Six Flags’ Global Growth Plans Are Running Into Economic Roadblocks
Photo Credit: A roller coaster at Six Flags New England is pictured in this photo from 2017. Flickr / Pjedro22
Skift Take
Six Flags' big ambitions for international expansion are meeting economic reality. The theme park operator still finds potential in partnerships outside the United States, but expectations have to be adjusted.
Texas-based Six Flags Entertainment has been boasting about its international growth opportunities for years. Thursday, the topic was more of a downer.
Earlier this month, a partner announced plans to halt the company's move into a theme park complex in Dubai. And several projects in the works in China will be delayed roughly a year, set to open now in 2020, 2021, and 2022.
"Although the timing of these revenue adjustments is unfortunate, our partner in China remains fully committed to developing and opening these parks, and construction is continuing," CEO Jim Reid-Anderson said during a call with analysts.
The delay in China openings resulted in a $15 million revenue reversal for the fourth quarter, the regional theme park operator said Thursday.
Revenue for the quarter that ended Dec. 31 increased 5 percent year-over-year to $270 million, wi
