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4-Traders Homepage  >  Equities  >  Nyse  >  Six Flags Entertainment Corp    SIX

SIX FLAGS ENTERTAINMENT CORP (SIX)
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Six Flags Entertainment : World’s Tallest Pendulum Ride, CraZanity, Debuts at Six Flags Magic Mountain

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07/13/2018 | 12:44am CEST

Now 365 Days of Thrills

Newly Themed Boardwalk Area Includes Renovated Attractions, Dining, Games and Shopping

Six Flags Magic Mountain, the undisputed “Thrill Capital of the World,” today debuted CraZanity, the world’s tallest pendulum ride. At a record-breaking 170-feet in the air, the massive giant disk reaches speeds up to 75 miles-per-hour, as it whips back and forth — higher and higher giving riders a staggering view of the world below them.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180712005907/en/

Six Flags Magic Mountain adds another addition to the park's extensive list of record-breaking rides ...

Six Flags Magic Mountain adds another addition to the park's extensive list of record-breaking rides with the debut of CraZanity, the tallest and fastest pendulum ride in the world. Reaching a world-record 170-feet high and swinging back and forth at speeds up to 75 miles-per-hour, CraZanity is the newest jewel in the park's thrill dynasty. (Photo: Business Wire)

“Six Flags is known world-wide for the biggest and best thrills bar none and the record-breaking CraZanity ride delivers a crazy, high adrenaline experience very different from anything else we have in our unparalleled thrill ride arsenal,” said Park President, Neal Thurman. “With 100 extra operating days, we are now open every single day which greatly expands our travel industry opportunities and allows us to better leverage the vast population of 24 million Southern California residents.”

The new 365-day operating calendar enables the Los Angeles-based theme park to work extensively with the destination travel markets. Southern California is a noted theme park mecca, welcoming more than 47 million visitors annually. Six Flags now has an operating schedule on par with all other theme parks in Southern California.

The park has done an extensive renovation of the Boardwalk area with new theming and attractions. Highlights include:

  • CraZanity – where 40 riders experience weightlessness swinging at speeds up to 75 miles-per-hour, and reaching a world-record 170-feet high;
  • Enhanced attractions featuring the Jammin’ Bumper Cars; and
  • New dining, games and shopping venues.

Six Flags Magic Mountain 2018 Season Passes and Memberships are currently on sale. Members can now enjoy priority park entry and tremendous discounts of up to 50% on nearly all food and merchandise purchases all season long. Members also receive skip-the-line passes, sneak previews, and extended ride times on some of their favorite rides and attractions. For more information, visit www.sixflags.com/magicmountain.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with $1.4 billion in revenue and 25 parks across the United States, Mexico and Canada. For 57 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions. For more information, visit www.sixflags.com.

Follow us on Twitter @sfmagicmountain

Like us on Facebook at facebook.com/sixflagsmagicmountain


© Business Wire 2018
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Financials ($)
Sales 2018 1 476 M
EBIT 2018 464 M
Net income 2018 239 M
Debt 2018 1 952 M
Yield 2018 4,67%
P/E ratio 2018 24,21
P/E ratio 2019 21,56
EV / Sales 2018 5,15x
EV / Sales 2019 4,88x
Capitalization 5 651 M
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Number of Analysts 11
Average target price 73,2 $
Spread / Average Target 8,2%
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NameTitle
James W. P. Reid-Anderson Chairman, President & Chief Executive Officer
Mario Centola Vice President-International Operations
Marshall Barber Chief Financial Officer
David Austin Chief Information Officer
Usman Nabi Independent Director
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