Both Six Flags and Cedar Fair are reporting financial improvements for Quarter 3 of 2010.
Six Flags is reporting an income of $475.6 million, a $25.7 million or 6% increase over last year third quarter. Profits between the beginning of the year and September 30, 2010 hit $854.1 million, a $56.3 million or 7% increase.
Cedar Fair is reporting net revenues of $545 million, an increase of 4.8% from last year third quarter. However, the company lost $35.3 million due to debt being payed off. The company’s October numbers were very strong, showing a 25% increase in revenues, or approximately $21 million, and a 29% increase in attendance. “The strength of our fall events continues to draw more and more visitors each year,” said Dick Kinzel, Cedar Fair’s chairman, president and chief executive officer. “A strong marketing program, continual investment in the fall events and favorable weather conditions in the northern and southern regions contributed to our strong results.”
Are you happy to see the two companies improve their performance this year? Is this a sign that the Amusement Industry has been able to make it through these rough economic times without too much hardship? Leave your thoughts below.
Respond To This
It’s here folks, and boy, does it live up to what they said it would be…
Formula Rossa, the world’s fastest roller coaster, is now launching at Ferrari World in Abu Dhabi. To prove it, they’ve posted a video on their official Facebook page. We’re still in awe over the pure speed of this monster. If you thought Top Thrill Dragster or Kingda Ka were bullets, get ready. It’s also jaw-dropping to see the amount of track this ride has. The ride is 6561 feet long, just a hair bit longer than Millenium Force at Cedar Point.
Luca Di Montezemolo, Chairman of Ferrari, stands in front of the World's fastest roller coaster, "Forumla Rossa"
The question is, will Intamin’s notoriously un-reliable hydraulic cable launch system be able to handle speeds like this day after day? Will we see this ride only operate a few times a week? Once it starts running full-time, we’ll see…
I think it’s safe to say we underestimated how fast 149.1 miles per hour in 4 seconds would look like. Personally, I’m ready to get my plane ticket and fly over to Abu Dhabi and face this behemoth now. What do you think of this new beast of a coaster?
Respond To This
If you’ve noticed, we’ve been slowing down a bit here at Park Thoughts. We’ve all been quite busy working on other things, and we haven’t been able to, unfortunately, put up some posts here.
So… We need YOU!
We’re looking for guest posters, or even better, regular posters! If you want to send in a guest post, check out this page. If you want to join our team full-time, contact us. We’re also looking for folks that might want to be a part of a weekly or bi-weekly podcast. You must speak fluent English to join us at Park Thoughts. We can arrange free admission and media permissions for our full-time writers. Our #1 priority at Park Thoughts is great and accurate content. We’re willing to work to make sure we get it! Park Thoughts does not directly pay any team members.
Don’t hesitate! Please contact us and help make Park Thoughts truly the best Amusement Industry Blog around!
-Doug S, Park Thoughts Founder
1scream, the parent company of Park Thoughts, is currently looking to acquire other Amusement Industry Blogs and merge them with Park Thoughts to help make Park Thoughts stronger. If you’re interested, you can contact 1scream at this email: contact [at] 1scream.com. 1scream will reimburse acquired websites.
Respond To This
Our first part of the series will be covering the coveted ”Best New Ride” category. There were lots of new attractions this year. Cedar Fair drop down the Intimidator brothers at Kings Dominion and Carowinds, while Universal laid down the next ...
Read the entire post »
This evening at Busch Gardens Europe, this year’s Amusement Today Golden Ticket winners were announced. There were some shockers, and some that came as no surprise. Over the next week, we’ll take a look at some of the categories, ...
Read the entire post »
One of my favorite things about the Walt Disney World resort is the wide selection of resorts you can stay at during your visit. Every hotel on the property is outstanding, and no matter what your price range is, you’ll find ...
Read the entire post »
I was able to visit Valleyfair to check out where Planet Snoopy will be going in for the 2011 season. It’s a huge project that’s sure to be a hit. The Peanuts characters are already walking around the area even ...
Read the entire post »
Loading ...
