Friday, March 13, 2009

GREAT ADVENTURE Owner In Financial Trouble

(From The Journal News -- By Michael L. Diamond)

SIX FLAGS GREAT ADVENTURE in Jackson, NJ will operate business as usual this summer, a park official said today, even as its parent company weighs bankruptcy in a scramble to pay back investors.

ANGEL ARISTONE, a spokeswoman for the Jackson theme park, said Great Adventure is profitable.

It isn't raising the daily admission fee of $39.99 online or $49.99 at the gate.

And it is turning its attention to new attractions.

Six Flags has struggled to become profitable since Washington Redskins owner DANIEL SNYDER bought the company in 2005 and turned it over to former ESPN executive MARK SHAPIRO to to manage.

Great Adventure Owner In Financial Trouble

Kraig Bailey, thanks for the post.

1 comment:

Anonymous said...

There goes my incredibly bright idea of buying Six Flags stock!!!