China and Saudi Arabia projects subject to potential further delays, says Six Flags boss
JP Lennard
JP Lennard
JP Lennard
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Stevenage Leisure Limited
Saxon Pool, Biggleswade
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Wiltshire Council
£23,023 - £24,920
Salisbury, Wiltshire
University of East Anglia
£15.76ph
university of east anglia
Wimbledon College
£23.50ph + holiday pay
Wimbledon, London

China and Saudi Arabia projects subject to potential further delays, says Six Flags boss

Job opportunities
Edinburgh Leisure
£33,513 - £37,236pa
location: Edinburgh, United Kingdom
English Heritage
From £41,854pa
location: Eltham Palace, Eltham, London, United Kingdom
more jobs
There's a very high likelihood going forward that we will see changes in the timing of park openings

International licensing and the scheduling of new park openings abroad continue to be a challenge for Six Flags, with parks currently under construction in China and Saudi Arabia both subject to potential further delays.

During an earnings call, the company said that revenue recognition for its Nanjing location was still suspended, with discussions ongoing with local government to obtain the necessary approvals. A second Chinese park at Chongqing had been brought forward by six months but an accompanying kid's park has been delayed by 15 months due to the city's decision to open just one park per year.

Six Flags' first Chinese park – at Zhejiang Province – is scheduled to open in 2020. In Saudi Arabia, the company is constructing a theme park as part of the Qiddiya development – a massive complex requiring significant infrastructure investment. The opening of this has been moved back by five months, to May 2023.

"The way to think about this is to understand that these developments are not just building a theme park," said Jim Reid-Anderson, chair, president and CEO of Six Flags. "In the case of China, they're building cities, basically with a theme park in the city. The same is true of Saudi Arabia: when you think of Qiddiya, they're building a massive entertainment complex that has a theme park in it. But it has a Formula One track, and it's got all sorts of other activities that are going on around it.

"Because of this, it's actually hard to be able to say this is the exact date. We use our best estimates at any point in time as to when parks open. But if a local government, in Riyadh or in Chongqing or wherever else, says that we need an extra year to be able to put the infrastructure in to support this whole area, that affects our ability to open a park.

"That's really the most important thing for people to understand. Part of it is our partner, part of it is the economy, part of it is the local government saying this is when we can have everything ready for you in order to be able to open a park. I would say right now there's a very high likelihood going forward that we will see changes in the timing of park openings. I think it's unrealistic to think it's going to be exactly as we've outlined."

In its Q3 results, Six Flags said its international revenue was US$8.3m (€7.5m, £6.4m), while its international revenues for the first half of the year were US$20m (€18m, £15.5m). The company's anticipated project in Dubai was previously confirmed as terminated, after funding problems with its partner DXB Entertainments.

Sign up for FREE ezines & magazines
International licensing and the scheduling of new park openings abroad continue to be a challenge for Six Flags Entertainment Corporation, with parks currently under construction in China and Saudi Arabia both subject to potential further delays.
TAW,VAT
imagesX/THUMB343455_274788_595094.jpg

More News

1 - 15 of 43,701
05 Jul 2022
Music service provider Rehegoo (pronounced Reh-air-go) has launched a streaming service for health clubs, gyms, studios, spas and other businesses that need to play music ... More
04 Jul 2022
F45 has launched a corporate partnership programme which will enable businesses to open an F45 studio inside their own company premises. Aerospace and defence company, ... More
04 Jul 2022
A two-year research project will look to find ways to transform the UK's physical activity facilities into musculoskeletal (MSK) hubs that could be used by ... More
01 Jul 2022
The best in the business from across the physical activity sector were honoured last night (30 June) as the winners of the ukactive Awards 2022 ... More
01 Jul 2022
At UK Active’s Active Uprising event yesterday (30 June) in Birmingham, Hattie Jones, the head of consumer engagement, announced that UK Active, Sport England’s This ... More
30 Jun 2022
HCM understands researchers are moving closer to creating a pill to mimic some of the key benefits of exercise. New studies have identified a molecule ... More
Les Mills
Les Mills
29 Jun 2022
Establishing new data and insight services and strengthening relationships with both government and the NHS are among UK Active's aims for 2022-23. The industry body ... More
29 Jun 2022
More than one in five (27 per cent) Americans belonged to a health club or studio in 2021, with the total number of fitness membership ... More
29 Jun 2022
Warner Bros. Studio Tour London will launch a new area on 1 July, further expanding the popular Harry Potter-themed visitor attraction in Leavesden. Professor Sprout’s ... More
28 Jun 2022
Ultimate Performance (UP) – the private gym chain and PT business – has opened a new 4,700sq ft club in Canary Wharf’s new Wood Wharf ... More
28 Jun 2022
Luxury hotel chain Mandarin Oriental has launched a new brand called Intelligent Movement to deliver fitness and wellbeing interventions to guests. The aim of the ... More
26 Jun 2022
Boutique fitness chain 1Rebel opens the doors to its tenth club today (Monday 27 June 2022). Formerly the home of HIIT club Sweat It – ... More
Fitness On Demand
Fitness On Demand
23 Jun 2022
A new report by Deloitte, outlining the social and economic value of the global health and fitness industry, has been released by The Global Health ... More
23 Jun 2022
Barry’s has entered the world of retail, opening a studio in the new Flannels flagship luxury department store in Liverpool, which debuts today (23 June ... More
23 Jun 2022
The London 2012 Olympic legacy investment designed to improve physical education at primary schools has failed, according to a study. Academics at the University of ... More
1 - 15 of 43,701
JP Lennard
JP Lennard