SeaQuest Files for Bankruptcy Amid Allegations

SeaQuest, a controversial chain of mall-based aquariums, has filed for Chapter 11 bankruptcy amidst allegations of poor animal welfare and financial mismanagement. The company has faced significant criticism from animal rights groups like PETA and the Humane Society, citing numerous violations of the Animal Welfare Act and unsafe conditions for animals and visitors. SeaQuest's financial troubles include a dramatic revenue drop from $27 million in 2022 to $15 million in 2024, with liabilities exceeding $10 million and unpaid rents at several locations. Despite these issues, five SeaQuest locations remain open, including Roseville, Minnesota, where there is an ongoing investigation by state authorities. Former CEO Vince Covino resigned in August, and his leadership, along with his brother's involvement, has been questioned due to past legal issues in animal trafficking. The bankruptcy filing allows SeaQuest to continue operations while attempting to reorganize and address its financial obligations.