Theme Park News
Village Roadshow releases full year results, commits to ride removals and new additions
Closure and downturn from COVID-19 led to predictably disappointing financial results for Village Roadshow's theme park division, where 900,000 fewer guests visited. Despite uncertainty the company is pressing head to have the forthcoming Leviathan wooden roller coaster up and running by Easter while also announcing that they will be removing two yet-unnamed rides at their Gold Coast theme parks.
Size doesn't matter: Dreamworld makes concrete moves towards a smaller theme park
Dreamworld ditches their only competitive advantages – sheer size and diversity of attractions – as they seek to be "comparable" in ride count to their nearest single competitor. Except their nearest competitor is actually four diverse and growing theme parks.
Structural changes, funding injection sees Gold Coast theme park future secured
Both Ardent Leisure and Village Roadshow have each announced an injection of $70 million to give both operators a degree of certainty, while the latter moves towards taking the company private.
Saddle Up as Australian Outback Spectacular Reopens on the Gold Coast
Australian Outback Spectacular joins fellow Village Roadshow Theme Parks attractions, Sea World, Paradise Country and Topgolf to reopen under an industry approved COVID Safe plan, with Movie World and Wet’n’Wild reopening on the 15th July.
No-go roller coaster: how Dreamworld banked on a hand-to-mouth recovery strategy they could never afford
As roller coaster parts arrive via shipping container from Germany, Dreamworld executives reveal a precarious financial position that's more than just concerning in the face of a global pandemic: the numbers simply don't stack up on their costly recovery gamble.
The Parkz Update: Orange roller coaster track arrives at Dreamworld
Bright orange roller coaster track arrives for Dreamworld's forthcoming launched roller coaster.
Gold Coast theme parks shut as COVID-19 restrictions mount
Dreamworld, Sea World, Warner Bros. Movie World, Wet'n'Wild and WhiteWater World as well as Australian Outack Spectacular, Paradise Country and Top Golf have all shut their doors temporarily as restrictions on businesses increase.
Dreamworld and Sea World's new roller coasters thrown into doubt amid coronavirus financial chaos
Two major roller coasters were due to open later this year at Sea World and Dreamworld. With the global economy plunged into chaos, neither look likely to go ahead on the originally scheduled timeline with both companies freezing all non-essential capital expenditure.