29yrswithaGApass 1,605 Posted June 23, 2014 Report Share Posted June 23, 2014 Six Flags-Branded Theme Parks to Open in China GRAND PRAIRIE, Texas, June 23, 2014 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE:SIX), the world's largest regional theme park company, and Riverside Investment Group Co. Ltd., a leading real estate developer in China, announced today a new strategic partnership to build multiple Six Flags-branded theme parks in China over the next decade. "Our international expansion strategy is focused on finding the right partners in the right markets, and Riverside Investment Group will be the perfect strategic partner for us in China," said Jim Reid-Anderson, Chairman, President and CEO of Six Flags Entertainment. "We are honored to be working with this world-class organization as we continue taking the Six Flags brand to growing markets outside North America." "We are honored to enter this strategic relationship with Six Flags and expand the entertainment offerings in China," said Chairman Li of Riverside Investment Group. "We are confident this world-class brand and unique form of entertainment will attract millions of guests to our parks." Terms of the arrangement were not disclosed. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation is the world's largest regional theme park company with $1.1 billion in revenue and 18 parks across the United States, Mexico and Canada. For 53 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions including up-close animal encounters, Fright Fest® and Holiday in the Park®. For more information, visit www.sixflags.com. About Riverside Investment Group Co. Ltd. Riverside Investment Group Co. Ltd. was registered in Canada in 1997. With China's fast-developing cultural and tourism industries and urbanization process, Riverside Group has become a leading real estate developer, focusing on overall health care, tourism, culture, entertainment industries and high-end residential buildings. It is also an investor, constructor and operator of middle and high-end communities, participating in the whole industrial chain from planning and design to construction, business attraction and operation. Riverside Group's projects are twice the recipient of the UN International Garden Community Gold Award, best represented by its world-class R&D, the pursuit of perfection, the respect to culture and the inheritance of civilization, all of which make it the leader in China's real estate industry. For more information, visit www.lvcgroup.com. SOURCE Six Flags Entertainment Corporation Quote Link to post Share on other sites
Chiller 5 Posted June 23, 2014 Report Share Posted June 23, 2014 For a park chain that can barley keep their parks running properly, they should not be trying to open new parks, especially in other countries. Quote Link to post Share on other sites
GAcoaster 375 Posted June 23, 2014 Report Share Posted June 23, 2014 But, they have nothing to do with the parks overseas...they're just leasing the names and trademarks so Six Flags makes money on someone else building and running a park with the Six Flags name and their associated brands. We'll probably see Nitros, Medusas and Goliaths popping up all over China (all Chinese knock off coasters bearing little or no resemblance to the ones in the U.S.). This is nothing like the old Premier Parks European division where they actually owned and operated the parks. Now of course, if the people they lease the names to run crappy parks or have accidents or in some other way tarnish the brands they will regret it, but generally this should be a good new revenue stream. Quote Link to post Share on other sites
Coaster Justin 40 Posted July 3, 2014 Report Share Posted July 3, 2014 I wonder if Season Passes will be allowed at those parks? Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.