Medusa42
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Posts posted by Medusa42
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SeaWorld says their offer was rejected and they don't see a path forward.
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Scott Ross was involved in taking Great Wolf Resorts private when he was a managing partner at Apollo Global Management in 2012. In 2015, Apollo sold Great Wolf Resorts to Centerbridge. In 2019, Centerbridge sold a 65% controlling interest in Great Wolf Resorts to Blackstone.
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Some analysts think Six Flags might make an offer.
QuoteSpeculation Six Flags (SIX) Could Join the 'Fun' as Cedar Fair (FUN) Targeted in Takeover
February 4, 2022 9:06 AM ESTSince SeaWorld Entertainment (NASDAQ: SEAS) launched an unsolicited $60 per share, or $3.4 billion, takeover offer for Cedar Fair, L.P. (NYSE: FUN) earlier this week speculation has turned to if rival Six Flags (NYSE: SIX) would again join the fray for the Sandusky, Ohio-based amusement park operator. In 2019, Cedar Fair rejected a $70, or $4 billion, cash-and-stock offer from Six Flags.
Commenting on the speculation today, Stifel analyst David Katz said given the fact that Six Flags was willing to acquireCedar Fair at a higher valuation back in 2019 it could revisit its past offer, even though the board and management have largely changed since that time.
Katz said Six Flags could reasonably acquire Cedar Fair at $60-$80/share, which assumes a leverage ceiling is 4.5X, a mix of stock at $35, and debt assumption that leaves the value of SIX at $47-$57/share. The analyst highlights that the current Six Flags CEO, Selim Bassoul, in his past leadership positions at MIDD has been an active acquirer of roll-up opportunities. Further, the analyst highlights that the geographic overlap between the companies is limited to four of Six Flags' 19 markets.
In addition to being a buyer, Katz thinks Six Flags could also make sense as a seller. "On a comparative, normalized basis, SIX EBITDA margins have ranged between 36%-38% and are expected to be 36.5% according to our estimates," Katz notes. "This compares with FUN, which has ranged from 33%-36% and more noteworthy, SEAS at 40%-42%, according to current consensus, which suggests there could be profit opportunities within SIX as a target." Overall, however, the analyst sees the Six Flags as more of a buyer than a seller and he continues to like the stock.
Six Flags has not commented on rumors it could again be looking at Cedar Fair.
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Vipère was cancelled at La Ronde.
QuoteQuestioned by Narcity in view of the new season, the La Ronde team confirmed that after having encountered several difficulties related to the current health situation, the new roller coaster will not see the light of day:
“Due to the current context which affects several companies, we are reassessing all our long-term projects. Thus, we have made the difficult decision to cancel the construction of "Viper", the roller coaster we had planned for the 2020 season."
"We thank our visitors for their understanding as we continue to work hard to provide them with the best experience in these ever-changing circumstances," the theme park added.
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It might make sense to rip out the big coasters and convert Michigan's Adventure to a Sesame Place.
It sounds like this is an all cash offer, which makes it much stronger than the previous Six Flags stock for stock offer, even though it gives Cedar Fair a lower valuation.
This might be a good time to rebrand the parent company as Cedar Fair or a new company name. Limiting the SeaWorld name to a few parks and not the parent company would help cleanup the company image.
I am curious if Scott Ross will let Cedar Fair management run the new company, while he slowly cashes out his majority stake.
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It's not confirmed, but I think SFGAm is retheming Yankee Harbor for Batman The Ride's 30th birthday. (V2 rethemed to The Flash, Whirligig rethemed to DC Super Villians Swing, and Yankee Clipper rethemed to Aquaman. It will be interesting to see if Roaring Rapids goes back to its original name (White Water Rampage) as part of the ride renovation. Maybe a Mardi Gras themed name, such as Ragin' Cajun Rapids would fit that area better.
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Six Flags looks attractive to Oppenheimer due to premiumization push
- Six Flags Entertainment (NYSE:SIX) is on watch after Oppenheimer turns constructive with an upgrade to an Outperform rating from Peer Perform.
- The firm says it became more confident after meeting with SIX with newly-appointed Six Flags CEO Selim Bassoul and hearing about the strategy of premiumization.
- "The company has been focused on attendance growth for too long and has neglected obvious pricing opportunities and customer experience improvements. The correct path to sustainable revenue growth appears to be through fewer guests (vs. cheap season passes) who are willing to pay-up for a better product/experience (e.g., fewer crowds, shorter lines, better food)."
