filing  checked  above,  identify  the  Item(s) to which the
     notification relates: N/A
Part I - Registrant Information

Full Name of Registrant:                          CEC Entertainment, Inc.
Former Name if Applicable:                        ShowBiz Pizza Time, Inc.
Address of Principal Executive Office
(Street and Number):                              4441 W. Airport Freeway

City, State and Zip Code:                         Irving, Texas 75062



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Part II - Rules 12b-25(b) and (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate)
     (a) The reasons  described  in  reasonable  detail in Part III of this form
     could not be eliminated without unreasonable effort or expense;
|_|  (b) The subject annual report,  semi-annual  report,  transition  report on
     Form 10-K,  Form  20-F,  Form 11-K,  Form N-SAR or Form  N-CSR,  or portion
     thereof,  will be filed on or before the  fifteenth  calendar day following
     the  prescribed  due date;  or the subject  quarterly  report or transition
     report on Form 10-Q or subject distribution report on Form 10-D, or portion
     thereof,  will be filed on or before the fifth  calendar day  following the
     prescribed due date; and
     (c) The accountant's  statement or other exhibit required by Rule 12b-25(c)
     has been attached if applicable.

Part III - Narrative

     State below in reasonable  detail why Forms 10-K,  20-F,  11-K, 10-Q, 10-D,
N-SAR,  N-CSR, or the transition  report or portion thereof,  could not be filed
within the prescribed time period.

     The  Company  has  announced  that its  Audit  Committee  has  completed  a
previously  announced  review of the Company's stock option  granting  practices
during the period from 1989 through 2005.  While the review found no evidence of
fraud or intentional misconduct, the review did find that administrative errors,
record-keeping  deficiencies  and other  defects  in the stock  option  granting
process  resulted in the measurement  dates for certain stock option grants,  as
defined for  accounting  purposes,  differing  from the recorded grant dates for
such awards.  The Company and the Audit Committee reviewed  accounting  guidance
regarding stock option  granting  practices  recently  published by the SEC, and
determined the appropriate  accounting  measurement dates, as well as the amount
of  compensation  charges,  and the  resulting  accounting  and tax impact.  The
Company  announced  on  November  13,  2006,  its plans to  restate  prior  year
financial statements. The Company also announced that investors should no longer
rely on the Company's historical financial statements or on related reports from
the Company's  registered  independent  public  accounting  firm. The Company is
working  diligently  to complete  the  restatement  of its prior year  financial
statements and the  completion of its current year financial  statements not yet
issued.  The Company  will file an amended  annual  report for the period  ended
January 1, 2006;  an amended  quarterly  report for the  quarter  ended April 2,
2006; quarterly reports for the second and third quarters ended July 2, 2006 and
October 1, 2006, respectively,  and an annual report for the year ended December
31, 2006, as soon as practicable.

     As a result,  the  Company  will  delay the filing of its Form 10-K for the
year ended  December 31, 2006.  The Form 10-K is not expected to be filed by the
extended deadline.

Part IV - Other Information

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification

    Christopher D. Morris              (972)                  258-4525
           (Name)                   (Area Code)          (Telephone Number)

     (2) Have all other periodic  reports  required under Section 13 or 15(d) of
the Securities  Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940  during the  preceding  12 months or for such  shorter  period  that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).
                                                             |_| Yes      |X| No

     FORM 10-Q FOR THE QUARTER ENDED JULY 2, 2006
     FORM 10-Q FOR THE QUARTER ENDED OCTOBER 1, 2006

     (3) Is it anticipated that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
                                                             |X| Yes      |_| No
     If so: attach an explanation of the anticipated  change,  both  narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.

     As stated in Part III above, due to the Company's  continuing review of its
stock  option  granting  practices,  the  Company  requires  additional  time to
complete and to determine the extent of  corrections  required to its previously
reported financial results.  Accordingly,  the Company is unable to estimate the
amount of any changes to the results of its operations for the fiscal year ended
December 31, 2006 compared to prior years.





     This Form 12-b-25 contains forward-looking statements that are based on the
Company's current expectations. Such statements include, but are not limited to,
plans,  projections  and  estimates  regarding (1) the results and effect of the
Company's  review  of its  stock  option  granting  practices  and  the  related
accounting  treatment,  and (2)  timing  of the  completion  and  filing  of the
Company's  quarterly reports on Form 10-Q for the periods ended July 2, 2006 and
October  1,  2006,  and its  annual  report  on Form 10-K for the  period  ended
December 31, 2006. Should one or more of the risks or uncertainties materialize,
or should  underlying  assumptions  prove  incorrect,  actual  results  may vary
materially from those expected.  More  information  about potential risk factors
which could affect the Company's  results is included in the  Company's  filings
with the SEC.


                             CEC Entertainment, Inc.
                (Name of the Registrant as Specified in Charter)
has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.

Date: March 1, 2007                         By: /s/ Christopher D. Morris
                                                --------------------------------
                                                Christopher D. Morris
                                                Executive Vice President and
                                                Chief Financial Officer