Vaughan, April 03, 2024 (GLOBE NEWSWIRE) -- Canada's Wonderland opens in one month on May 3 and today it released the full lineup of exciting events and entertainment for the 2024 season, including additional dates for its fireworks show on the Canada Day long weekend, a new, exclusive SickKids' Day fundraising event and an additional weekend for Oktoberfest this fall. The park is also introducing a new giant boomerang water slide called Moosehorn Falls. When Splash Works opens May 25, guests will have a ch ...

Shakopee, MN, April 02, 2024 (GLOBE NEWSWIRE) -- Officials at Valleyfair today announced the return of ValleyScare, Minnesota's largest Halloween event, with an expanded lineup of thrills and chills to welcome in the bewitching season this fall. ValleyScare will be more intense than ever, offering six immersive haunted mazes, including three new creepy mazes, three redesigned frightening scare zones, tons of eerie entertainment, and delectable Halloween-inspired food and beverage options. In addition, guest ...

The Fun Will Begin in April ALLENTOWN, Pa., March 29, 2024 /PRNewswire/ -- The Northeast's highly anticipated, first-ever dive roller coaster Iron Menace is ready for a dynamic event spanning two weekends prior to the Grand Opening of Dorney Park & Wildwater Kingdom on May 10, 2024. The park announced today that the public will get a chance to ride the new roller coaster during Preseason Preview Days to be held on April 27th and 28th, as well as May 4th and 5th. During the event guests will get the chance t ...

Dive Roller Coaster Boasts 95-Degree Drop, 4 InversionsALLENTOWN, Pa., March 25, 2024 /PRNewswire/ -- The Northeast's highly anticipated, first-ever dive roller coaster Iron Menace is on the move and cameras are already capturing some of the dynamic testing underway at the Allentown, Pennsylvania amusement park.This morning the park released the first official on ride point of view video. It shows one of the 21-seat trains diving down the 160 foot high, 95-degree drop, before flying at speeds of up to 64 mi ...

Experience Flo Rida, LeAnn Rimes and more included with park admissionCHARLOTTE, N.C., March 13, 2024 /PRNewswire/ -- Carowinds is thrilled to announce a live music festival series this summer.Exhilarating live music will remix the entire park experience with the new Carowinds Summer Music Fest amplified by Coke Studio™. This multi-weekend music festival promises a memorable experience with headline performances at the Paladium, the iconic on-site amphitheater, and local bands and emerging artists performin ...

SANDUSKY, Ohio--(BUSINESS WIRE)--Cedar Fair, L.P. (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, announced today that its 2023 tax packages, including Schedule K-1, are now available online and may be accessed through Cedar Fair’s website at https://ir.cedarfair.com under the Unitholder Resources tab and the K-1 Tax Package Support webpage www.taxpackagesupport.com/cedarfair. The Company expects to complete the postal mailing of its 2023 Cedar Fair tax packages ...

ARLINGTON, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of water parks in North America, today reported fourth quarter Revenue of $293 million, Net Loss of $22 million, and Adjusted EBITDA(1) of $98 million. For the full year, the company reported revenue of $1,426 million, Net Income of $39 million, and Adjusted EBITDA(1) of $462 million. "As we close out our second year pursuing our premiumization strateg ...

On the adjusted EBITDA front, for the full year, adjusted EBITDA totaled $528 million compared to $552 million in 2022. The $24 million decrease was primarily attributable to the year-over-year decreases in attendance and net revenues and, to a lesser extent, by the higher advertising, land lease and insurance-related costs in 2023. Now turning to the balance sheet. We ended the year with $65 million in cash on hand, no outstanding borrowings under our revolving credit facility and total net leverage just a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-9444 CEDAR FAIR, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Summary of Cedar Fair and Six Flags Merger Conference Call Industry and Companies Involved - **Industry**: Amusement Park and Entertainment - **Companies**: Cedar Fair, L.P. (NYSE:FUN) and Six Flags Core Points and Arguments 1. **Merger Announcement**: Cedar Fair and Six Flags announced a proposed merger of equals, aiming to create a leading amusement park operator [3][4] 2. **Financial Results Overview**: - Cedar Fair reported a 7% increase in third-quarter adjusted EBITDA to a record $388 million, with a margin increase to 46.1% [7] - Six Flags reported a 16% increase in attendance to 9.3 million guests and an 8% revenue increase to $547 million [14] 3. **Attendance and Revenue Trends**: - Cedar Fair entertained 12.4 million guests in Q3 2023, generating net revenues of $842 million, slightly down from 2022 [7] - Six Flags experienced a decrease in guest spending per capita but saw strong growth in food and beverage sales [15] 4. **Cost Management**: Cedar Fair reduced operating expenses by $22 million, while Six Flags' cash operating and SG&A expenses increased by 20% due to investments in guest experience [8][16] 5. **Future Growth Strategy**: - The merger is expected to unlock annual synergies of $200 million, with $120 million in cost savings and $80 million in incremental EBITDA [22][27] - The combined company will operate 42 amusement and water parks and 9 resort properties, targeting a more diversified experience for guests [30] 6. **Cultural Fit**: Both companies emphasize a guest-obsessed culture, with a focus on enhancing visitor experiences and operational efficiencies [20][21] 7. **Financial Structure**: The new company will be structured as a C Corp, which is expected to unlock more value for shareholders compared to the previous MLP structure [64][66] 8. **Season Pass Strategy**: The merger will enhance the value proposition for season pass holders, allowing for greater access to multiple parks [60][70] Important but Potentially Overlooked Content 1. **Deferred Revenue Growth**: Cedar Fair's deferred revenue increased by 11% to $208 million, indicating strong early sales for 2024 season passes [10] 2. **Weather Impact**: Poor weather conditions negatively affected attendance and revenue for both companies, particularly in the Northeast and Mid-Atlantic regions [13][16] 3. **Integration Planning**: A comprehensive integration plan is a priority to ensure long-term success post-merger [43] 4. **Cash Flow Generation**: The combined company expects to generate nearly $800 million in free cash flow, with a focus on deleveraging and strategic investments [42] 5. **Guest Experience Focus**: The merger aims to create a more engaging and immersive experience for guests, leveraging both companies' strengths [29][40] This summary encapsulates the key points discussed during the conference call regarding the merger between Cedar Fair and Six Flags, highlighting financial performance, strategic goals, and operational synergies.