Vietnam on hold and Saudi Arabia imminent as Six Flags CEO hints at further international expansion plans | attractionsmanagement.com news
GET ATTRACTIONS MANAGEMENT
magazine
Yes! Send me the FREE digital edition of Attractions Management and the FREE weekly Attractions Management ezines and breaking news alerts!
Not right now, thanksclose this window
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Company profilesProfiles   Magazine   Handbook   Advertise  
NEWS
Vietnam on hold and Saudi Arabia imminent as Six Flags CEO hints at further international expansion plans
POSTED 27 Apr 2017 . BY Tom Anstey
Speaking during Six Flags’ first quarter earnings call, Duffey was optimistic of further new deals being inked overseas Credit: Shutterstock.com
Six Flags CEO John Duffey has revealed new details about the company’s international dealings, hinting at further announcements in 2017 while also offering updates on the operator’s blossoming Saudi Arabia deal and stuttering Vietnam project.

In February, Six Flags announced a second Chinese licensing location in Bishan, consisting of a theme park and waterpark, bringing the total number of overseas Six Flags developments to five – three in China, one in the Middle East and the other in Vietnam. Six Flags has also been in active discussions to bring a park to Saudi Arabia and is rumoured to be looking at locations in Malaysia and Singapore. Speaking during Six Flags’ first quarter earnings call, Duffey was optimistic of further new deals being inked overseas.

“I can't tell you exactly how many potential further announcements we are expecting to make this year,” said Duffey. “But we've got some great discussions ongoing and I would be disappointed if we do not have further deals announced by the end of 2017.”

Discussing dealings with Saudi Arabia – which is also reportedly interested in purchasing a stake in Six Flags through the kingdom’s Public Investment Fund – Duffey said “good progress” was being made to deliver a theme park to the region.

“We’ve had numerous discussions and meetings with the Saudis,” he said. “We’ve recently completed our first phase of the work and we're moving towards signing definitive agreements. Our hope is that we can that accomplished in the near term and I feel very good about the status of the project and believe that Saudi Arabia is an excellent market for us.”

Six Flags’ proposed Vietnam project hit a stumbling block in February after its franchise partner NaVi Entertainment failed to fulfil “contractual obligations”, with the operator serving the company a Notice of Default.

Announced in March last year, the Vietnam development will use the Six Flags and Six Flags Hurricane Harbor names under a licensing agreement for a theme park and waterpark near Ho Chi Minh City.

“Expanding into emerging markets will not be without challenges and our partner in Vietnam has continued to experience delays in gaining title to the land, which impacted their abilities to secure financing for the next phase of the project and caused them to miss project payments,” said Duffey.

“Although they are trying to remedy this situation, we have suspended work on the project, and we have initiated discussions with other interested parties in the region. Vietnam continues to be a very good market for us, so we'll continue to pursue that.”
MORE NEWS
Scruffy Dog and Simtec launch Fisher-Price themed trackless ride
Scruffy Dog Creative Group and Simtec Systems have partnered to launch a new immersive trackless dark ride featuring the popular Mattel IP, Fisher-Price.
Dohmen and Bertens join forces to launch Tourist Development and Attraction Consultants
Former Efteling COO, Coen Bertens, and former BRC Imagination Arts exec, Bart Dohmen, have partnered to set up a consultancy for the tourism and visitor attraction sectors.
Puy du Fou to create first US attraction
Puy du Fou is set to enter the US attractions market with its iconic, immersive themed visitor experience, after securing a partnership with the Eastern Band of the Cherokee Indian (ECBI).
Mather & Co-designed Gretna Green Experience opens to the public
A visitor attraction celebrating the history of the Scottish parish of Gretna Green – and its heritage as a destination for 'runaway marriages – has opened to the public.
+ More news   
LATEST JOBS
Operations Manager
RockReef Ltd
Salary: Competitive DOE
Job location: Bournemouth , United Kingdom
Group Environmental and Sustainability Manager
Everyone Active
Salary: Competitive
Job location: Hinkley, Leicestershire , United Kingdom
Adventure Activity Team Leader
Lake District National Park
Salary: c£20,500pa + pension + great benefits
Job location: Brockhole on Windermere, Lake District , United Kingdom
Water Quality Engineer
Edinburgh Leisure
Salary: £33,513 - £37,236pa
Job location: Edinburgh , United Kingdom
+ More jobs  

COMPANY PROFILES
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Red Raion

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

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
VIDEO GALLERY

Proslide Tech Inc - Slide Efffects
ProSlide | Transforming Waterparks Since 1986 Find out more...
More videos:
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
Red Raion Showreel 2021 – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

07 Jun 2022

World Sauna Forum 2022

Lapland Hotels Arena, Tampere, Finland
07-10 Jun 2022

IAAPA Expo Asia 2022

Hong Kong Convention & Exhibition Centre, Hong Kong, Hong Kong SAR
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

Issue 1 Volume 27


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

Issue 4 Volume 26


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2021 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2021 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Apr 2020 issue 153


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022
Jobs    News   Products   Magazine
NEWS
Vietnam on hold and Saudi Arabia imminent as Six Flags CEO hints at further international expansion plans
POSTED 27 Apr 2017 . BY Tom Anstey
Speaking during Six Flags’ first quarter earnings call, Duffey was optimistic of further new deals being inked overseas Credit: Shutterstock.com
Six Flags CEO John Duffey has revealed new details about the company’s international dealings, hinting at further announcements in 2017 while also offering updates on the operator’s blossoming Saudi Arabia deal and stuttering Vietnam project.

