Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…read more
Ardent Leisure shareholders launch class action over Dreamworld deaths
The Ardent Leisure Group has acknowledged that it has been served with a shareholder class action as a result of the deaths of four people at Dreamworld on the Gold Coast in October 2016.
The proceedings have been filed by Piper Alderman in the Federal Court of Australia on behalf of people who acquired shares in Ardent between 17th June 2014 and 25th October 2016 and allege contraventions of the Corporations Act.
In a statement to the ASX acknowledging the legal action, the company advised “Ardent strongly denies any contraventions as alleged and believes the proceedings to be without merit.
“Ardent intends to vigorously defend the proceedings.”
The company said it would keep its shareholders informed of any developments in the class action.
Earlier this year, an inquest into the deaths of four people on Dreamworld's Thunder River Rapids ride at Dreamworld in 2016 found a “systemic failure” in all safety aspects leading up to the incident.
The Queensland Coroner’s report warned the company could face fines up to $3 million if convicted of suspected breaches of workplace law.
Dreamworld is currently closed as a result of the Coronavirus pandemic and, experiencing losses reported to be a much as $10 million a week, has yet to announce when it will reopen.
29th April 2020 - AALARA updates members on attractions sector challenges
25th February 2020 - Ardent Leisure shares fall after critical Coroner’s report into Dreamworld tragedy
25th February 2020 - Ardent Leisure faces possible prosecution over 2016 ride deaths
24th February 2020 - AALARA highlights Australian theme parks’ ongoing safety commitments
8th February 2020 - Dreamworld permanently closes Rocky Hollow Log Ride
8th April 2019 - Ardent Leisure borrows $225 million for attractions investment
13th March 2019 - Ardent Leisure shares hit seven-year low
7th December 2018 - Dreamworld reputation savaged at inquest
22nd November 2018 - Ardent Leisure reveals theme park investment strategy
22nd August 2018 - Ardent Leisure losses grow as Dreamworld’s value declines by $75 million
30th June 2018 - Ardent Leisure issues statement of apology over Dreamworld deaths
29th September 2017 - Gary Weiss takes on Chairman’s role at Ardent Leisure
4th September 2017 - Ardent Leisure invites rebel shareholders to join board
23rd February 2017 - Dreamworld closure drags Ardent Leisure to $49 million half year loss
9th February 2017 - Dreamworld tragedy causes dive in Ardent Leisure revenue
2nd November 2016 - Ardent Leisure share price continues to fall amid safety scrutiny
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.
Over the past 10 years Debitsuccess has been providing expert billing services to businesses across Australia. Debitsuccess is now the largest full service direct debit provider in Australasia,…read more
About Priava's Technology - Priava is a cloud-based and centralised venue and event management system aimed at venues of all sizes. With its familiar and easy-to-use web interface, the…read more
The P.A. People is a specialist integrator and contractor in sound reinforcement, audio visual systems, performance lighting and production communications. Over its almost 50 year history the company…read more
Polin was founded in Istanbul in 1976, and has since grown into a leading company in the waterparks industry. Today Polin is one of the world leaders in the design, production, and installation of…read more
@leisure is a team of experienced leisure, aquatic and sports facility managers and planners, with market modelling, sports management, recreation planning, business and GIS qualifications. We have…read more
Summit Fitness Equipment is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
Intelligenz provides Leisure Management Software for managing all your Program Registrations, Facility Bookings, Membership Sales and POS Transactions; including detailed Reporting, automated…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!