Lander & Rogers' Sports Business Group is the leading sports law practice in Australia, representing over 150 national and international sporting bodies. Our clients include international…read more
Wet’n'Wild Sydney operator Parques Reunidos reports rising profits
Global attractions operator Parques Reunidos, the new owner of the Wet'n'Wild Sydney waterpark, has reported a €13 million (US$14.5 million) net profit on its global operations over its last fiscal year, which ended on 30th September 2018.
The figure represents a 14.5% increase on the previous year and a significant reversal from the the first quarter of the year when the Spain-based operator recorded losses of €45.8 million (US$51.3 million).
Submitting its accounts for shareholders' approval, the Parques Reunidos board also ratified the appointment of José Díaz as Chief Executive for the statutory term of four years.
Diaz is currently leading the development of a new strategic plan that will be announced to the market in the coming months that will focus on returning to the path of organic growth, integrate and achieve the expected profitability of the acquisition of Tropical Islands and execute the plan of investments efficiently.
The group has also recently completed its largest ever acquisition, the purchase of the Tropical Islands indoor waterpark in Germany, for €226 million euros (US$253 million), as reported by the leisure group to the National Securities Market Commission (CNMV).
The purchase was financed through an additional tranche of the group’s existing syndicated credit line.
Attraction about 1.3 million visitors a year, Tropical Islands is the largest covered waterpark in the world and offers a range of attractions over a 600 hectares. It is located about 60 kilometres south of Berlin and close to the cities of Dresden and Leipzig, as well as Poland and the Czech Republic.
One of the world's largest attractions businesses, Parques Reunidos operates more than 60 theme and amusement parks, zoos, waterparks, family entertainment centres and cable car attractions in 14 countries.
The company has made no statement on operations at Wet'n'Wild Sydney since completing its acquisition of the waterpark in October last year.
Image: The Tropical Islands indoor waterpark in Germany.
28th February 2019 - US-based aquatic safety consultants award Wet’n'Wild Sydney lifeguards
31st January 2019 - José Díaz appointed Chief Executive of Parques Reunidos
11th October 2018 - Parques Reunidos completes Wet’n'Wild Sydney acquisition
3rd September 2018 - Dubai Safari to reopen under Meraas management
17th February 2018 - Village Roadshow reveals ‘incredibly disappointing’ results for Wet’n'Wild Sydney
27th August 2014 - New General Manager to steer Wet’n’Wild Sydney’s second season
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.
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
At EventPro Software, we are proudly different from our industry competitors. We have a development-driven culture and 20 years’ experience in event, venue, and catering management software,…read more
Fitness On Demand™ is a market-leading developer of virtual group fitness products. Our innovative video delivery systems offer robust content and a simple-to-use, comprehensive web app. Fitness…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
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 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
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!