- While this strategy could lead to a drop in attendance, the expectation is that it will lead to significantly stronger pricing.
- Oppenheimer sets a price target of $54 on SIX to rep 33% upside potential. Shares of Six Flags (SIX) are up 0.88% premarket to $41.04.
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On 1/15/2022 at 12:06 AM, The Master said:
Screamscape suspects that Six Flags may be retiring its membership program.
It looks like they are being called legacy memberships now. I imagine Six Flags will increase the prices on legacy memberships after 12 months to get all of those people to switch to the new passes.
Here is the new pricing and pass options for Magic Mountain:
https://www.sixflags.com/magicmountain/store/tickets
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Three Park President changes:
SFGAm: Park President Hank Salemi passed away suddenly yesterday.
SFA: Rick Howarth is back as Park President. Richard Pretlow is now the Director of Food and Beverage at Six Flags Over Georgia.
SFOT: Park President Ron McKenzie is no longer with the company.
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This is the place to discuss 2023 news, rumors, and predictions for all Six Flags parks that are not Six Flags Great Adventure.
Rules:
1) To avoid redundant posting across topics, do not post about Great Adventure.
Parks:
Six Flags Over Texas: Aquaman: Power Wave (confirmed)
https://www.sixflags.com/overtexas/attractions/aquaman-power-wave
La Ronde:
Six Flags Discovery Kingdom:
Six Flags St. Louis:
Six Flags Darien Lake:
Six Flags Magic Mountain:
Six Flags Mexico:
Six Flags Fiesta Texas:
Frontier City:
Six Flags Great America:
Six Flags Over Georgia:
Six Flags America:
Six Flags New England:
Great Escape:
Water Parks:
White Water Atlanta:
Hurricane Harbor Concord:
Hurricane Harbor LA:
Hurricane Harbor Phoenix:
Hurricane Harbor Oaxtepec:
Hurricane Harbor Arlington:
Hurricane Harbor Splashtown:
Hurricane Harbor Oklahoma City:
Hurricane Harbor Rockford:
Hurricane Harbor Chicago:
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California's Great America:
https://screamscape.com/html/california-s_great_america.htm
2023/2024 - Launched Coaster - Rumor - (11/7/21) Not much to report right now, but hearing that California’s Great America could be in the early phases of planning for the park’s next coaster. The early contender being considered so far is said to be a launched coaster, which was included as part of an approved masterplan presented to the city several years ago. One concept rumored to be under consideration for the park would be a multi-launch coaster from Mack Rides, not unlike Copperhead Strike at Carowinds, but with a custom layout.
Knott's Berry Farm:
https://screamscape.com/html/knott-s_berry_farm.htm
2023?? - New Roller Coaster - RUMOR - (11/7/21) According to a Screamscape source, the rumored Giga Coaster plans for Knott’s may have been given approval to move forward with an intended timeline of opening the coaster in 2023. Keep an eye on the Mystery Lodge area for possible signs of prep work, as this is where the entrance / station is expected to go, with the rest of the coaster expected to be contained mostly in the southern parking lot area, towards the Hotel. If the rumor holds true, early work to prep the site may begin sometime between Q1 and Q2 of 2022.
The plans for a proposed Giga coaster and new parking garage leaked on Discord.
https://old.reddit.com/r/rollercoasters/comments/rqwt6p/leaked_plans_for_knotts_berry_farm_giga/
Overlay of the leaked plans created by AbsolutelyClam on reddit.
Here is an overlay of a earlier version of the Giga coaster plans that also leaked.
Overlay of the leaked plans created by AbsolutelyClam on reddit.
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This is the place to discuss 2023 news, rumors, and predictions for all Cedar Fair parks.
Parks:
California's Great America:
Canada's Wonderland:
Carowinds:
Cedar Point:
Dorney Park:
Kings Dominion:
Kings Island:
Knott's Berry Farm:
Michigan's Adventure:
Valleyfair:
Worlds of Fun:
Water Parks:
Cedar Point Shores:
Knott's Soak City:
Schlitterbahn Galveston:
Schlitterbahn New Braunfels:
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Great Adventure still has Holiday in the Park listed as a benefit of the 2022 Basic Season Pass.
https://www.sixflags.com/greatadventure/store/tickets
Quote- Includes Both Fright Fest and Holiday in the Park at Six Flags Great Adventure
The event is no longer listed as a benefit of the 2022 Basic Season Pass for Six Flags New England, Six Flags Great America, Six Flags St. Louis, or Six Flags America.
