Technogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia and Australia, Technogym exports its…read more
Parques Reunidos completes Wet’n'Wild Sydney acquisition
The sale of the Wet'n'Wild Sydney waterpark to Spanish attractions operator Parques Reunidos has been completed.
Village Roadshow Limited (VRL) has announced that the sale of the waterpark, which opened for its sixth season on 22nd September, was completed as of 3rd October.
The Australian company advised, in a statement, that “the net proceeds of the sale - approximately $37 million - will be used to reduce VRL’s debt levels.”
Parques Reunidos, through its attractions operations division Palace Entertainment, has already introduced some changes to the attraction.
Tony Brancazio, until recently a Regional General Manager for Palace Entertainment in the USA and longtime manager of Wet'n Wild Emerald Pointe, located in the US state of North Carolina, has been named General Manager of the Sydney attraction while Viva Ticket access control systems are being installed at the waterpark.
Parques Reunidos has indicated that the Wet'n'Wild Sydney acquisition is the first step for expansion in the southern hemisphere, with the waterpark constituting a platform for growth in the region through further acquisitions.
Advising that Australia’s thriving tourism industry is an attractive market for Parques Reunidos, Chief Executive Fernando Eiroa recently commented “this is a unique opportunity for Parques Reunidos to access the Australian market, grow in the region through further acquisitions and develop indoor entertainment centres.”
Article amended 14th October 2018.
3rd September 2018 - Dubai Safari to reopen under Meraas management
19th July 2018 - Enta Australasia rebrands as VIVATICKET
17th February 2018 - Village Roadshow reveals ‘incredibly disappointing’ results for Wet’n'Wild Sydney
13th January 2018 - Wet’n’Wild Sydney presents summer time motocross thrills
29th November 2017 - Village Roadshow moves away from low cost theme park passes
7th December 2016 - Inflatable waterparks the ‘big thing’ of the summer
25th September 2015 - Wet’n’Wild Sydney now open for its third season
14th June 2015 - Temperatures the key at Asian Waterparks in 2014
29th November 2013 - Village Roadshow sells US waterparks
3rd November 2013 - Wet’n'Wild Sydney announces 12th December opening
6th June 2013 - Asia leads global growth in theme park and waterparks attendance
10th September 2009 - Wet’n'Wild in Top 10 of World Waterparks
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.
Trisley's Hydraulic Services P/L (THS) are a specialised pool company dealing with all aspects of the commercial swimming pool industry, including the installation and servicing from the smallest…read more
Crystal Pools has a solid history of performance on a wide variety of government and commercial projects and is the name behind many of Australia’s most innovative and ambitious aquatic…read more
Turnstile Entry Systems and Access Control Centaman Entrance Controls’ Award Winning Range of Access Control Systems includes tripod & triarm turnstiles, speedgates, full height…read more
Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…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
The Fitness Generation is now part of NovoFit - see www.ausleisure.com.au/suppliers/novofit/read more
Digonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!