Whether your goal is increasing your centre's revenues or creating an engaging environment, why not add play to your project? If you're looking for stylish aquatic play features, kid-tested…read more
Merlin snaps up Living and Leisure Australia
Global leisure operator Merlin Entertainments has launched a $140 million bid for the Living and Leisure Australia Group (LLA), the owner of the Melbourne Aquarium, Underwater World Mooloolaba and the Victorian ski resorts of Hotham and Falls Creek.
LLA Directors have advised that they support the cash offer from Merlin's Australian subsidiary, subject to an independent expert's report and in the absence of a superior proposal.
The offer price of 5.14 cents per Living and Leisure stapled security represents a 157% premium to their last closing price before the bid was made.
Merlin, which owns the global Madame Tussauds and Eye brands owns the Sydney Aquarium, Oceanworld Manly and recently rebranded WildLife Sydney, Sydney Tower Eye and Skywalk. Its existing Australian attractions were acquired from Village Roadshow.
LLA also owns assets in Asia, including Siam Ocean World in Bangkok, Shanghai Chang Feng Ocean World in China and Busan Aquarium in South Korea.
Chief Executive Nick Varney said the acquisition would increase Merlin's exposure to Asia and Australia, stating "completion of this deal, together with our existing ongoing development, would represent an important step in our growth strategy for the region."
"Merlin has a strong track record of growing the assets it buys. The acquisition of LLA would open up new markets to us and facilitate the continuing rollout of Sea Life, Madame Tussauds, Eye and Legoland brands in (the) Asia Pacific Group region, complementing our existing strength in Western Europe and North America.
"Merlin has a strong track record of growing the assets it buys. The acquisition of LLA would open up new markets to us and facilitate the continuing rollout of Sea Life, Madame Tussauds, Eye and Legoland brands in (the) Asia Pacific Group region, complementing our existing strength in Western Europe and North America."
Merlin plan to open Madame Tussauds Sydney next year.
30th August 2010 - AQUARIUMS SINK LIVING AND LEISURE RESULTS
28th October 2008 - NEW RIDE FOR SYDNEY TOWER
23rd May 2008 - LIVING AND LEISURE AUSTRALIA TO RECAPITALISE
12th February 2008 - DOWNHILL FOR MFS ASSETS
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.
Gunnebo is a global provider of security and access control solutions and services with sales companies in 31 countries in Europe, the Middle East, Africa, Asia, the Americas and Australia.…read more
HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…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
Regupol Australia Pty Ltd offers a comprehensive range of recycled rubber fitness and leisure flooring surfaces. Their range of products include everroll rubber flooring, Regupol elastic…read more
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
Goplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…read more
revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!