- New rides, attractions, themed areas, dining upgrades,
technology and infrastructure improvements planned across network
of 42 parks in North America
Six Flags Entertainment Corporation (NYSE: FUN), the largest
amusement park operator in North America, today announced it will
invest more than $1 billion over the next two years to enhance the
guest experience at its 42 parks. The investments, which will total
between $500 million and $525 million in both 2025 and 2026, will
include new rides, attractions, themed areas, dining upgrades, and
technology enhancements that are sure to deliver an unparalleled
level of fun and excitement to guests of all ages.
“Our capital investment plans for the next two years reinforce
our commitment to providing unmatched thrills, immersive
entertainment and lifelong memories to guests of all ages,” said
Six Flags President & CEO Richard A. Zimmerman. “The new Six
Flags has a unique opportunity to refresh and renew the guest
experience, one so compelling that a visit to one of our parks will
be viewed as an indispensable choice in family entertainment.”
In August, the company unveiled its capital investment for the
2025 operating season. Those plans include seven new roller
coasters, along with an expanded roster of popular seasonal events.
In addition, the new All Park Passport Add-On will allow season
passholders and members to visit all 42 of the Company’s amusement
and water parks beginning January 6, 2025.
Among the capital investments currently planned for the 2026
operating season:
- Carowinds will introduce a record-breaking water ride
- Canada’s Wonderland will add a new record-breaking water
attraction
- King's Island will introduce a new family thrill
attraction
- Knott’s Soak City will receive a water park refresh and
aesthetic enhancements
- Six Flags Magic Mountain will debut a first-of-its-kind coaster
in North America
- Six Flags Great America will celebrate its 50th anniversary,
debuting a new kids’ area, commemorative events and park
enhancements
- Six Flags Great Adventure will unveil a record-breaking launch
coaster
- Six Flags Over Texas will unleash a record-breaking dive
coaster
- Six Flags Mexico will introduce a family thrill boomerang
coaster
The capital investments will go far beyond new rides. More than
$80 million of the overall two-year spend will go toward food and
beverage upgrades, including new restaurant concepts and improved
menu offerings.
More information on these and other investments will be shared
by both Six Flags and the individual parks as details and
timetables are formalized.
“This is an incredibly exciting time as we lay the foundation
for growth for the new Six Flags and focus on what our team does
best: make people happy by delivering the best possible experience
and value to our guests each and every day,” concluded
Zimmerman.
ABOUT SIX FLAGS ENTERTAINMENT CORPORATION
Six Flags Entertainment Corporation (NYSE: FUN) is North
America’s largest regional amusement-resort operator with 27
amusement parks, 15 water parks and nine resort properties across
17 states in the U.S., Canada and Mexico. Focused on its purpose of
making people happy, Six Flags provides fun, immersive and
memorable experiences to millions of guests every year with
world-class coasters, themed rides, thrilling water parks, resorts
and a portfolio of beloved intellectual property including Looney
Tunes®, DC Comics® and PEANUTS®.
FORWARD-LOOKING STATEMENTS
Some of the statements contained in this news release (including
the “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” section) that are not historical in
nature are forward-looking statements within the meaning of the
federal securities laws, including Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements as to our
expectations, beliefs, goals and strategies regarding the future.
Words such as “anticipate,” “believe,” “create,” “expect,”
“future,” “guidance,” “intend,” “plan,” “potential,” “seek,”
“synergies,” “target,” “will,” “would,” similar expressions, and
variations or negatives of these words identify forward-looking
statements. However, the absence of these words does not mean that
the statements are not forward-looking. Forward-looking statements
by their nature address matters that are, to different degrees,
uncertain. These forward-looking statements may involve current
plans, estimates, expectations and ambitions that are subject to
risks, uncertainties and assumptions that are difficult to predict,
may be beyond our control and could cause actual results to differ
materially from those described in such statements. Although we
believe that the expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct, that our growth and
operational strategies will achieve the target results. Important
risk factors that may cause such a difference and could adversely
affect attendance at our parks, our future financial performance,
and/or our growth strategies, and could cause actual results to
differ materially from our expectations or otherwise to fluctuate
or decrease, include, but are not limited to: general economic,
political and market conditions; the impacts of pandemics or other
public health crises, including the effects of government responses
on people and economies; adverse weather conditions; competition
for consumer leisure time and spending; unanticipated construction
delays; changes in our capital investment plans and projects;
anticipated tax treatment, unforeseen liabilities, future capital
expenditures, revenues, expenses, earnings, synergies, economic
performance, indebtedness, financial condition, losses, future
prospects, business and management strategies for the management,
expansion and growth of the Combined Company’s operations; failure
to realize the anticipated benefits of the merger, including
difficulty in integrating the businesses of legacy Six Flags and
legacy Cedar Fair; failure to realize the expected amount and
timing of cost savings and operating synergies related to the
merger; legislative, regulatory and economic developments and
changes in laws, regulations, and policies affecting the Combined
Company; acts of terrorism or outbreak of war, hostilities, civil
unrest, and other political or security disturbances; and other
factors we discuss under the heading “Risk Factors” within Part II,
Item 1A of our Quarterly Report on Form 10-Q, in legacy Cedar
Fair’s Annual Report on Form 10-K, in legacy Six Flags’ Annual
Report on Form 10-K and in the other filings we make from time to
time with the SEC. Readers are urged not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this document and are based on information currently and
reasonably known to us. We do not undertake any obligation to
publicly update or revise any forward-looking statements to reflect
future events, information or circumstances that arise after the
publication of this document.
This news release and prior releases are
available under the News tab at https://investors.sixflags.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241114984167/en/
Investor Contact: Michael Russell, 419.627.2233
https://investors.sixflags.com
Media Contact: Gary Rhodes, 704.249.6119
Six Flags Entertainment (NYSE:FUN)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Six Flags Entertainment (NYSE:FUN)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
