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Theme park


Dinosaur theme park opens its doors in Australia


Palmersaurus – a dinosaur theme park – has opened within the grounds of the Palmer Coolum Resort in Queensland, Australia. Te park was funded by Clive Palmer, the


Australian billionaire who is also behind plans to launch a replica of the Titanic. It contains 160 dinosaur models, some ani- matronic, ranging from 2.5m (8.2ſt) to 22m (72.1ſt) in length and up to 10m (32.8ſt) high. Australia Zoo owner Terri Irwin (see


profile in Attractions Management Vol 18, Issue 3 2013), who helped to officially open the park, praised the ambitious project and said it would bring massive tourism benefits to Queensland’s Sunshine Coast. Details: http://lei.sr?a=j3Q6v


Grand Texas Theme Park gets opening date


Plans to bring a massive entertainment complex and theme park in Houston, Texas, US have taken a step forward aſter an opening date of Q1 2015 was set. Te new complex will con-


sist of Grand Texas Theme Park, Big Rivers Waterpark, Downtown Texas, Wakeboard Lake, Baseball Stadium, hotels and a concert and event center. The US$118m (£76m, €88.8m) Grand Texas Teme Park will include not only a theme park, but also a water park, amphitheatre and paint- ball arena. Also included will be an equestrian centre. Big Rivers Water Park should


open for Q1 2015 and Grand Texas Teme Park in Q3 2015 with hotels and other accommo- dations coming online sometime between those two dates.


Te US$118m (£76m, €88.8m) Grand Texas Teme Park opens in 2015 Park representatives have


said that they are looking into incorporating the design into the natural setting. Te Montgomery tract, located in New Cairny is the site slated for construction. Additional developments


including restaurants would add a further US$95m bring- ing estimates up to around US$220m. The project is


slated to create more than 2,000 long-term jobs and more than 1,600 jobs dur- ing the construction phases. The Grand Texas Park is designed by US-based firm BDR Design Group, which most recently worked with entertainment franchise Rovio on Angry Birds Land Sarkanniemi in Finland. Details: http://lei.sr?a=K5G8j


Six Flags expands share repurchase plans More than US$300m is being invested into the park


Construction starts on Fox World in Malaysia


In a groundbreaking ceremony in December, Twentieth Century Fox Consumer Products revealed its Malaysian theme park will be called Twentieth Century Fox World. Te attractions giant is undertaking the


project in partnership with developer Genting Malaysia and it is slated to open in 2016. More than $300m is being invested in


the 25 acre resort to create an immersive visitor experience, representing charac- ters and stories from Fox properties, such as Ice Age, Rio, Predator and Night at the Museum. Experiences will include a mix of media-based rides, thrill rides, dark rides, children’s rides and water rides. Tere will be associated shops and themed F&B outlets. “Being the first of its kind in the world,


Twentieth Century Fox World will be built on a grand scale that consists of unique and creative concepts featuring more than 25 rides and attractions of a cinematic nature,” said chair and chief executive of Genting Malaysia, Tan Sri Lim Kok Tay. Details: http://lei.sr?a=b7h2Q


12


Six Flags Entertainment Corporation has announced that its board of directors has approved a plan to allow the company to repurchase an incremental US$500m (£307m, €367m) of its stock. Since February 2011, the


theme park company has repurchased nearly $800m (£491m, €588) worth of its own stock. “Our Board of Directors


and management team are confident in the company’s future growth prospects and our ability to generate strong recurring cashflow,” said Jim Reid-Anderson, chairman, president and chief executive officer at Six Flags. “In addition to our solid


operational performance and nearly five percent divi- dend yield, an expansion of our stock repurchase plan provides us yet another way to deliver value for our shareholders.” Six Flags owns 18 regional theme parks across


the United States, New Mexico


Six Flags will repurchase an additional US$500m of its own stock


and Canada. The company is responsible for US$1.1bn (£675m, €801m) in revenue and has been in existence for over 50 years. Six Flags continues to


expand into 2014 with its new thrill rides Zumanjaro: Drop of Doom and New England SkyScreamer, which will break height records. In addition the new Goliath


Read Attractions Management online attractionsmanagement.com/digital


ride is being billed as the tallest, fastest, and steep- est wooden rollercoaster in the world and will take rid- ers up a 165ſt (50m) liſt hill, then plunge them down a 180 ſt (54m), 85 degree drop. Construction on the


coaster began in September 2013. The ride is slated to open late May 2014. Details: http://lei.sr?a=6X5X7


AM 1 2014 ©cybertrek 2014


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