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.
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.
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.
Village Roadshow CEO: Dreamworld is no longer a competitive factor
The owners of Movie World, Sea World and Wet'n'Wild have reported theme park earnings of nearly $40 million for the half year and a record-breaking January period just hours after the announcement of a $12 million loss at Dreamworld.
New share price lows as Village Roadshow blames poor theme park performance on Commonwealth Games and wet weather
Share prices have dropped to near 8-year lows off the back of yesterday's announcement of poorer-than-expected performance of Village Roadshow's Gold Coast theme parks as well as their cinema division.
Village Roadshow's Gold Coast theme parks slowly recover while Wet'n'Wild Sydney struggles
Village Roadshow have released results for the six months from July to December 2017, with indications that their Gold Coast theme parks are on the up as the industry regains its feed following a tumultuous 16 months.
2017 was a year of the highest highs and the lowest lows for the Gold Coast theme park industry
There has perhaps never been a year as eventful as 2017 for the Gold Coast theme parks. Unprecedented hype surrounded the construction and launch of DC Rivals HyperCoaster while Dreamworld set about the arduous challenge of recovering from tragedy.