If I am remembering correctly, I believe in the media event Dreamworld said that it was a swing ride being made by Preston and Barbieri
https://www.prestonbarbieri.com/products/family-rides/flying-swinger/
Dreamworld stated that since the introduction of ST they have finally received their first profitable quarter this year since 2016. I think if they can time it good, this will really be good for the park
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