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NEWS
Ardent's Dreamworld operating at profit one year on from horror accident
POSTED 21 Nov 2017 . BY Tom Anstey
Ardent Leisure, which has struggled since a tragedy at its Dreamworld park claimed four lives last year, says it has stemmed financial losses.

Geoff Richardson – who became acting chief executive at Ardent following Simon Kelly’s sudden resignation in October after just five months in the role – revealed that Dreamworld is, for the first time in 2017, operating above breakeven.

"Despite the challenging year, guest satisfaction and feedback at Dreamworld continue to be excellent, and we look forward to a strong holiday period and hopefully a boost from the 2018 Commonwealth Games to be held on the Gold Coast," said Richardson, speaking at the company’s Annual General Meeting in Sydney.

Following the accident on Dreamworld’s Thunder River Rapids ride in October last year, Ardent’s theme park division has suffered, reporting losses of AU$3.4m (US$2.6m, €2.2m, £1.9m) in the current financial year compared to a AU$34.7m (US$26.3m, €22.4m, £19.9m) profit for the year prior.

"Patronage is still subdued but its performance is starting to come back," said new Ardent chair Garry Weiss, who joined the board in September.

"We're very committed to reinvigorating Dreamworld and to making a material investment back into the park to refresh and reinvigorate the offer."

Last year's accident caused a ripple effect across Australia’s theme parks on the Gold Coast, with Warner Bros Movie World, Sea World and Wet ‘n’ Wild all reporting losses through the year. Ardent will offer detailed trading results for its half-year in February.
RELATED STORIES
Dreamworld deaths affect Village Roadshow as operator announces AU$66.7m losses


Australian operator Village Roadshow is looking to bounce back after a tough twelve months, which has seen the company record full-year losses of AU$66.7m (US$52.8m, €44.8m, £41.2m).
Industrial manslaughter laws to be introduced following Dreamworld tragedy


Queensland’s state government is set introduce industrial manslaughter laws, with safety around theme park rides to also be tightened, following the deaths of four people at Dreamworld last year.
Ardent revenue plummets in wake of DreamWorld tragedy


Ardent Leisure has seen revenue fall by more than half following a fatal accident at its Dreamworld theme park on Australia’s Gold Coast last year.
Dreamworld to reopen 10 December following October deaths


Australia’s Dreamworld will reopen to the public on 10 December following an accident in October that resulted in the deaths of four people.
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Attractions Management Magazine


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NEWS
Ardent's Dreamworld operating at profit one year on from horror accident
POSTED 21 Nov 2017 . BY Tom Anstey
Ardent Leisure, which has struggled since a tragedy at its Dreamworld park claimed four lives last year, says it has stemmed financial losses.

Geoff Richardson – who became acting chief executive at Ardent following Simon Kelly’s sudden resignation in October after just five months in the role – revealed that Dreamworld is, for the first time in 2017, operating above breakeven.

"Despite the challenging year, guest satisfaction and feedback at Dreamworld continue to be excellent, and we look forward to a strong holiday period and hopefully a boost from the 2018 Commonwealth Games to be held on the Gold Coast," said Richardson, speaking at the company’s Annual General Meeting in Sydney.

Following the accident on Dreamworld’s Thunder River Rapids ride in October last year, Ardent’s theme park division has suffered, reporting losses of AU$3.4m (US$2.6m, €2.2m, £1.9m) in the current financial year compared to a AU$34.7m (US$26.3m, €22.4m, £19.9m) profit for the year prior.

"Patronage is still subdued but its performance is starting to come back," said new Ardent chair Garry Weiss, who joined the board in September.

"We're very committed to reinvigorating Dreamworld and to making a material investment back into the park to refresh and reinvigorate the offer."

Last year's accident caused a ripple effect across Australia’s theme parks on the Gold Coast, with Warner Bros Movie World, Sea World and Wet ‘n’ Wild all reporting losses through the year. Ardent will offer detailed trading results for its half-year in February.
RELATED STORIES
Dreamworld deaths affect Village Roadshow as operator announces AU$66.7m losses


Australian operator Village Roadshow is looking to bounce back after a tough twelve months, which has seen the company record full-year losses of AU$66.7m (US$52.8m, €44.8m, £41.2m).
Industrial manslaughter laws to be introduced following Dreamworld tragedy


Queensland’s state government is set introduce industrial manslaughter laws, with safety around theme park rides to also be tightened, following the deaths of four people at Dreamworld last year.
Ardent revenue plummets in wake of DreamWorld tragedy


