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NEWS
'No restriction' on ability to add new parks, says Six Flags president
POSTED 26 Jul 2018 . BY Tom Anstey
Six Flags has 11 theme and waterpark projects under development in China Credit: Six Flags

We won't add parks or announce parks until we feel comfortable that we are adding in the right places and with the right people, but our team is ready in the event that we add more
– Jim Reid-Anderson
Jim Reid-Anderson, chair, president and CEO of Six Flags, has said there is "no restriction" on the operator's ability to develop and acquire new theme parks worldwide, as it goes through one of the largest periods of growth in company history.

Six Flags is currently undergoing significant expansion, both overseas and in the US, with 12 park projects under development overseas and a further five US parks acquired in May.

Speaking during an earnings call after reporting record revenues for the first half of the year, Anderson said there was unlimited potential for expansion.

"We have a process that we go through to make sure that we've got the right sites and the right partners," he said. "We won't add parks or announce parks until we feel comfortable that we are adding in the right places and with the right people. But our team is ready in the event that we add more. There is no restriction on our ability to add parks."

In the last quarter, Six Flags entered into new international licensing agreements to build a Six Flags-branded park in Saudi Arabia and four new parks in Nanchang, China. For its overseas developments, Six Flags has been operating under a franchise model, offering the company a low-cost option to expand its business.

"Our international licensing program is growing exponentially and providing additional diversification to our portfolio," said Reid-Anderson. "The opportunity for future growth remains very compelling."
RELATED STORIES
  Six Flags breaks more records as operator reports first-half revenues


Six Flags continues to top itself, after recording record revenues for the first half of the year, as the operator closes in on a ninth consecutive year of record financial performance.
  Snapchat partners Disney, Universal and Six Flags on in-park augmented reality


The popular multimedia messaging app Snapchat has unveiled brand new augmented reality experiences for visitors to some of the US’ biggest theme parks.
  Six Flags ups China game with 11th park announcement


Six Flags continues to make its mark on China, with the operator announcing plans for an 11th theme park project in the country.
  Six Flags acquires five new US parks


Six Flags is expanding its US reach, announcing the acquisition of five new parks to bring its North American portfolio up to 25 properties.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
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NEWS
'No restriction' on ability to add new parks, says Six Flags president
POSTED 26 Jul 2018 . BY Tom Anstey
Six Flags has 11 theme and waterpark projects under development in China Credit: Six Flags
We won't add parks or announce parks until we feel comfortable that we are adding in the right places and with the right people, but our team is ready in the event that we add more
– Jim Reid-Anderson
Jim Reid-Anderson, chair, president and CEO of Six Flags, has said there is "no restriction" on the operator's ability to develop and acquire new theme parks worldwide, as it goes through one of the largest periods of growth in company history.

Six Flags is currently undergoing significant expansion, both overseas and in the US, with 12 park projects under development overseas and a further five US parks acquired in May.

Speaking during an earnings call after reporting record revenues for the first half of the year, Anderson said there was unlimited potential for expansion.

"We have a process that we go through to make sure that we've got the right sites and the right partners," he said. "We won't add parks or announce parks until we feel comfortable that we are adding in the right places and with the right people. But our team is ready in the event that we add more. There is no restriction on our ability to add parks."

In the last quarter, Six Flags entered into new international licensing agreements to build a Six Flags-branded park in Saudi Arabia and four new parks in Nanchang, China. For its overseas developments, Six Flags has been operating under a franchise model, offering the company a low-cost option to expand its business.

"Our international licensing program is growing exponentially and providing additional diversification to our portfolio," said Reid-Anderson. "The opportunity for future growth remains very compelling."
RELATED STORIES
Six Flags breaks more records as operator reports first-half revenues


Six Flags continues to top itself, after recording record revenues for the first half of the year, as the operator closes in on a ninth consecutive year of record financial performance.
Snapchat partners Disney, Universal and Six Flags on in-park augmented reality


The popular multimedia messaging app Snapchat has unveiled brand new augmented reality experiences for visitors to some of the US’ biggest theme parks.
Six Flags ups China game with 11th park announcement


Six Flags continues to make its mark on China, with the operator announcing plans for an 11th theme park project in the country.
Six Flags acquires five new US parks


Six Flags is expanding its US reach, announcing the acquisition of five new parks to bring its North American portfolio up to 25 properties.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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