SeatGeek is a search engine and mobile-focused ticket marketplace that allows fans to buy and sell tickets for live events. As of August 2018, SeatGeek has exited the Australian, New…read more
Rainbow’s End celebrates 30 years with record attendances
New Zealand Experience Limited, owner and operator of Rainbow's End Theme Park, has reported the highest level of attendance since acquiring the company 17 years ago.
Following the experience of an extraordinarily wet and windy Auckland summer, Rainbow's End has recovered dramatically, attaining visitation of 307,000 for the year ended 30th June 2012 - a result ahead of forecast.
New Zealand Experience Limited has reported a full year profit of $1,434,000 for the year.
The result recognises one-off expenses associated with new facilities under construction; and excluding these costs, the annual profit would have been $1,626,000, up 12% on a comparable basis to the prior year.
Resulting from this strong performance, the Board of directors has declared a fully imputed dividend of 2.90 cents per share, a yield of 11.2% before tax for shareholders.
Chairman Rodney Walshe reports "the excellent financial results have been achieved in a tough financial year, when many companies experienced declining revenues and is attributed to effective marketing strategies and initiatives, along with assiduously controlled operating expenses.
"This result is a credit to the entire Rainbow's End team and has again enabled a good dividend to be paid to shareholders and a strong programme of capital reinvestment to be maintained."
Rainbow's End's latest major capital project, 'Kidz Kingdom', will cater for children eight years and under, and is progressing on schedule. The attraction will open in two stages, with the first being due to be completed by Christmas, with full completion by Easter 2013.
Walshe adds "Kidz Kingdom will be an all-weather attraction, equally appealing in winter and summer, and will be open 364 days of the year, only excluding Christmas Day!"
The 2,900 metre2 attraction will comprise of an outdoor covered area which will include new rides as well as many of the present attractions, and a fully enclosed area featuring separate birthday rooms, state-of-the-art interactive games, a stage and a modern café.
Plans are also underway for the next major attraction at Rainbow's End, which will cater for a wider age group.
Celebrating 30 years in business, Rainbow's End's on-going investment programme will ensure the Park will continue to be a major attraction for Auckland residents and visitors for many more years to come.
For more information go to www.rainbowsend.co.nz
4th August 2012 - RAINBOW’S END OWNER SEEKING A BUYER
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.
ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…read more
Vlocker Pty Ltd has been designing, manufacturing, installing and servicing locker systems worldwide since 1995. Vlocker specialises in providing locker solutions to suit client requirements in…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
The Calgym/Synergy group has had a long and proud history since 1976 as world leaders in the innovation, design and evolution of commercial strength and conditioning equipment. The Synergy group was…read more
Aerobic Microphones Australia provides audio products for the fitness industry. Products include the sweat resistant Cyclemic and Aeromic headworn microphones and pouchbelts that are made in…read more
Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!