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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
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.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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Salary: £61,000 - £64,000 + exceptional pension + excellent benefits
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Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
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Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
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08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
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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
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.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
instantprint

We’re a Yorkshire-based online printer, founded in 2009 by Adam Carnell and James Kinsella. [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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LEISURE MEDIA MAGAZINES
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