Source: https://skift.com/2017/02/23/six-flags-says-it-is-just-getting-started-with-its-international-expansion/Executives said during the call that international licensing fees for the fourth quarter were down after problems emerged with a project in Vietnam that had been announced in March.
Barber said work has stopped and the company issued a notice of default to the partners, previously identified as NaVi Entertainment, for failing to fulfill its contractual obligations.
“We’re currently working with our partner to remedy the situation, and believe this is merely a timing issue,” Barber said.
Even if the deal with the current partners falls through, Duffey said Vietnam holds potential.
“Our hope is that we’ll get this project back on track, but if we don’t, we still view that as a great market and there are other partners we could aggressively pursue,” he said.