Ardent Leisure has seen revenue fall by more than half following a fatal accident at its Dreamworld theme park on Australia’s Gold Coast last year.
Dreamworld to reopen 10 December following October deaths


Australia’s Dreamworld will reopen to the public on 10 December following an accident in October that resulted in the deaths of four people.
MORE NEWS
Revealed: Opening date for Scotland's first design museum, created by Kengo Kuma
V&A Dundee, Scotland’s first design museum, will open to the public on Saturday 15 September 2018, it has been revealed.
Norwegian brewery partners with COBE to create Stavanger waterfront attraction
Danish architects COBE and Norwegian beer maker Lervig have unveiled plans for a major waterfront visitor centre and brewery in Stavanger, Norway.
Designs revealed for new aquatics centre on an artificial quay in Copenhagen’s harbour
Stunning designs have been revealed for Copenhagen's new Water Culture Centre, which will feature outdoor and indoor pools, waterfalls, harbour baths and sports facilities.
Bayeux Tapestry coming to Britain for first time in 950 years
The Bayeux Tapestry is set to be loaned to a British museum for the first time in nearly a millennium.
More news>
LATEST JOBS
Casino Manager
Landers Recruitment
Salary: £30,000
Location: Manchester, United Kingdom
Director of Operations
WWT
Salary: £78,000 p.a.
Location: Slimbridge, Gloucestershire, United Kingdom
Head of Product Excellence
Legoland
Salary: Competitive
Location: Winter Haven, FL, United States
Customer Insights and Analytics Manager
Merlin Entertainments Group
Salary: Competitive
Location: New York, NY, United States
General Manager
Sea Life
Salary: Competitive
Location: Concord, NC, United States
Duty Manager
Madame Tussauds
Salary: Competitive
Location: Washington, DC, United States



 
 
ADVERTISE . CONTACT US

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

©Cybertrek 2018

ABOUT LEISURE MEDIA
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NEWS
Ardent's Dreamworld operating at profit one year on from horror accident
POSTED 21 Nov 2017 . BY Tom Anstey
Ardent Leisure, which has struggled since a tragedy at its Dreamworld park claimed four lives last year, says it has stemmed financial losses.

Geoff Richardson – who became acting chief executive at Ardent following Simon Kelly’s sudden resignation in October after just five months in the role – revealed that Dreamworld is, for the first time in 2017, operating above breakeven.

"Despite the challenging year, guest satisfaction and feedback at Dreamworld continue to be excellent, and we look forward to a strong holiday period and hopefully a boost from the 2018 Commonwealth Games to be held on the Gold Coast," said Richardson, speaking at the company’s Annual General Meeting in Sydney.

Following the accident on Dreamworld’s Thunder River Rapids ride in October last year, Ardent’s theme park division has suffered, reporting losses of AU$3.4m (US$2.6m, €2.2m, £1.9m) in the current financial year compared to a AU$34.7m (US$26.3m, €22.4m, £19.9m) profit for the year prior.

"Patronage is still subdued but its performance is starting to come back," said new Ardent chair Garry Weiss, who joined the board in September.

"We're very committed to reinvigorating Dreamworld and to making a material investment back into the park to refresh and reinvigorate the offer."

Last year's accident caused a ripple effect across Australia’s theme parks on the Gold Coast, with Warner Bros Movie World, Sea World and Wet ‘n’ Wild all reporting losses through the year. Ardent will offer detailed trading results for its half-year in February.
RELATED STORIES
Dreamworld deaths affect Village Roadshow as operator announces AU$66.7m losses


Australian operator Village Roadshow is looking to bounce back after a tough twelve months, which has seen the company record full-year losses of AU$66.7m (US$52.8m, €44.8m, £41.2m).
Industrial manslaughter laws to be introduced following Dreamworld tragedy


Queensland’s state government is set introduce industrial manslaughter laws, with safety around theme park rides to also be tightened, following the deaths of four people at Dreamworld last year.
Ardent revenue plummets in wake of DreamWorld tragedy


Ardent Leisure has seen revenue fall by more than half following a fatal accident at its Dreamworld theme park on Australia’s Gold Coast last year.
Dreamworld to reopen 10 December following October deaths


Australia’s Dreamworld will reopen to the public on 10 December following an accident in October that resulted in the deaths of four people.
 


ADVERTISE . CONTACT US

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

©Cybertrek 2018

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