Latest News

Back to Latest News back


Ardent Leisure earnings again boosted by fitness and US earnings

Ardent Leisure earnings again boosted by fitness and US earnings
October 29, 2014

Ardent Leisure first quarter earnings have been boosted by its family entertainment centre (FEC) businesses in the United States and further strong performance from its Goodlife Health Clubs division

The group, which also operates AMF and Kingpin Bowling; d'Albora Marinas; and the Dreamworld, WhiteWater World & SkyPoint theme parks and attractions on the Gold Coast, report revenues rising by more than 10% to $139.1 million in the three months to the end of September.

Underlying earnings rose 5.2% to $34.17 million, largely driven by the group's Main Event Entertainment chain of US-based FECs while Goodlife Health Club's lifted revenues and earnings by 5% and 9% respectively.

Commenting on the results, Chairman Neil Balnaves stated "a material increase in Main Event earnings contributions from the USA, with strengthening constant centre performance and exceptional performance from new centres, is the standout of a strong first quarter result.

The Main Event chain lifted revenues by 40% to $US28.6 million (A$30.9 million) in the quarter, while underlying earnings rose 30% to $US6.5 million.

Three new centres opened during the three-month period, taking Ardent's Main Event chain to 17.

Work on another three centres is underway, with two to open before the end of December and another in March.

Performance at Ardent's theme park division saw revenues dip to $25.4 million from $26.5 million, while underlying earnings dropped 7% to $9.62 million.

Ardent said the lower revenue had, in part, been offset by a $710,000 increase in prepaid annual pass revenue, which is yet to be recognised in the group's accounts.

The Group also plans to encourage more visitors to return to its parks by introducing new food and beverage offerings.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all


Founded in 1961, Myrtha Pools® quickly became Italy’s première swimming pool company, and has since grown into one of the world's leading swimming pool construction…

read more

Aquatics / Design / Play / Waterparks / Wellness



A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…

read more

Aquatics / Attractions / Play / Waterparks


Worldwide Sports Management

Principal Consultant Simon Weatherill has spent the last 20 years developing the world renowned Melbourne Sports Hub, as former Chief Executive Officer of the State Sports Centres Trust…

read more

Aquatics / Consultants / Recreation / Sport / Venues



With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology



We are the leading providers of kids fun multi-sports programs for Sport and Recreation Centres. Programs cover twelve common sports as well as Gross Motor Skill Development and suit children from as…

read more

Fitness / Play / Recreation / Sport / Wellness


Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces



Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…

read more

Access / Billing / Fitness / Recreation



Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation


get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business