ITPS Amusement INdustry News 12.21.09

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Amanda Salusky

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Dec 21, 2009, 9:49:10 AM12/21/09
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ITPS Amusement INdustry News

Monday December 21, 2009

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Are you IN? - International Theme Park Services, Inc. ("ITPS") delivers the news you want regarding the amusement and leisure industry on a daily basis. Nowhere else can you find a greater compilation of news covering the amusement and leisure industry!

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Amusement / Theme Park News

Cedar Fair purchase is hardly a done deal
Apollo Global Management's $2.4 billion purchase of Cedar Fair requires approval from the owners of at least two-thirds of Cedar Fair's outstanding units. The people who own the units must be persuaded that the $11.50 per unit offer is a good deal. But Cedar Fair executives and Apollo managers have not persuaded analyst Jeffrey Thomison of Hilliard Lyons, a financial consulting firm in Louisville, Ky. He's not convinced they can reach the two-thirds threshold to make the deal go through. Dennis Speigel, president of International Theme Park Services of Cincinnati, a theme park consulting company, said it appears Apollo got an excellent price for Cedar Fair. He said he expects Cedar Fair to continue to do well.

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What does Apollo plan for Cedar Fair?
If Apollo Global Management succeeds in acquiring Cedar Fair, the amusement park chain will be only a small part of a huge financial empire. And while it's impossible to predict exactly what will happen, theme park analyst Dennis Speigel said with confidence there will be major changes.

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Negotiators kept lid on acquisition talks; Cedar Fair deal came as surprise to industry
Dennis Speigel, president of International Theme Park Services Inc. in Cincinnati, said top industry CEOs were all surprised on Wednesday evening when the deal was made public. "My phone started ringing off the hook around 7 p.m. Everyone in the industry really was surprised," Mr. Speigel said. "There was no word on this on the street whatsoever. No one knew there was any activity on this at all."

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Snyder's Six Flags Roller-Coaster Ride
Four years ago, Washington Redskins owner Daniel Snyder led a contentious shareholder revolt at theme-park operator Six Flags Inc., unseating its management and becoming board chairman. Today it is Mr. Snyder's job on the line, as a group of bondholders—emboldened by roaring credit markets— weigh whether to keep him in his post.

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George Lucas and Michael Jackson return to Disneyland in 2010
Anaheim, CA - Apparently this isn't it for Captain EO, the groundbreaking 3-D short starring Michael Jackson and written & produced by Francis Ford Coppola and George Lucas. The Disneyland Theme Park & Resort in Anaheim, CA has announced that Captain EO will return to the park next February, nearly a quarter century after it debuted in 1986 and eight months after Jackson's tragic death on July 25th, 2009.

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Six Flags Fiesta Texas Leads Holiday in the Park Celebrations with Energy Efficient LED Christmas Lights from Christmas Lights Etc.
Alpharetta, GA (PRWEB) December 19, 2009 -- Six Flags, the premier destination for thrilling family fun, continues to expand its use of environmentally friendly LED products for its 'Holiday in the Park' celebrations nationwide. This year, the world's largest regional theme park company has teamed up once again with Christmas Lights Etc., a leader in energy efficient Christmas lighting.

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Merlin Entertainments
In June 2007, Nick Varney, chief executive of Merlin Entertainments, made two predictions in the FT. One was that the theme park operator would float within three years, the other that Merlin would one day overtake Disney as number one operator. Merlin will not officially say so, but all signs point to a first-quarter flotation, at a value owners would like to see of at least £2bn.

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Ring in the New Year at Walt Disney World and Universal Orlando
Enjoy late nights at Disney's MGM Studios, the Magic Kingdom and Epcot this New Year's Eve. Party at the parks with parades, fireworks and many special New Year's Eve activities for the whole family.  

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FEC / LBE / Museum News

I-Drive's Pointe Orlando holds its own during downturn
Orlando, FL - Susan Godorov, vice president of marketing for Centro Properties' mall and lifestyle division. Godorov oversees marketing for Pointe Orlando, a collection of shops and upscale restaurants on International Drive. She recently spoke with Orlando Sentinel reporter Sandra Pedicini.

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City’s $4.3 million plans for children’s museum on hold
The Woodlands, TX - While The Woodlands Children’s Museum won’t be relocating to downtown Conroe, at least for now, City Council candidates believe it would be a benefit to the area – just not with the current economic uncertainty.

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Another link in chain of family pubs
Sarasota, FL - BEEF 'O' BRADY'S Family Sports Pub has opened at 8383 S. Tamiami Trail, Sarasota. Opened by Mary Roop, the restaurant offers a family-friendly element to the traditional sports pub concept with multiple TVs, arcade games and a casual dining experience. Best known for its Buffalo chicken wings, menu items also include chicken fingers, salads, a variety of sandwiches and burgers, and select desserts.

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Chuck E. Cheese opening on Guam in 2010
Guam - The Marianas Business Journal is reporting that by the end of the third quarter of next year, the GFS Group will open a Chuck E. Cheese family entertainment center.

