Six Flags to Invest More Than $1 Billion Over the Next Two Years to Enhance Guest Experience11/14/2024
New rides, attractions, themed areas, dining upgrades, technology and infrastructure improvements planned across network of 42 parks in North America CHARLOTTE, N.C.--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: FUN), the largest amusement park operator in North America, today announced it will invest more than $1 billion over the next two years to enhance the guest experience at its 42 parks. The investments, which will total between $500 million and $525 million in both 2025 and 2026, will include new rides, attractions, themed areas, dining upgrades, and technology enhancements that are sure to deliver an unparalleled level of fun and excitement to guests of all ages. “Our capital investment plans for the next two years reinforce our commitment to providing unmatched thrills, immersive entertainment and lifelong memories to guests of all ages,” said Six Flags President & CEO Richard A. Zimmerman. “The new Six Flags has a unique opportunity to refresh and renew the guest experience, one so compelling that a visit to one of our parks will be viewed as an indispensable choice in family entertainment.” In August, the company unveiled its capital investment for the 2025 operating season. Those plans include seven new roller coasters, along with an expanded roster of popular seasonal events. In addition, the new All Park Passport Add-On will allow season passholders and members to visit all 42 of the Company’s amusement and water parks beginning January 6, 2025. Among the capital investments currently planned for the 2026 operating season:
More information on these and other investments will be shared by both Six Flags and the individual parks as details and timetables are formalized. “This is an incredibly exciting time as we lay the foundation for growth for the new Six Flags and focus on what our team does best: make people happy by delivering the best possible experience and value to our guests each and every day,” concluded Zimmerman. ABOUT SIX FLAGS ENTERTAINMENT CORPORATION Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property including Looney Tunes®, DC Comics® and PEANUTS®. FORWARD-LOOKING STATEMENTS Some of the statements contained in this news release (including the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section) that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risk factors that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: general economic, political and market conditions; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; adverse weather conditions; competition for consumer leisure time and spending; unanticipated construction delays; changes in our capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Combined Company’s operations; failure to realize the anticipated benefits of the merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the merger; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Combined Company; acts of terrorism or outbreak of war, hostilities, civil unrest, and other political or security disturbances; and other factors we discuss under the heading “Risk Factors” within Part II, Item 1A of our Quarterly Report on Form 10-Q, in legacy Cedar Fair’s Annual Report on Form 10-K, in legacy Six Flags’ Annual Report on Form 10-K and in the other filings we make from time to time with the SEC. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the publication of this document. Related Videos
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Last week we were up in the Great White North to visit family and we had decided to visit Canada's Wonderland one of the days. I hadn't had a proper park day at Canada's Wonderland since 2017 and my wife had never visited other than our Haunt trip in 2022. So we were due. It just so happened the park was having a tour of AlpenFury the day we were there and they kindly invited me to tag along to get a great look at construction for this new Premier Rides masterpiece, and of course the opportunity to go inside Wonderland Mountain! It was epic. Let's head in! Related Videos
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Guests will be launched out of Wonder Mountain on AlpenFury, Canada’s longest, tallest and fastest launch coaster VAUGHAN, ON (Aug. 8, 2024) – Canada’s Wonderland is inviting guests to face nature’s wrath next year on AlpenFury, the longest, tallest and fastest launch coaster in the country. When fire and ice come together inside the mysterious Wonder Mountain, the force will propel riders into a thrilling journey beginning with a launch that blasts the train out the summit, 50 metres into the sky. The coaster will span 1,000 metres across the park, reaching speeds of 115 km/h, flipping and twisting through nine breathtaking inversions – the most of any launch coaster in North America. “AlpenFury is a world-class attraction, and we’re excited for the unique thrills it will offer our guests,” said Phil Liggett, general manager at Canada’s Wonderland. “The combination of being blasted out of Wonder Mountain, and then racing through nine inversions one right after the other, is going to be an experience guests won’t soon forget.” Designed by Premier Rides, AlpenFury will be the park’s 19th roller coaster, the fourth to interact with Wonder Mountain and the signature attraction in Alpenfest, which will be officially designated a themed area of the park next year. It is in this village that guests will find themselves at a festival celebrating the mystical union of fire and ice. A sled haus offers a journey aboard a sleek, modern sled into the heart of Wonder Mountain where this powerful, natural force awaits. Guests who purchase a 2025 Gold Pass will get unlimited rides on AlpenFury in 2025, plus unlimited Halloween Haunt and WinterFest this year and next. The 2024 Gold Pass is now available at its lowest price of the year, for only $105 through Sept. 2. Early birds who purchase before Aug. 11 will also receive five free Single-Use Fast Lane Passes!** The Gold Pass includes Halloween Haunt, which returns select nights Sept. 27 to Nov. 2 and will feature hundreds of monsters, scare zones, sinister entertainment and mazes including the new Demons of the Deep attraction. WinterFest is also included with a Gold Pass and returns select dates starting Nov. 16 with spectacular lights, holiday entertainment, festive food and more. For more information about AlpenFury, tickets or Season Passes, visit canadaswonderland.com *Plus taxes and processing fee up to $9.99. **Single-Use Fast Lane passes valid for use between Aug. 8 and Nov. 2. Not valid for Halloween Haunt. About Canada’s Wonderland Canada’s Wonderland, located in Vaughan, Ontario (just outside Toronto), is a 300-acre theme park with more than 200 attractions including 18 roller coasters (19 in 2025), and is the home to Splash Works, a 20-acre water park. Canada’s Wonderland is owned and operated by Six Flags Entertainment Corporation (NYSE: FUN), North America’s largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. |
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