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ITPS Amusement INdustry News
February 20, 2008
No where else can you find more news covering the amusement and leisure industry! When news hits, you can be certain that will deliver it to you.
ITPS has proudly served the leisure industry since 1983. Visit http://www.interthemepark.com for more information.
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Amusement/Theme Park News
Group purchases Indiana Beach QUEENSBURY, New York - Morgan RV Resorts today announced the acquisition of Indiana Beach Amusement Resort in Monticello. The purchase includes the northwest Indiana resort's entire operations including the Indiana Beach Boardwalk and Funway amusement park and water park, Indiana Beach Camp Resort, Yogi Bear's Jellystone Park Camp-Resort at Indiana Beach, The Beach House Inn hotel and motel, Lakeview Penthouse Suites, cottages at The Beach Club Resort and Hoosier Pointe, the Shafer Queen paddle wheel boat, The Fun Zone, a lakefront sandy beach, the Skyroom Restaurant and multiple dining and retail operations. The resort complex will open for the 2008 season on May 3.
Plan for Eloy music theme park may include Fender Fender, the Scottsdale-based guitar maker, intends to be part of the effort to create a rock-and-roll theme park in Pinal County, although officials could not say Tuesday precisely what the company's role would be. "We are going to be involved, and in what capacity still needs to be resolved," said Clay Lyons, business-affairs manager for Fender. "We're still getting some details ironed out."
Donations collected for park fire insurance CONNEAUT LAKE -- When an already punch-drunk Conneaut Lake Park absorbed another knee-buckling blow in the form of a devastating fire, many who have faithfully stood in its corner started passing the hat. What was initially missing from those knee-jerk responses to the Feb. 1 fire that leveled the park's historic Dreamland Ballroom was a defined destination for those donations.
Dinosaur park promises mega fun The expansive 150-acre dinosaur park, set to come to New Caney in mid-2010 if all goes as planned, promises to deliver fun for the entire family. Since the demise of Astroworld has left some in the area hungry for a theme park, this new venture cannot come a moment too soon.
Knott’s Berry Farm Gears up for Adventure and Sets out on Safari March 15th through 30th BUENA PARK, Calif.--(BUSINESS WIRE)--Calling all explorers! Knott’s Berry Farm’s Camp Snoopy is “striking camp” and setting off on Snoopy’s Spring Safari. What was once a quiet retreat in the wilderness, has been transformed into a wild expedition into the untamed jungle featuring a variety of activities for explorers ages 11 and under.
Busch Gardens announces 2008 special events Third Day, Natalie Grant and Peter Frampton are a few of the performers who are scheduled to play at Busch Gardens Europe this season, park organizers announced today. The theme-park opens on March 21. Here is a list of special events.
Investors drawn to land near Hard Rock The Hard Rock Park hasn't opened yet, but it's already drawing a crowd of investors and developers aiming to stake claim on land surrounding the park. A few developers are looking to buy an $8 million tract south of the park to build hotels or multifamily housing. Other buyers have scooped up homes in nearby neighborhoods such as Azalea Lakes, Cimerron and Hunters Ridge.
Waterpark News
Great Wolf Resorts Reports Fourth Quarter 2007 Results Adjusted EBITDA and Adjusted EPS Exceed Company's Earnings Guidance and Consensus Analyst Estimates MADISON, Wis., Feb. 20 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. NASDAQ: WOLF, North America's leading family of indoor waterpark resorts, today reported results for the fourth quarter ended December 31, 2007.
Destin waterpark undergoing expansion By the time Big Kahuna’s opens for summer, the first step in its planned expansion will be complete, General Manager Bob Cordier says. The Destin waterpark filed last year for a permit to expand and renovate the park. Cordier told The Log that the city has approved the expansion and work on a new ride began two weeks ago.
Lodge builds indoor water park for guests only IN Tucked in among the rolling hills of Brown County State Park, the Abe Martin Lodge has been welcoming guests for more than 70 years. Over that time, the lodge has grown - adding an annex building that nearly tripled its capacity. There's a restaurant, a pair of lobbies for relaxation and verandas that overlook scenic views of the park. This spring, Abe Martin Lodge will have one more amenity to offer its guests. Before Memorial Day, reports Gary Miller, the lodge will open a 12,000-square-foot indoor water park.
