Paramount Park Spain
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Premursa website down again!

Are there any updates ?

Port Aventura needs around 5 million visitors to break even, it has never even reached 4 since opening 1995. In fact the only reason it manages to survive is because the Italian owners slashed the number of park employees and cut operating cost at every possible instance. After over 20 years of operation the park has recouped less than 10% of the investments in benefits. Universal bugged out the moment they realized the park was a total failure.

Parque Warner in Madrid needs over 3 million visitor just to break even, the park has never since open in 2002 reached even 2 million visitor. It has cost Spanish taxpayers well in excess of half a billion euros in public funding.

Terra Mitica also need at least 3 million visitor to break even, it has never exeeded even 1,5 million visitors, this park has also cost Spanish taxpayers around half a billion euros in public funding.

Isla Magica in Seville is also a total failure, it has never managed to break even since opening in 1997 despite massive operating cost cuts once they realized the park was never even going to attract even half of the projected visitor numbers.

And the Paramout park in Murcia is the biggest joke of them all, Murcia is one of the poorest regions in Spain and has no where close the amount of tourist to cover the lack of local demand for such a park, it would be the biggest failure of them all, to the tune of hundreds of millions of taxpayers money.

Pessimistic a bit much?

All theme parks in Spain have failed, this one would be no exception. Port Aventura spent 20 years in the red, Warner Park in Madrid is a total failure and only remain open thanks to Madrid pumping in money. The one in Benidorm, we should not even mention, it is a miracle it is still operating

Port Adventura seems to be doing quite well these days, bet Comcast wishes it had it in the Universal portfolio. Too bad it got sold off before their purchase. Parque Warner seems to be doing well now, moving into the top 20 parks in Europe in attendance and building an on site hotel. Maybe Spain as a tourist destination is finally developing more with the the help of the troubles elsewhere like Turkey and Egypt.

Maybe it is possible for Paramount to finally be realized in Murcia.

This seems like more nonsense as if they had the investment in place surely the local and national press would have picked up on it and the Premursa website is still down. If it was true surely they would have a PR machine to jump into action to drive interest in the project as this is a huge investment.

Still doubt it will happen.

Just type in tumbit spain
http://www.tumbit.com/news/articles/11285-paramount-murcia-has-investors.html

link?

Has anybody else seen Tumbit Spain Mon 18th July 2016 update to say that Juan Antonio Samper has told the Spanish press that he now has the investment to continue and complete Paramount Murcia? Is this true?

Yeah looks like it's down, perhaps permanently.



The last update on anything to do with the website was the calling of the general meeting in May. If anyone can translate the agenda properly that would be appreciated. Google translate gave me the below which seems to indicate a change of business and ceasing the board of directors....

PREMURSA THEME-PARK, S.A.
Extraordinary General Meeting
the shareholders are summoned to the Extraordinary General Meeting which will be held at the registered office of the Company on May 24, 2016, to 12:00 pm on first call, with the following:

Order of the day

First.- Cease and appointment of Directors.

Second.- transfer of registered office of the Company.

Third. - Amendment of article four of the bylaws concerning the new home society.

Fourth - Amendment of article four of the bylaws concerning the faculty board to change the registered office, for adapt to the new wording of Article 285.2 of the Companies Act Capital.

Five.- Change management system of the company. Amendment of various articles to adapt to the new system of administration of the company.

Seventh.- Granting of powers to execute the resolutions adopted.

Eight.- AOB.

Nine.- Approval, if appropriate, the minutes of the Board. It is noted that from this call, shareholders who wish may examine at the registered office the full text of the amendments proposals and report on them, and obtain from the Company, so immediate and free delivery or sending the documents to be subject to the approval of the Board, in accordance with the law confers Article 287 of the Companies Act Capital.

It is noted that this call is made, by publication in the corporate website of the Company, www.premursa.com, having been agreed previously by the General Meeting and after having posted its highest in the Official Mercantile Register Gazette No. 95 Tuesday, May 22, 2012.
Alhama de Murcia, April 20, 2016

Link to Spanish version: http://www.premursa.com/wp-content/uploads/2016/04/ConvocatoriaJunta_mayo2016.pdf

Check the Premursa web site looks like some of it is no longer operational