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Here's an update for the first 2 Six Flags theme parks in China:
Source: https://www.wsj.com/articles/six-flags-shares-fall-as-company-delays-new-parks-in-china-11550178563Six 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.
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
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
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