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NEWS
Parques Reunidos linked to SeaWorld sale
POSTED 11 Oct 2017 . BY Tom Anstey
Parques Reunidos could be about to make a big splash in the attractions industry after fresh reports linked the Spanish operator with a potential takeover of SeaWorld.

Following reports last week that Merlin Entertainments was also interested in a deal for the company – something Merlin has since denied – Bloomberg cited “people familiar with the matter” who suggest that Parques Reunidos, which operates more than 60 visitor attractions worldwide, is considering a bid.

At this stage it is unclear as to whether the deal would be a full or partial takeover, with Parques Reunidos reported to be considering a “combination” with SeaWorld.

SeaWorld shares rose 3.6 per cent on Tuesday (10 October), giving the company a market value estimated at US$1.3bn (€1.1bn, £986m). Parques Reunidos, by comparison, is worth about US$1.25bn (€1.05bn, £948m).

In addition to its SeaWorld attractions, SeaWorld Parks and Entertainment also owns two Busch Gardens theme parks in Williamsburg and Tampa, the Sesame Place attraction near Philadelphia, five waterparks across the US and Discovery Cove in Orlando. It is developing an orca-free theme park in Abu Dhabi and a second Sesame Place theme park at a location yet to be confirmed.

SeaWorld has seen its share value drop 25 per cent in 2017 as CEO Joel Manby tries to turn around the company’s public image in the wake of the ongoing backlash from the 2013 documentary Blackfish, where it was alleged to be mistreating its orcas.

Attractions Management has has contacted both Parques Reunidos and SeaWorld for comment.
RELATED STORIES
Share prices rise as reports of Merlin's SeaWorld takeover mount


Merlin Entertainments is considering a bid for SeaWorld Parks and Entertainment, according to an increasing number of reports.
Lionsgate and Parques Reunidos plan Times Square attraction


Lionsgate and Parques Reunidos are bringing a new attraction to the heart of New York City, with plans to launch a branded Lionsgate entertainment centre in Times Square.
David D'Alessandro to step down from SeaWorld board as operator names Yoshikazu Maruyama new chair


Further strengthening its ties with China, SeaWorld has elected Zhonghong Zhuoye Group's (ZZG) Yoshikazu Maruyama as its new chair, also naming Donald C. Robinson as its lead independent director.
SeaWorld continuing with Chinese expansion plans despite domestic woes


Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.
MORE NEWS
Exclusive: Australian market recovering, says Village Roadshow COO as operator addresses safety concerns
Following a year of turmoil for Australia’s theme park sector, the Gold Coast market is finally starting to show signs of recovery, according to Village Roadshow Theme Parks COO Bob White.
Renovation work starts on Manhattan Beach's pier aquarium
A historic pier and aquarium on Manhattan Beach, California, is undergoing a major renovation after reaching its fundraising targets.
Coventry named UK City of Culture 2021
Coventry will be the third UK City of Culture following an announcement by minister for Arts, Heritage and Tourism John Glen.
Public art crucial for cities, argues designer who delivered Ai Weiwei's New York installations
One of the design team responsible for realising Ai Weiwei’s huge ‘security fence’ installations across New York has told CLADglobal the popularity of the project demonstrates why cities and developers would be “mad” not to commission creativity.
More news>
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AM2.jobs - Attractions Jobs & News
Attractions Management Magazine


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NEWS
Parques Reunidos linked to SeaWorld sale
POSTED 11 Oct 2017 . BY Tom Anstey
Parques Reunidos could be about to make a big splash in the attractions industry after fresh reports linked the Spanish operator with a potential takeover of SeaWorld.

Following reports last week that Merlin Entertainments was also interested in a deal for the company – something Merlin has since denied – Bloomberg cited “people familiar with the matter” who suggest that Parques Reunidos, which operates more than 60 visitor attractions worldwide, is considering a bid.

At this stage it is unclear as to whether the deal would be a full or partial takeover, with Parques Reunidos reported to be considering a “combination” with SeaWorld.

SeaWorld shares rose 3.6 per cent on Tuesday (10 October), giving the company a market value estimated at US$1.3bn (€1.1bn, £986m). Parques Reunidos, by comparison, is worth about US$1.25bn (€1.05bn, £948m).

In addition to its SeaWorld attractions, SeaWorld Parks and Entertainment also owns two Busch Gardens theme parks in Williamsburg and Tampa, the Sesame Place attraction near Philadelphia, five waterparks across the US and Discovery Cove in Orlando. It is developing an orca-free theme park in Abu Dhabi and a second Sesame Place theme park at a location yet to be confirmed.

SeaWorld has seen its share value drop 25 per cent in 2017 as CEO Joel Manby tries to turn around the company’s public image in the wake of the ongoing backlash from the 2013 documentary Blackfish, where it was alleged to be mistreating its orcas.