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Tim Burton's museum show is a scream
NEW YORK — - While strolling the hallowed halls of the Museum of Modern Art in midtown Manhattan, most days, you don't come across many teenage girls, mystified by a work of postmodern illustration, loudly saying to themselves "Oh, no, he didn't, oh, no, he did not." You may catch the furrowed brow of a tourist startled by a Mapplethorpe or wrapping his head around those Warhol soup cans. But, then again, most days, the hallowed halls of MOMA don't usually spout ravenous fangs and murderous wild eyes.

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Waterpark News

Looping tube waterslide coming to Dells in 2010
Attention, water park lovers: Get ready for a stinging new addition to the Wisconsin Dells. Noah's Ark Waterpark plans to open a 10-story-high looping tube waterslide during Memorial Day weekend. After dropping through a trap door, riders of the Scorpion's Tail will zoom through a 45-degree-angle loop-de-loop at up to 40 mph, according to the Wisconsin Dells Visitor & Convention Bureau.

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Castaway Bay hosts holiday celebration of fun
SANDUSKY, Ohio, – A scavenger hunt, Christmas tree lighting ceremonies and caroling are just a few of the special activities that will be held during the holiday season at Castaway Bay, Cedar Point’s year-round indoor waterpark resort.

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KeyLime Cove files for Chapter 11 bankruptcy
GURNEE -- When word spread Friday about this week's bankruptcy filing by KeyLime Cove's ownership group, the waterpark resort started fielding questions from a wary public.  

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Arlington Heights Sheraton, Coco Key water park to close
Arlington Heights will face an unexpected and major vacancy among its hotel offerings, when the Sheraton Chicago Northwest closes its doors next week. Barring a last-minute rescue, the 14-story hotel at 3400 W. Euclid Ave., as well as the 65,000-square-foot indoor CoCo Key Water Resort, will cease operation at 5 p.m. Dec. 28.

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Strong first year for Fremont water park
Oakland, CA - So far, so good for Fremont's water park. The $14 million Fremont Bank Aqua Adventure, which opened in May, not only covered its costs, it earned the city more than $300,000 in its inaugural year, officials said.

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Blue Mountain considers adding a water park
Palmerton, PA - Blue Mountain Ski Area is entering the summer business full throttle. The Palmerton-area resort is seeking funding for a planned outdoor water park that would open by 2012, according to Blue Mountain president Barbara Green.  

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Aquarium / Zoo News

Attraction shut as ice makes paths dangerous
UK - EDINBURGH Zoo is set to remain shut today due to ice making steep paths around the enclosures too dangerous. The zoo, normally open every day of the year, was forced to close yesterday for the second time in a month due to extreme weather.

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Youngsters meet Santa at the zoo
Louisville, KY - More than 130 eager children and patient adults showed up for the 1 p.m. session, the day's third, making total attendance for the event's three-weekend run around 1,800, said Stephanie Maloney, the zoo's special event coordinator. She was happy with the turnout and the attention Santa's “winter friends” were getting.

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St. Louis Zoo reaches record attendance in 2009
St. Louis, MO - The year isn't over yet, but the St. Louis Zoo already has set an annual attendance record. The zoo in Forest Park had 3,065,554 visitors as of last Wednesday. The old record was 3,025,816 in 2004.

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Zoo Animals Celebrate Chrsitmas
MELBOURNE -- Animals at the Brevard Zoo celebrate Christmas too. This weekend, the animals at the Brevard Zoo got presents that they sniffed at and clawed, just like we all do.

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Five-year first for king penguin chick at Edinburgh Zoo
UK - A king penguin chick has become the first of its kind to be born at Edinburgh Zoo for five years. It is too young to tell if the chick is a boy or girl so it has not been named.

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Sea and sky look state of the art in an aquarium built on science
NEW BEDFORD, MA - Standing sentry over Union Square, the grand neoclassical structure that was once headquarters of the New Bedford Institution of Savings is now a repository for wealth of a different kind. These days the former financial temple harbors the riches of the sea, having been transformed into the Ocean Explorium, part aquarium and part science museum.

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Other News

80 amaze crowd with Chinese yo-yo skills
GENTING HIGHLANDS: More than 80 students from various schools nationwide took part in the Diabolo Championship 2009 at the Resorts World Genting over the weekend, amazing crowds and judges with their skills in juggling.

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Sands can complete Macau casinos in 5 years
SINGAPORE/HONG KONG, Dec 21 - Las Vegas Sands <LVS.N>, the world's No. 2 casino operator by market value, could completed all its planned developments on Macau's Cotai strip in five years, sooner than expected, hugely expanding its presence in the world's biggest gambling market.

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South of the Border hangs on to its charm
HAMER, S.C. - It has been an icon for motorists on Interstate 95 for 60 years, but age and competition have led to changes around South of the Border. The brightly-lit complex features more than a dozen shops, six restaurants, a small amusement park and a motel with 300 rooms, but travelers and employees acknowledge that it's not the same place it used to be.

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For over 10 years, ITPS has been providing news updates to the industry. We continually strive to improve our offering and have made some changes to the news, beginning this week. We hope you find the changes beneficial and make it easier for you the reader to quickly find the news you want to read. Please email us for your feedback and suggestions. Thanks for reading!

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International Theme Park Services, Inc
2195 Victory Parkway
Cincinnati, OH 45206
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