Six Flags to Invest More Than $1 Billion Over the Next Two Years to Enhance Guest Experience

Business Wire11-14

New rides, attractions, themed areas, dining upgrades, technology and infrastructure improvements planned across network of 42 parks in North America CHARLOTTE, N.C., November 14, 2024--(BUSINESS ...

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CHARLOTTE, N.C., November 14, 2024----Six Flags Entertainment Corporation , 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 expe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUN":"六旗娱乐","GRO":"Brazil Potash Corp.","BK4216":"消闲设施","BK4590":"PTP"},"translate_title":"六旗游乐园将在未来两年内投资超过10亿美元来提升宾客体验","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1,"FUN":0.9},"content_text":"New rides, attractions, themed areas, dining upgrades, technology and infrastructure improvements planned across network of 42 parks in North America\n\nCHARLOTTE, N.C., November 14, 2024--(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.\n\"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.\"\nIn 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.\nAmong the capital investments currently planned for the 2026 operating season:\n\nCarowinds will introduce a record-breaking water ride\nCanada’s Wonderland will add a new record-breaking water attraction\nKing's Island will introduce a new family thrill attraction\nKnott’s Soak City will receive a water park refresh and aesthetic enhancements\nSix Flags Magic Mountain will debut a first-of-its-kind coaster in North America\nSix Flags Great America will celebrate its 50th anniversary, debuting a new kids’ area, commemorative events and park enhancements\nSix Flags Great Adventure will unveil a record-breaking launch coaster\nSix Flags Over Texas will unleash a record-breaking dive coaster\nSix Flags Mexico will introduce a family thrill boomerang coaster\n\nThe capital investments will go far beyond new rides. More than $80 million of the overall two-year spend will go toward food and beverage upgrades, including new restaurant concepts and improved menu offerings.\nMore information on these and other investments will be shared by both Six Flags and the individual parks as details and timetables are formalized.\n\"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.\nABOUT SIX FLAGS ENTERTAINMENT CORPORATION\nSix 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®.\nFORWARD-LOOKING STATEMENTS\nSome 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.\nThis news release and prior releases are available under the News tab at https://investors.sixflags.com\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241114984167/en/\nContacts\nInvestor Contact: Michael Russell, 419.627.2233 https://investors.sixflags.com\nMedia Contact: Gary Rhodes, 704.249.6119","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483894385"}