Six Flags selling parks!

[coasterfreak]

Hi Everyone, Looks like Six Flags is selling Worlds Of Adventure to Cedar Fair, the operators of Cedar Point and Knott's Berry Farm. They have also sold their European parks except for Movie World Madrid to private investors. http://www.cedarfair.com/index2.cfm Reuters via Yahoo! Neil

[joz]

Now that has got to be the craziest peice of news I've seen for ages. Be interesting to see who bought the Europe parks.

[Richard]

Wow, that's some unexpected news. In regards to the Six Flags Worlds of Adventure sale... if you can't beat 'em, join 'em, right?

[GoGoBoy]

I was reading info about the World of Adventure purchase and apparantley the park gets an average of 1.5 million visitors each year and $16 million in profit. The park has 10 roller coasters, lots of other attractions, a water park and 'several' childrens areas. Therefore their running costs would be very high yet they still make a good profit. The majority of our Aussie theme parks get similar visitation levels... so why don't our parks also have 10 coasters each and several childrens areas??? We have nothing of that sort. It doesn't make sense to me. Dreamworld gets close to 1.5 mill guests each year. Can someone explain this?

[pyro_man]

If you look at the price of dream world and the price of one the six flags parks there is a differanc and they all close for winter.

[Richard]

Yes, don't forget that Worlds of Adventure only has around a six month operating period whereas our parks operate year-round. That effectively halfs the operating costs. SFWoA is underperforming, that's why they only have 1.5 million guests per year, which is up on a few years ago. Six Flags underestimated the effect that Cedar Point has on the area and tried to go all out installing many very nice and shiny rides, proving that rides don't mean everything (Six Flags as a whole proves this point as well). They were expecting to gain market share - essentially take Cedar Point guests away from Cedar Point - but this didn't succeed. My point is that SFWoA's collection of 10 roller coasters and other attractions isn't normal. It is the result of huge expenditure which is abnormal for a park of its size in the Six Flags chain, and ultimately proved unsuccessful. Six Flags cut their losses and are doing what's in the best interest of the shareholders by selling it.

[rappa]

Actoaly from what I heer the real reeson for teh sale of the park is oa thay can undertak a major internation investment. It looks like the sic flags has decided to capitolise the whole in the market that will soon be created when Wodnerland Sydniy closes next month. The chain plans to open a new park in the Sidney area within the next 18 to 24 months with a host of brrand new atracctions. We will be getin 3 new B&Ms as well as a big Woodie and someting from Intamin. I cant wait its like my dreams have come true!! Yours Trueley shifty mc shift.

[Psycho]

Now now, let's not get catty

[Bussy]

Brilliant post Dj, I thought you had been with Jack, Jim and the Turkey and then I saw the sign off. I LMAO. "The Bus is now leaving for Drunken Gully, South Austraila"

[Belgian]

Guess who bought the European parks... ...Warner Bros. !! This is news from heaven. Our beloved MovieWorld will become a true Warner park again. With maintenance !

[joz]

Wonder if its the same arm that owns our park? When did this come out?

[screammachine]

Hey Belgian. Does that mean Six Flags Holland is back to Wallibi Flevo again??? Or does it fall under the name of Wallibi Flevo? Screammachine