Attractions Management has has contacted both Parques Reunidos and SeaWorld for comment.
RELATED STORIES
Share prices rise as reports of Merlin's SeaWorld takeover mount


Merlin Entertainments is considering a bid for SeaWorld Parks and Entertainment, according to an increasing number of reports.
Lionsgate and Parques Reunidos plan Times Square attraction


Lionsgate and Parques Reunidos are bringing a new attraction to the heart of New York City, with plans to launch a branded Lionsgate entertainment centre in Times Square.
David D'Alessandro to step down from SeaWorld board as operator names Yoshikazu Maruyama new chair


Further strengthening its ties with China, SeaWorld has elected Zhonghong Zhuoye Group's (ZZG) Yoshikazu Maruyama as its new chair, also naming Donald C. Robinson as its lead independent director.
SeaWorld continuing with Chinese expansion plans despite domestic woes


Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.
MORE NEWS
Exclusive: Australian market recovering, says Village Roadshow COO as operator addresses safety concerns
Following a year of turmoil for Australia’s theme park sector, the Gold Coast market is finally starting to show signs of recovery, according to Village Roadshow Theme Parks COO Bob White.
Renovation work starts on Manhattan Beach's pier aquarium
A historic pier and aquarium on Manhattan Beach, California, is undergoing a major renovation after reaching its fundraising targets.
Coventry named UK City of Culture 2021
Coventry will be the third UK City of Culture following an announcement by minister for Arts, Heritage and Tourism John Glen.
Public art crucial for cities, argues designer who delivered Ai Weiwei's New York installations
One of the design team responsible for realising Ai Weiwei’s huge ‘security fence’ installations across New York has told CLADglobal the popularity of the project demonstrates why cities and developers would be “mad” not to commission creativity.
More news>
LATEST JOBS
Head of Food and Beverage
Paultons Park
Salary: Competitive Salary & Benefits
Location: Paultons Park, United Kingdom
Visitor Operations Team Duty Manager
Chatham Historic Dockyard Trust
Salary: £22,000 pa
Location: Chatham, United Kingdom
General Manager
Sea Life
Salary: Competitive
Location: Concord, NC, United States
Front Office Manager
Legoland
Salary: Competitive
Location: Carlsbad, CA, United States
Duty Manager
Madame Tussauds
Salary: Competitive
Location: Hollywood, Los Angeles, CA, United States



 
 
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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NEWS
Parques Reunidos linked to SeaWorld sale
POSTED 11 Oct 2017 . BY Tom Anstey
Parques Reunidos could be about to make a big splash in the attractions industry after fresh reports linked the Spanish operator with a potential takeover of SeaWorld.

Following reports last week that Merlin Entertainments was also interested in a deal for the company – something Merlin has since denied – Bloomberg cited “people familiar with the matter” who suggest that Parques Reunidos, which operates more than 60 visitor attractions worldwide, is considering a bid.

At this stage it is unclear as to whether the deal would be a full or partial takeover, with Parques Reunidos reported to be considering a “combination” with SeaWorld.

SeaWorld shares rose 3.6 per cent on Tuesday (10 October), giving the company a market value estimated at US$1.3bn (€1.1bn, £986m). Parques Reunidos, by comparison, is worth about US$1.25bn (€1.05bn, £948m).

In addition to its SeaWorld attractions, SeaWorld Parks and Entertainment also owns two Busch Gardens theme parks in Williamsburg and Tampa, the Sesame Place attraction near Philadelphia, five waterparks across the US and Discovery Cove in Orlando. It is developing an orca-free theme park in Abu Dhabi and a second Sesame Place theme park at a location yet to be confirmed.

SeaWorld has seen its share value drop 25 per cent in 2017 as CEO Joel Manby tries to turn around the company’s public image in the wake of the ongoing backlash from the 2013 documentary Blackfish, where it was alleged to be mistreating its orcas.

Attractions Management has has contacted both Parques Reunidos and SeaWorld for comment.
RELATED STORIES
Share prices rise as reports of Merlin's SeaWorld takeover mount


Merlin Entertainments is considering a bid for SeaWorld Parks and Entertainment, according to an increasing number of reports.
Lionsgate and Parques Reunidos plan Times Square attraction


Lionsgate and Parques Reunidos are bringing a new attraction to the heart of New York City, with plans to launch a branded Lionsgate entertainment centre in Times Square.
David D'Alessandro to step down from SeaWorld board as operator names Yoshikazu Maruyama new chair


Further strengthening its ties with China, SeaWorld has elected Zhonghong Zhuoye Group's (ZZG) Yoshikazu Maruyama as its new chair, also naming Donald C. Robinson as its lead independent director.
SeaWorld continuing with Chinese expansion plans despite domestic woes


Despite recent setbacks in its latest earnings report, SeaWorld continues to move forward with its Chinese expansion plans following its partial acquisition by Chinese investment firm Zhonghong Zhuoye Group (ZZG) earlier this year.
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2017

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS