This morning, SeaWorld held their quarterly investor release, which of course had some rough news for the parks due to COVID and other things. Instead of just posting all of the information, here are some highlights as it relates directly to theme park fans such as us.
If you'd like to read the entire release, you can check it out here. - Gregg
Postponed to 2021 the opening of rides that were still under construction and originally scheduled to open in 2020
So what does this mean? Quite simply, any rides SeaWorld parks were set to debut in 2020 will not be opening until 2021. This includes Iron Gwazi, Emperor, Pantheon and Ice Breaker.
Texas Stingray at SeaWorld San Antonio already opened for 2020.
While this is a pretty big blow to theme park fans, it's not entirely unexpected. In 2020 the parks are trying to do the best they can just to stay open, which includes reducing capacity. Opening a new ride to bring in guests really doesn't make a whole lot of business sense.
Worked with its vendors and other business partners to manage, defer, and/or abate certain costs and payables during the disruptions caused by the COVID-19 pandemic
It's been widely reported for months that SeaWorld has "defaulted" on payments to RMC for Iron Gwazi, this is a part of that. It doesn't mean that it won't open, it just means they've been working with them to defer costs that aren't directly related to the parks operating in 2020.
You can find the rest of the COVID-19 response steps the parks have made below.
Since the global COVID-19 pandemic has begun, the Company has taken proactive measures for the safety of its guests, employees and animals, to appropriately manage costs and expenditures, and to provide liquidity in response to the temporary park closures related to COVID-19. Some of these measures included, but are not limited to the following:
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