Couple sues local water park company PORT CLINTON – A Fairlawn woman and her husband sued a Danbury Township water park last week after the woman was hurt in a go-kart accident there in 2006. Mary Margaret and William Gillespie are asking for more than $25,000 in damages from Monsoon Lagoon, which is based in Las Vegas, according to the lawsuit filed in Ottawa County Common Pleas Court. The park itself is located on South Danbury Road.
Aquarium/Zoo News
Zoo to break ground on new bear exhibit Great Bear Wilderness open by summer 2009 Brookfield Zoo says goodbye to an era soon, perhaps as early as this week, when a wrecking ball begins demolishing Ibex Island to make room for a new North American exhibit that will include a state-of-the-art bear exhibit and a new space for the zoo's bison.
FEC/LBE/Museum News
CEC Entertainment Reports Fourth Quarter and Fiscal Year-End Earnings CEC Entertainment, Inc. (NYSE:CEC) today announced earnings for the fourth quarter and fiscal year-ended December 30, 2007. Revenues for the fourth quarter of 2007 and fourth quarter of 2006 remained constant at $175.1 million, as growth from new store development was offset by a decline in comparable store sales of 2.7%.
Dave & Buster's, Inc. Retains Jefferies & Company to Explore a Possible Sale; Announces Debt Reduction DALLAS, Feb 19, 2008 (BUSINESS WIRE) -- Dave & Buster's, Inc., a leading operator of high volume entertainment/dining complexes, today announced that it has retained Jefferies & Company, Inc. to assist the company in exploring a possible sale and has reduced debt under its senior credit facility.
Parks commission set to unleash The Fury Few details released publicly on new Table Rock attraction The Niagara Parks Commission is keeping a tight lid on details about its upcoming new attraction at Table Rock. At least, that's the marketing strategy so far. The commission has hired St. Catharines-based public relations firm OEB Enterprise to start laying clues about Niagara's Fury, a new high-tech attraction opening this summer. It's part of a $38 million revamp underway at Table Rock.
Madame Tussauds to open in Berlin, July 2008 Merlin Entertainments Group, the European-based, leading name in family entertainment, and largest visitor attraction operator in Germany, is set to open a Madame Tussauds attraction in Berlin in July 2008.
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Contact:
Shawn M. Haas
Vice President of Retail, Operations and Information Technology
International Theme Park Services, Inc
2195 Victory Parkway
Cincinnati, OH 45206
513-381-6131 Phone
513-381-2756 Fax
http://www.interthemepark.com
shawnhaas@interthemepark.com
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ITPS Services
ITPS provides a full spectrum of services to all types of attractions no matter the size, small to large.
Below are some of the services that ITPS' experienced team of experts can provide:
- Acquisitions / Mergers / Property Valuation / Due Diligence
- Feasibility Analysis
- Facility Audits
- Concept/Design / Masterplanning
- Business Plans
- Planning/Development
- Project Management / Construction
- Financial Development
- Maintenance Programs
- Executive Search
- Marketing / Group Sales / Sponsorship
- Executive/Employee Training / Manual Development
- Loss Prevention / Safety/Security Programs
- Entertainment Programs
- Long-Range Planning
-
Operational Planning
Attractions Development - Ride Bid/Negotiation / Ride Procurement
- General Management
Call 513-381-6131 for more information on how ITPS can assist your facility!
25 Years...
Through the good, the bad and the ugly, International Theme Park Services, Inc. (“ITPS”) continues to provide the industry with its skilled services internationally.
ITPS celebrates its 25th year in 2008 and has served over 450 projects in over 40 countries! Considered a leader in the industry by the many companies who have used ITPS’ services, ITPS is still growing and offering its knowledge and experience to every continent. Dennis Speigel, President of ITPS, is a past president of the IAAPA and remains active on their Board of Directors. He is called upon by people throughout the industry to advise and recommend on projects. A leader today and for the future, ITPS is there when you need assistance.
Feasibility, design, pre-opening planning, business audits, on-site training and management…ITPS is still leading the industry into the future.
Leisure Capital Resources
International Theme Park Services provides merger, acquisition, financial, and strategic advisory services to public and private entertainment companies that wish to acquire or sell a business, raise equity capital, raise or restructure debt, or sell real estate.
Contact: Dennis Speigel at 513-381-6131 or Howard Kahn at affiliated Leisure Capital Resources in New York at 516-621-5183.