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NEWS
FEC and theme park successes boost profits in latest earnings report for Ardent Leisure
POSTED 18 Feb 2016 . BY Tom Anstey
Attendance at Dreamworld and WhiteWater World increased by 13 per cent
Australian operator Ardent Leisure, which owns Dreamworld and WhiteWater World, AMF Bowling centres and a growing US FEC division, has posted net profits of AU$22.6m (US$16m, €14.1m, £11.2m) driven mainly by its US ventures.

Adrent’s Texas-based Main Event division – a chain of 25 FECs – have delivered an average return on investment of 35 per cent since the concept was launched in 2007.

Ardent’s chief executive Deborah Thomas said that with continued success, Main Event was looking for further opportunities “to accelerate the roll-out” of the division, something reinforced by the latest results.

The group’s theme park division, which includes Dreamworld and WhiteWater World, recorded total revenues of AU$58.4m (US$41.5m, €37.3m, £29m) for the half year – up from AU$54.8m (US$38.9m, €35m, £27.3m) for the previous year’s results. Attendance was also up, with a 13 per cent increase, though per capita spending slipped slightly, down from 37.2 per cent to 36.3 per cent.

Dreamworld is expected to face increased competition in the coming years, with Chinese giant Wanda developing its own theme park nearby based around the Jurassic World franchise following its acquisition of Legendary Entertainment.

Overall revenue for Ardent for the half year increased by AU$48m (US$34m, €30.6m, £23.8m) to AU$333.8m (US$237.1m, €213m, £166m). In the first half of the financial period, Ardent launched two new Main Event centres, with another five scheduled to open in the second half of the year.
RELATED STORIES
  Wanda’s acquisition of Legendary Entertainment paves way for Jurassic World theme park


Chinese property and entertainment giant Wanda has announced the US$3.5bn (€3.2bn, £2.4bn) acquisition of Legendary Entertainment, opening the door for a Jurassic World theme park in Australia among a host of other future projects.
  Gold Coast theme parks under threat from new Wanda development: report


A new independent report has said that plans for a multi-billion dollar Gold Coast theme park in Australia have the potential to take away a third of trade from the region’s three major existing theme parks.
  Wanda plans multi-billion dollar Gold Coast theme park in Australia


Wanda’s bid to become the world's largest tourism entity continues with its chair, Wang Jianlin, announcing plans for a multi-billion dollar theme park and resort development on Australia’s Gold Coast.
  Dreamworld reaches deal with ABC Kids for revamped children's attraction


Dreamworld theme park on Australia’s Gold Coast has announced plans to rebrand its Wiggles World kids section to include ABC Kids IP’s including Bananas in Pyjamas, Play School, and Giggle and Hoot.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
+ More news   

COMPANY PROFILES
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
 

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18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
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NEWS
FEC and theme park successes boost profits in latest earnings report for Ardent Leisure
POSTED 18 Feb 2016 . BY Tom Anstey
Attendance at Dreamworld and WhiteWater World increased by 13 per cent
Australian operator Ardent Leisure, which owns Dreamworld and WhiteWater World, AMF Bowling centres and a growing US FEC division, has posted net profits of AU$22.6m (US$16m, €14.1m, £11.2m) driven mainly by its US ventures.

Adrent’s Texas-based Main Event division – a chain of 25 FECs – have delivered an average return on investment of 35 per cent since the concept was launched in 2007.

Ardent’s chief executive Deborah Thomas said that with continued success, Main Event was looking for further opportunities “to accelerate the roll-out” of the division, something reinforced by the latest results.

The group’s theme park division, which includes Dreamworld and WhiteWater World, recorded total revenues of AU$58.4m (US$41.5m, €37.3m, £29m) for the half year – up from AU$54.8m (US$38.9m, €35m, £27.3m) for the previous year’s results. Attendance was also up, with a 13 per cent increase, though per capita spending slipped slightly, down from 37.2 per cent to 36.3 per cent.

Dreamworld is expected to face increased competition in the coming years, with Chinese giant Wanda developing its own theme park nearby based around the Jurassic World franchise following its acquisition of Legendary Entertainment.

Overall revenue for Ardent for the half year increased by AU$48m (US$34m, €30.6m, £23.8m) to AU$333.8m (US$237.1m, €213m, £166m). In the first half of the financial period, Ardent launched two new Main Event centres, with another five scheduled to open in the second half of the year.
RELATED STORIES
Wanda’s acquisition of Legendary Entertainment paves way for Jurassic World theme park


Chinese property and entertainment giant Wanda has announced the US$3.5bn (€3.2bn, £2.4bn) acquisition of Legendary Entertainment, opening the door for a Jurassic World theme park in Australia among a host of other future projects.
Gold Coast theme parks under threat from new Wanda development: report


A new independent report has said that plans for a multi-billion dollar Gold Coast theme park in Australia have the potential to take away a third of trade from the region’s three major existing theme parks.
Wanda plans multi-billion dollar Gold Coast theme park in Australia


Wanda’s bid to become the world's largest tourism entity continues with its chair, Wang Jianlin, announcing plans for a multi-billion dollar theme park and resort development on Australia’s Gold Coast.
Dreamworld reaches deal with ABC Kids for revamped children's attraction


Dreamworld theme park on Australia’s Gold Coast has announced plans to rebrand its Wiggles World kids section to include ABC Kids IP’s including Bananas in Pyjamas, Play School, and Giggle and Hoot.
MORE NEWS
Disneyland Paris renames theme park as part of $2 billion transformation
Disneyland Paris has unveiled a new name for Walt Disney Studios Park as part of the park’s US$2 billion transformation.
UK's Royal attractions had a bumper year in 2023
Numbers from the Association of Leading Visitor Attractions, (ALVA) show that Royal attractions saw a huge increase in visitor numbers during 2023 – the coronation year of King Charles III.
Efteling to convert steam trains to electric as part of green drive
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
+ More news   
 
COMPANY PROFILES
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Painting With Light

By combining lighting, video, scenic and architectural elements, sound and special effects we tell s [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
FEATURED SUPPLIER

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. [more...]
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS