Park News
Park World News in association with
rkworld-online.c
Triotech announces ride for new park in Saudi Arabia
T
riotech has announced that its largest ever interactive dark ride will be installed at the new Six Flags Qiddiya City park in Saudi
Arabia. The ride, named Into The Deep, will feature exclusive media content developed entirely by installed at the new Six Flags Qiddiya City park, which is currently under construction and will be the first Six Flags park designed and built outside of North America. Planned to reside in the Discovery Springs area
of the park, the experience will span more than 26,000sq.ft. In the attraction, guests will undertake an underwater expedition, riding side-by-side in four person vehicles that feature fast rotation and acceleration. Nine different scenes will immerse riders in the story with numerous special effects. Ernest Yale, president and CEO of Triotech, said:
and our proven track record in providing turnkey attractions positioned us to help deliver a unique ride for Six Flags Qiddiya City, Saudi Arabia.
Six Flags Qiddiya City will cover more than 320,000sq.m and will feature 28 different rides
and attractions. It is part of the wider Qiddiya City project which aims to bring entertainment, sports and culture together in one city under Saudi
Six Flags and Cedar Fair Anticipate Imminent Merger Completion their previous financial reports.
T
he merger between amusement park giants Six Flags and Cedar Fair is on track to be finalised shortly, as confirmed by both companies in their recent financial updates. Six Flags shareholders gave a resounding approval to the merger with Cedar Fair in March, and the companies are confident that the transaction will be completed within the first half of the year, echoing
In Cedar Fair's latest financial statement, President and CEO Richard Zimmerman expressed satisfaction with the merger's progress, stating: "We are pleased that Six Flags shareholders overwhelmingly approved the merger-of-equals transaction, which we remain confident will conclude before the end of the second quarter."
Zimmerman also highlighted positive feedback from
that our recent refinancing transactions were very well received by the credit markets, validating the strong financial profile and compelling growth opportunities Both companies are collaborating with the U.S. Department of Justice (DOJ) as it reviews the merger, Zimmerman noted. "Teams from both companies are diligently working on the initial phases of a joint integration plan, which will enable us to fully realize the strategic benefits of this merger once it is completed," he added.
In terms of financial performance, Six Flags reported first-quarter revenue of $133 million, marking a 6 percent decrease from the same period last year, despite a 6 percent rise in park attendance. Cedar Fair, on the other hand, reported a record first-quarter revenue of $102 million, reflecting a 20 percent increase, with attendance up by 27 percent, reaching 1.3 million guests. Upon completion of the merger, the combined entity will boast an enterprise value of approximately $8 billion and will manage 42 amusement parks and 9 resort properties across 17 U.S. states, Canada, and Mexico.
12 MAY 2024
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56
