HCM SUMMIT
23 October 2025
Tickets available soon
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
star job
Doncaster Culture and Leisure Trust
£47,000 - £50,000pa + pension + generous benefits package
Doncaster, South Yorkshire
Everyone Active
Competitive
Cleveland

Six Flags franchises back on track as work in China set to restart

Job opportunities
Doncaster Culture and Leisure Trust
£47,000 - £50,000pa + pension + generous benefits package
location: Doncaster, South Yorkshire, United Kingdom
more jobs
Revenue from our international agreements should accelerate further, as we receive approvals in China, continue to add new locations and over the medium-term begin opening parks

Six Flags is starting to get back on track with its international projects after the operator revealed it expected to resume development on its halted China projects within the next six months.

The operator revealed problems with some of its development projects in China in February, blaming a weakening of the Chinese economy, the introduction of new policies and regulations, and the introduction of new leaders in local government for delays to its Chongqing and Nanjing parks.

Following the company's recent earnings report, Marshall Barber, chief financial officer for Six Flags, revealed positive news for its China projects, which are starting to get back on track.

"Our partners have progressed with the government approval process and construction has continued in Chongqing," he said, speaking during an earnings call.

"We're hoping to resume development and revenue recognition for Nanjing later in the year or early next year.

"Revenue from our international agreements should accelerate further, as we receive approvals in China, continue to add new locations and over the medium-term begin opening parks."

Despite the positive news, Marshall did say that international revenue could remain "lumpy" going forward. This would be particularly true if the delays affect the park's opening date or broader macroeconomic issues in China persist.

The operator also revealed in February major funding issues for its Dubai development, with finance for the desert project drying up owing to the operator DXB Entertainments' existing three parks performing poorly since launch.

In its earnings report for the quarter, Six Flags revealed international agreements revenue was up US$7.5m (€6.7m, £6m) or 32 per cent in the first half of 2019, with total revenues of US$20m (€18m, £16m). This included a US$7.5m settlement related to the Dubai project, which it was confirmed had been terminated by DXB.

"We're building our international franchise," said Jim Reid-Anderson, Six Flags CEO. "Our strong global brand allows us to extend into emerging markets, where the middle class is growing and entertainment options are limited, providing growth above and beyond our domestic markets with zero capital investments. We have eight parks in three locations under construction and are working to restart construction on four additional parts in managing China.

"Our pipeline remains robust and we're optimistic that we will be able to announce new locations in the coming year."

Sign up for FREE ezines & magazines
Six Flags is starting to get back on track with its international projects after the operator revealed it expected to resume development on its halted China projects within the next six months.
TAW,VAT
imagesX/THUMB342567_931603_302575.jpg

More News

1 - 15 of 68,410
26 Feb 2025
Improvements in life expectancy in Europe have slowed according to a study published in The Lancet Public Health Journal, with England showing the largest deceleration. ... More
26 Feb 2025
US operator, Life Time, has started the rollout of cold plunges to more than 70 of its clubs in response to customer demand. In a ... More
25 Feb 2025
Peloton has entered into a partnership with the University of Texas to offer the first immersive Peloton workout space on a college campus. The university’s ... More
24 Feb 2025
Corinthia Hotels and Dubai General Properties (DGP) have partnered to develop a new five-star hotel and residential complex in the heart of Dubai, marking Corinthia's ... More
24 Feb 2025
Technogym founder, Nerio Alessandri, has unveiled his trademarked 'Healthness' concept at the Technogym 25th Wellness Congress. The new word joins the company's lexicon which includes ... More
20 Feb 2025
BIG – Bjarke Ingels Group has completed the 1,200sq m Jinji Lake Pavilion in Suzhou, China. Situated on the Jinji waterfront, the pavilion offers a ... More
19 Feb 2025
Four Seasons has announced plans to expand its presence in the UAE with a new luxury resort in Ras Al Khaimah, set within the flagship ... More
19 Feb 2025
Glasgow Clyde College (GCC) is introducing an innovative UK degree-level qualification: the Advanced Leadership in the Spa and Beauty Industry course. This new programme, available ... More
18 Feb 2025
Accor has released a comprehensive white paper designed to deepen understanding of wellness design and its capacity to enhance guest experiences, boost loyalty and drive ... More
18 Feb 2025
After four launches last year, Third Space is keeping up the pace of expansion with a new signing on London’s Oxford Street, as well as ... More
18 Feb 2025
Young and affluent consumers are leading health club usage in Latin America, according to research from the Health and Fitness Association (HFA) and there are ... More
17 Feb 2025
Colruyt Group’s fitness chain, Jims, is doubling its estate with the acquisition of 40 fitness clubs from NRG. The deal will accelerate the Colruyt Group’s ... More
17 Feb 2025
Global Wellness Day (GWD) is set to return for its 14th year on 14 June 2025, embracing the theme: #ReconnectMagenta – a call to restore ... More
17 Feb 2025
Merlin Entertainments has confirmed Fiona Eastwood as its CEO – she had been interim CEO following the departure of Scott O’Neil. Eastwood said: “I have ... More
14 Feb 2025
Mike Farrar is stepping down as chair of UK Active, after being appointed interim Permanent Secretary of the Department of Health in Northern Ireland. Farrar ... More
1 - 15 of 68,410