https://www.sixflags.com/newengland/store/tickets
Quote- Includes Admission to Fright Fest at Six Flags New England
https://www.sixflags.com/greatamerica/store/tickets
Quote- Includes Admission to Fright Fest at Six Flags Great America
https://www.sixflags.com/stlouis/store/tickets
Quote- Includes Admission to Fright Fest at Six Flags St. Louis
https://www.sixflags.com/america/store/tickets
Quote- Includes Admission to Fright Fest at Six Flags America
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Six Flags Great Escape & Hurricane Harbor entrance improvements:
Planning Board Documents: https://laserfiche.queensbury.net/WebLink/Browse.aspx?id=639208&dbid=0&repo=TownOfQueensbury
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https://www.kcci.com/article/iowa-altoona-adventureland-purchased-by-palace-entertainment/38583433
QuoteALTOONA, Iowa —
Palace Entertainment announced Tuesday it would be acquiring Adventureland Resort.
Adventureland has been owned and operated by the Krantz family since 1974, containing more than 100 rides, shows and attractions.
"We are excited about adding Adventureland into our portfolio," said John Reilly, chief operating officer of Palace Entertainment. "We specialize in parks and venues that create experiences to be enjoyed over a lifetime, from childhood to young adulthood to parenting and grandparenting. We are investing in Adventureland to expand its current lineup to include eight new family rides in 2022, plus two all-new attractions for the 2023 season."
Starting in the new year, Adventureland Platinum Season Passholders will be able to visit other Palace Entertainment sister parks for free, including Noah's Ark Waterpark in the Wisconsin Dells, and Kennywood near Pittsburgh.
"We look forward to our Palace Entertainment team combining their operational excellence with Adventureland's family-run legacy of entertainment," said Pascal Ferracci, chief executive officer of Parques Reunidos. "Parques Reunidos has a unique track record of acquiring and successfully integrating parks, with over 20 transactions completed across 11 countries since 2004. This will continue to be a growth lever for the group, keeping local brands and historical positioning of acquired parks while benefiting from state-of-the-art tools and capabilities to further develop the business."
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Hopefully this event will be back next year. Rumor is some parks will not have Holiday in the Park next year as part of the new CEO's budget cuts and restructuring.
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It's happening again.
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6 hours ago, GA1975 said:
Thanks for the link, please be sure to use these forums for fresh ideas as future ADVENTure calendars are created. Merry Christmas to all!
I find your comments to be extremely rude. I can't believe you actually have the nerve to tell the owners of the forum what to post on their own forum.
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I heard Fiesta Texas is testing out a new flying option on their Skyscreamer. Two sets of seats have been replaced by new harnesses.
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It always seemed like poor planning to put Total Mayhem/The Joker on the lakefront when they clearly had space for it next to Justice League.
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The reorganization begins:
"As part of a strategic reorganization, on December 3, 2021, Six Flags Entertainment Corporation (the “Company”) announced that it eliminated the role of Executive Vice President, General Counsel & Chief Administrative Officer. In connection with the elimination, Laura W. Doerre will depart her role as Executive Vice President, General Counsel & Chief Administrative Officer of the Company, effective December 12, 2021 (the “Separation Date”), following a transition of her duties. On December 3, 2021, Ms. Doerre and the Company entered into an Agreement and General Release (the “Doerre Agreement”). Subject to Ms. Doerre’s compliance with certain obligations under the Doerre Agreement, including certain re-execution and non-revocation requirements, the Doerre Agreement provides that Ms. Doerre will be entitled to receive, among other things, (1) payment of her full 2021 annual bonus in accordance with the Company’s procedures for the payment of executive bonuses and payable at such time as bonuses are ordinarily paid; (2) payment of a cash amount equal to the sum of one year’s base salary and target bonus within 60 days of the Separation Date; and (3) accelerated vesting of certain outstanding unvested equity awards held by Ms. Doerre pursuant to the terms of her employment agreement with the Company. The Doerre Agreement also contains a release of claims against the Company and its affiliates."
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H Partners Management has gone on a buying spree since the CEO change and now owns 10.1% of the stock.
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I wonder if this $5 single use flash pass from Magic Mountain will show up at other parks?
Picture source: 389Tman389 on reddit
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Hersheypark adding Jolly Rancher Remix & Mix’d™ Flavored By Jolly Rancher for 2022
in Industry News
Posted
Hersheypark is retheming their boomerang and adding a Zamperla Nebulaz inside the cobra roll for 2022.
https://www.hersheypark.com/explore-the-park/rides/jolly-rancher-remix