As of 2018, TicketServ operates as SeatGeek Asia Pacific Pty Limited, part of international ticketing platform SeatGeek. Click here to contact SeatGeek Asia Pacific via their entry in…read more
Ardent Leisure reveals theme park investment strategy
Two years after its disastrous annual general meeting in the wake of the Thunder River Rapids tragedy, Ardent Leisure has revealed a strategy for Dreamworld to “become the premier family leisure and entertainment destination in Australia” at its latest AGM this week.
Advising that it is to invest in its theme park business, the strategy charts investments in rides and attractions (both land and water-based), wildlife and indigenous culture and history.
Investment in new rides and attractions includes the new $15 million Sky Voyager iRide simulator along with plans for a $15 million extension to WhiteWater World; a new Dreamworld Wildlife Foundation which supports koala conservation research, and an expansion to the Dreamworld Corroboree attraction showcasing the history and culture of Aboriginal and Torres Strait Islander people.
A masterplan is also being developed to “maximise the value of surplus land” around the park.
At the meeting, Group Chairman Dr Gary Weiss told shareholders “there is no greater priority for Ardent than striving to achieve global best practice safety standards.
“We are continuing to focus on safety improvements and enhancements across all aspects of the park and reconfirm our commitment to implementing all coronial inquest recommendations in consultation with Workplace Health & Safety Queensland and the theme park industry.”
In the US, Dr Weiss advised of ongoing expectations for its Main Event business.
Dr Weiss said this year has been another challenging year for Ardent, adding "however, I am pleased to say that we are making good progress across many areas of our business".
"The board remains committed to restoring value for securityholders and we are excited about the opportunities that lie ahead for our theme parks business in Australia and Main Event Entertainment in the United States.”
The Group revealed that revenue from continuing operations, which include the theme park business and US-based Main Event Entertainment, was up 16%, driven by a revenue increase of more than 20% for Main Event, while theme parks revenue declined by 1.4%.
Images: WhiteWater World is set for a $15 million extension (top) and an artist's impression of the Sky Voyager iRide (below).
2nd November 2018 - Dreamworld begins countdown to Sky Voyager launch
26th September 2018 - Ardent Leisure facing naming challenges with new Dreamworld simulator ride
5th September 2018 - Dreamworld partners with Canberra’s National Zoo to aid Wild Tiger Conservation
22nd August 2018 - Ardent Leisure losses grow as Dreamworld’s value declines by $75 million
27th October 2016 - Ardent Leisure in turmoil after Dreamworld ride tragedy
19th July 2012 - Dreamworld and WhiteWater World thrilled with TripAdvisor ratings
26th February 2018 - Ardent Leisure cuts losses, announces new Main Event Chief Executive
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 www.ausleisure.com.au 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.
The Complete Guide to Leisure Industry Products & Services.
Myzone is the industry’s leading wearable technology solution. Myzone’s wearable products show and reward effort when you work out. It displays accurate real-time heart rate, calories, and…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…read more
The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
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
Rhinoplay offers playground equipment in Australia that is safe, durable, and most importantly fun! We specialise in creating unique indoor playgrounds for play centres and outdoor playgrounds for…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!