Everything posted by RossL
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How to fix Dreamworld
Even 3 months would be ridiculous. They're not losing money on operations. Unless you're mothballing the entire park you wouldn't even close it for a week. For mine they really just need to take a massive swing with a high quality coaster-dump $30M+ into and swing for the fences on a single great ride. And once you open that coaster then you can sell a vision about the future. The little fixes or maintain what they've got is not cutting it-I wouldn't worry about repainting facades. If that means they have to axe ToT and HWSW to save on operational costs then do it. They don't need to be the greatest park in the world, they just need something that is really good. Their current line-up is all thoroughly average to poor, Giant Drop may be the one exception although it clearly has operational issues as well.
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Sea World to launch new Thunder Lake Stunt Show
Better or worse than HWSD 2?
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What's gone wrong with SkyVoyager?
It is called Central Park.
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Dreamworld mismanagement reaches fever pitch with tone-deaf Wipeout closure
Well they have a cost saving target of $5M to reach, which presumably reduces head count by a fairly sizeable number.
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Someone is coming to Dreamworld
Well it is clearly better than $100K worth of flowers as suggested a few weeks ago.
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Someone is coming to Dreamworld
Preferably to vanish Wipeout and ToT.
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Someone is coming to Dreamworld
Cosentino...based of Dreamworld's recent follows on Instragram.
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Wipeout is closed for good (retired)
At least they're not just going to drape shade cloth over the ride structure. That would be the real cheapo way to do it. Right decision though-they don't need to replace immediately for mine, close another couple and then build something new.
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The Off Topic Topic
That one is being refurbished to be a hybrid.
- Dreamworld Neon Nights Returns
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What's gone wrong with SkyVoyager?
Previous one left in January, same for the CFO according to LinkedIn. So clearly a few management changes which is generally not a good sign.
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What's gone wrong with SkyVoyager?
Artificial ones don't need sunlight.
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Sea World to launch new Thunder Lake Stunt Show
It honestly has a low bar to clear to be better than the previous jet ski show and better than the other current performances at Sea World. Although I haven't watched Paw Patrol, maybe that is a high bar? If it is not better than the current seal show, it is a fail.
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Village Roadshow CEO: Dreamworld is no longer a competitive factor
Revenue for the GC Parks. EBITDA for GC Parks is still down about $1.5M on two years ago. EBITDA for the Theme Parks division is still down about $2M on two years ago.
- Ardent Leisure Group HY19 Financial Results
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Village Roadshow CEO: Dreamworld is no longer a competitive factor
Total Revenue is up by $9M, which is up $4M over two years prior and expenses are up $5.5M on two years prior. So no, they're not terrifically more profitable than two years ago. They've increased revenue 6% which would be impressive if they could do it for years to come. (And pretty conveniently have a park up the road offering less competition than expected which is a short term win and a long term loss.) If ticket revenue is up 27%, the rest of the business has not done much differently. Ticket sales down 5%, admissions down 8%. Admissions down 16% on three year ago. Probably works out to be tickets have gone from $40 to $50M while the rest is flat. That does imply average in-park spend to be up though. Still count me as surprised they didn't get nervous earlier and discount things and on that front I was wrong.
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<Park Name> Maintenance 2019-2035
Agreed. I also have no problem with people just reporting it in a thread, so when it gets to be two months later and a ride is still closed daily it is clearly known when it started. If you don't like the thread don't read it and don't comment on every post. Simple.
- Dreamworld reduces operating hours
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Sky Voyager Discussion
The EGM Marketing and Communications, who was last quoted about Sky Voyager, is no longer there apparently.
- Dreamworld reduces operating hours
- Dreamworld reduces operating hours
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Sea World closed today
Fair enough, selling power back into the grid must be rare then (only at peak prices), as it generally wouldn't make sense. Whatever the case AW is no better than Sea World, as they clearly can't power the entire park on their generators alone either. And not sure how traditional power generators are really "future-proofing" either.
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Sea World closed today
It sounds like it is solar without batteries at AW. So probably not remotely a solution for Sea World...
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'Actions speak louder than words': Dreamworld is still a decaying, unreliable theme park
Don't visit but also don't see investment around the park. Article covers off most of what is not being invested in. SkyVoyager is the only major investment. I just don't understand why they haven't made the painful decision to take out a few of their ageing rides. I think it would actually be a signal that they're serious and not just giving lip service to their issues. I'd prefer them to take out three rides, rather than just install a new one.
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Sky Voyager Discussion
Well, what are you claiming they made?