Dream Space Water Park (formerly Six Flags Chongqing)
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Things seem to not be going so well with Riverside Group, the Chinese developer behind all of these Six Flags parks. Last week, Riverside released a statement addressing the company's status. To paraphrase the statement in English, they first blame a "depressed" real estate market. Then they talk about how some of their upcoming tourism projects are a light asset model, which will benefit Riverside Group long term and help with stability. Next they address the mass layoffs in which they talk about a "transformation" in which they begin to realize that the company has had some problems regarding the staff and management organizational structure. To deal with this they over the course of the past year have been "gradually" "optimizing and adjusting" the company's employee structure which includes "streamlining" which employees are at the headquarters. At the end of the statement Riverside Group expresses optimism for a "bright future".

According to a new article, which is also paraphrased to English here, up to 90% of Riverside Group's employees are or will be laid off and according to tourism industry "experts", Riverside Group is "dying". Riverside Group is facing legal troubles. Among the issues, the company is being taken to court constantly, for instance, a media company hired to make promotional material for the upcoming Six Flags park in Zhejiang was not properly compensated for their services and have taken Riverside Group to court seven times. Former employees of Riverside Group are complaining to reporters about not being fully paid while working there. Executives at Riverside Group are being accused of spending frivolous amounts of money on extravagant ski trips and parties while meanwhile the company has a large loan due for payment next month which will go unpaid and become overdue.

Sources: https://mp.weixin.qq.com/s/Mm1lHIrgMdS5c-RrwEUsjw and https://mp.weixin.qq.com/s/K0zhFEf-NIKSAs6Jxwunzw and https://tech.sina.com.cn/roll/2019-12-17/doc-iihnzhfz6435833.shtml

This 230,000 sm Retail Dining and Entertainment project is the Gateway to the Six Flags Theme Park in Bishan, outside Chongqing. Three distinct districts: Seaport Village, Animation street and RDE, integrated with hotels and residential, combine to tell a story influenced by the history of Chongqing and the Yangtze River.

Source: http://leejstudio.com/twin-peaks-promenade-at-six-flags/

Here's an update for the first 2 Six Flags theme parks in China:

Six Flags’ shares fell nearly 13% to $54.87 on Thursday, with analysts attributing the decline to the delays in China, as well tepid attendance growth. Shares are down nearly 19% in the past 12 months.

The company said one Chinese amusement park set to open this year is now scheduled to open in 2020, while another set to open in 2020 has been pushed back to mid-to-late 2021.

In addition to a slower domestic economy, Six Flags attributed the delays to global trade tensions and more hurdles to doing business there.

The effects of the delays to revenue are likely to persist.

“We anticipate the quarterly revenue from our international agreement may be lumpy in 2019 and possibly 2020 as our China partner works through these economic issues,” said Chief Executive Jim Reid-Anderson in a call with analysts.

Source: https://www.wsj.com/articles/six-flags-shares-fall-as-company-delays-new-parks-in-china-11550178563

Chongqing Riverside Themed Town Exhibition Center has opened:


















Sources: https://mp.weixin.qq.com/s/N57xQcfSVi1AIvFkZaShgg and https://mp.weixin.qq.com/s/CAtps3ZrpHQ5RkteVRuWfg and https://mp.weixin.qq.com/s/VMFemAmxI7MwiSo4dNA2bA

Concept art for Six Flags Hurricane Harbor:



Source: https://mp.weixin.qq.com/s/ucE4deH3CRA9ORKehHTHSg

Last week construction began on Six Flags' 37 acre waterpark in Chongqing.



Source: http://www.cnepaper.com/bsb/html/2018-06/25/content_1_3.htm

Source: https://m.weibo.cn/status/4226696313353634

Tuzki is coming! Six Flags and Riverside Group teams up with Turner to offer new attractions in Six Flags China theme parks.

Source: https://www.businesswire.com/news/home/20180322005465/en/Flags-Riverside-Partner-Turner-Offer-New-Attractions

Six Flags Kids World is announced and will be built adjacent to Six Flags Zhejiang and Six Flags Chongqing. Additionally, Six Flags Adventure Park is coming to Six Flags Chongqing too.

Source: http://www.businesswire.com/news/home/20171026005591/en/New-Flags-Parks-Coming-China