In February, Six Flags announced a second Chinese licensing location in Bishan, consisting of a theme park and waterpark, bringing the total number of overseas Six Flags developments to five – three in China, one in the Middle East and the other in Vietnam. Six Flags has also been in active discussions to bring a park to Saudi Arabia and is rumoured to be looking at locations in Malaysia and Singapore. Speaking during Six Flags’ first quarter earnings call, Duffey was optimistic of further new deals being inked overseas.

“I can't tell you exactly how many potential further announcements we are expecting to make this year,” said Duffey. “But we've got some great discussions ongoing and I would be disappointed if we do not have further deals announced by the end of 2017.”

Discussing dealings with Saudi Arabia – which is also reportedly interested in purchasing a stake in Six Flags through the kingdom’s Public Investment Fund – Duffey said “good progress” was being made to deliver a theme park to the region.

“We’ve had numerous discussions and meetings with the Saudis,” he said. “We’ve recently completed our first phase of the work and we're moving towards signing definitive agreements. Our hope is that we can that accomplished in the near term and I feel very good about the status of the project and believe that Saudi Arabia is an excellent market for us.”

Six Flags’ proposed Vietnam project hit a stumbling block in February after its franchise partner NaVi Entertainment failed to fulfil “contractual obligations”, with the operator serving the company a Notice of Default.

Announced in March last year, the Vietnam development will use the Six Flags and Six Flags Hurricane Harbor names under a licensing agreement for a theme park and waterpark near Ho Chi Minh City.

“Expanding into emerging markets will not be without challenges and our partner in Vietnam has continued to experience delays in gaining title to the land, which impacted their abilities to secure financing for the next phase of the project and caused them to miss project payments,” said Duffey.

“Although they are trying to remedy this situation, we have suspended work on the project, and we have initiated discussions with other interested parties in the region. Vietnam continues to be a very good market for us, so we'll continue to pursue that.”
RELATED STORIES
Late-occurring Easter impacts Six Flags' Q1 revenue


Six Flags experienced a 13 per cent revenue dip during the first quarter of 2017 due to the late timing of the Easter holidays.
Notice of Default raises serious questions about Six Flags Vietnam development


Six Flags’ proposed Vietnam project has hit troubled waters, after its franchise partner NaVi Entertainment failed to fulfil “contractual obligations”, with the operator serving the company a Notice of Default.
Saudi Arabia considering Six Flags stake


Saudi Arabia’s Public Investment Fund (PIF) – a company set up to manage the country’s sovereign wealth and facilitate development of its national economy – is interested in purchasing a stake in Six Flags, according to reports.
Dubai Parks and Resorts planning fifth theme park


Dubai Parks and Resorts’ three major zones are now open, and the fourth Six Flags- branded park is under construction, but it seems operator DXB Entertainments is not about to rest on its laurels, with plans for a fifth park currently in the works.
MORE NEWS
Scruffy Dog and Simtec launch Fisher-Price themed trackless ride
Scruffy Dog Creative Group and Simtec Systems have partnered to launch a new immersive trackless dark ride featuring the popular Mattel IP, Fisher-Price.
Dohmen and Bertens join forces to launch Tourist Development and Attraction Consultants
Former Efteling COO, Coen Bertens, and former BRC Imagination Arts exec, Bart Dohmen, have partnered to set up a consultancy for the tourism and visitor attraction sectors.
Puy du Fou to create first US attraction
Puy du Fou is set to enter the US attractions market with its iconic, immersive themed visitor experience, after securing a partnership with the Eastern Band of the Cherokee Indian (ECBI).
Mather & Co-designed Gretna Green Experience opens to the public
A visitor attraction celebrating the history of the Scottish parish of Gretna Green – and its heritage as a destination for 'runaway marriages – has opened to the public.
Project to save last major bellfoundry which cast bells for St Paul's and Washington National Cathedral
A project to save the UK's last major bellfoundry has moved to the next stage, with the launch of a tender to find contractors for the redevelopment work.
Hettema Group and Themespace merge to form THG
Experiential design firms The Hettema Group and Themespace have merged to create a new company called THG.
+ More news   
 
COMPANY PROFILES
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Red Raion

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

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
VIDEO GALLERY

Proslide Tech Inc - Slide Efffects
ProSlide | Transforming Waterparks Since 1986 Find out more...
More videos:
ProSlide's all-in-one waterplay entertainment center – Proslide Tech Inc
Red Raion TV - Opening Event: FICO Eataly World – Red Raion
Red Raion Showreel 2021 – Red Raion
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

07 Jun 2022

World Sauna Forum 2022

Lapland Hotels Arena, Tampere, Finland
07-10 Jun 2022

IAAPA Expo Asia 2022

Hong Kong Convention & Exhibition Centre, Hong Kong, Hong Kong SAR
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS