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
Village Roadshow advances plans for Asian theme and water parks
Buoyed by the huge success of its Wet'n'Wild Sydney waterpark, Melbourne-based entertainment group Village Roadshow is advancing its previously announced plans to expand in Asia.
The cinema, entertainment and theme park group has recently announced its interest in nine new attractions sites in China and Malaysia and is looking trebling the number of Gold Class cinema complexes in the US.
After last year agreeing to build and operate its first Chinese attraction on the southern Chinese island of Hainan, Village Executive Chairman Robert Kirby said the company was assessing six new prospective sites in China and three in Malaysia.
Kirby told The Australian "we are moving into the phase now with the development and government people who are putting these projects together, they are starting to engage in detailed research and assessment of the sites.
"We are looking at sites in Beijing, Shanghai, down south in Guangdong - which includes the Shenzhen area - and into other areas of China where there is population and tourism."
According to a report in The Australian, Village recently two delegations of Chinese investors to tour its local theme park properties.
Village last year signed a deal with the Hong Kong Stock Exchange-listed Guangzhou R&F Properties to build $550 million versions of its Gold Coast theme parks Sea World and Wet'n'Wild WaterWorld.
Village is also the lead consultant in the design team developing the park and will be the exclusive operator of both Hainan R&F Ocean Paradise and Hainan Wet'n'Wild for at least the next 20 years, but will hold no economic interest in the site.
Kirby said the Hainan Island development was progressing well and was on track to open in the first half of next year.
The international expansion of the theme park business is expected to see it make up as much as 60% of Village's earnings in the coming years, up from the current level of just below 50%.
In February, Village announced that its newly opened Wet'n'Wild Sydney waterpark had boosted its profits by almost $6 million in its first few weeks of operation.
Village Roadshow's half year accounts show that more than 160,000 season passes were sold for the new Sydney waterpark prior to its opening on 12th December, generating $12.5 million in revenue.
In the USA, Village is rolling out its IPic Gold Class cinema concept in several states after it outperformed trading expectations in the first half year of its operations.
19th February 2014 - WET'N'WILD SYDNEY BOOSTS VILLAGE ROADSHOW PROFITS
29th November 2013 - VILLAGE ROADSHOW SELLS US WATERPARKS
1st April 2011 – VILLAGE ROADSHOW TO DEVELOP CHINA THEME PARKS
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.
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
Founded in 1961, Myrtha Pools® quickly became Italy’s première swimming pool company, and has since grown into one of the world's leading swimming pool construction…read more
Aflex Technology are the experts in all things inflatable. They are industry leaders offering the widest range of pool, lake and beach inflatables on the market. All products…read more
INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…read more
PathMinder Pty Ltd have partnered with AllUser Industries srl to bring Europe’s most advanced high security portals to the Australian and New Zealand markets. AllUser Industries started to…read more
AQUASPIN™ - Aqua Cycling Aquaspin™’s sessions have been specially designed by our Master Trainer to be challenging yet fun group cycling sessions. Each session is tailored to…read more
iEDM integrate Design, Engineering and Delivery Management services to convert existing spaces into exciting new entertainment venues. Our team consists of highly qualified professionals with diverse…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!