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ITPS Amusement INdustry News
February 22, 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
Report says Disney theme park for Shanghai likely to move ahead soon, but company denies deal SHANGHAI, China: A long-anticipated plan to build a Disney theme park in Shanghai is likely to move ahead soon, a state-run newspaper said Friday, though the company denied the report. The Shanghai Securities Journal, citing an unnamed official, said the park is due to be built in the southern outskirts of Shanghai's Pudong district and has already received needed government approvals.
Company charged over girl's theme park death The owner of a theme park was summoned to court today following an incident nearly four years ago in which a teenage girl was killed. Sunday school teacher Hayley Williams was ejected from the top of the spectacular Hydro ride at Oakwood Theme Park in Pembrokeshire, West Wales, as it began an almost vertical descent into a plunge pool.
Magic Mountain expansion plans revealed VALENCIA - Hoping to end persistent rumors that Six Flags California will close and be replaced by more of the housing tracts that climb Valencia's hillsides, top brass talked Thursday about expansion plans for 2008. The $14 million plans touch both ends of the spectrum with a new kiddie area called Thomas Town under construction and a face-lift for the thriller coaster X, closed last year for transformation as X2: Xtreme to the Second Power.
Disney World wins dismissal of lawsuit challenging Segway rule The legal challenge had sought to allow disabled visitors to use Segways in Disney's theme parks. A federal judge in Orlando has thrown out a lawsuit against Walt Disney World aimed at forcing the company to allow disabled visitors to ride two-wheeled Segways in its theme parks.
Water-saving measures will let Six Flags open The record-setting drought prompted an unusual deal this week between Six Flags Over Georgia and Cobb County. In exchange for installing low-flow toilets, urinals and faucets, the park will be allowed to operate its water rides when it opens March 1.
Jolly Roger Takes Message To County SNOW HILL – The introduction of state legislation allowing Worcester County and Ocean City to reduce taxes for Trimper’s Rides at the Boardwalk prompted Jolly Roger Amusement Park to ask for the same consideration this week, but the County Commissioners will not vote on their support for a tax break for Jolly Rogers until they see the draft legislation.
Theme park launches “Name the baby dolphin” contest SANTO DOMINGO.- Dolphin Island Park is holding the contest “Name the baby dolphin,” to celebrate the birth of the first dolphin in its facilities on August 2007.
O'Grattan to take over Disneyland operations; Carter to lead Hollywood Studios Operations at Disneyland, the granddaddy and cornerstone of Walt Disney Parks and Resorts, is being placed into the hands of Michael O'Grattan, currently vice president of Disney's Hollywood Studios.
Waterpark News
Zoombezi Bay slides toward its May opening at Columbus Zoo With ongoing construction projects totaling $45 million, the zoo's May opening of the Zoombezi Bay water park is only part of the future enhancement of the visitor experience at the complex following the 2006 buyout of Wyandot Lake.
Personal cabana awaits at Aquatica A fancy factor of Aquatica, the new water park of SeaWorld Orlando, will come in the form of 18 "personal cabanas." It's a concept that drifted over from Discovery Cove, SeaWorld's other attraction. I haven't spied the cabanas -- they'll be ensconced across the white-sand beach area, which wasn't completed when I had a peek recently. But paying extra for personal space/beachfront property may be tempting.
Aquarium/Zoo News
Aquarium renovation plans scaled back The spectacular renovation of the New York Aquarium in Brooklyn is being watered down because of soaring costs, sources said Thursday. The original design, which included thousands of LED lights and a dazzling whale-like shape, will be scrapped because estimated costs have swelled from $125 million to $200 million, sources said.
Council OKs zoo entry fee hike The City Council voted Thursday night to raise admission prices at the Tulsa Zoo and Living Museum for the first time in six years. An increase of $2 for adults and senior citizens and $1 for children will take effect March 1.
Zoo tiger takes stroll outside its enclosure Honolulu Zoo administrators will review the zoo's animal holding procedures after an incident yesterday in which a 245-pound male Sumatran tiger walked out of its enclosure and briefly roamed into an unsecured area.
Chester Zoo's membership hits new record CHESTER ZOO annual memberships are at an all time high, with a record 31,000 people signed up. Zoo members pay an annual fee, which entitles them to many benefits, including unlimited free admission throughout the year during normal public opening times, free admission to other leading zoos, 20 per cent discount in the zoo gift shops, restaurants and cafes and a quarterly full colour zoo magazine.
FEC/LBE/Museum News
Too Much 'Rancor' Creeps in to Bass Pro Deliberations Day two of the Bass Pro Pyramid road show came with political overtones, a quick exodus from a meeting room and agreement that the retailer probably won't pay any rent to the city and county. Pyramid project director Robert Lipscomb Wednesday presented terms of the tentative development agreement to Shelby County Board of Commissioners. Memphis City Council members were briefed Tuesday.
CEC Entertainment Q4 2007 Earnings Call Transcript Welcome to our conference call I’m Mike Magusiak President of the company and I’m joined by Dick Frank our Chairman and CEO and Chris Morris our Executive Vice President and CFO. Before we begin today’s discussion I’d like to make you aware that some of the information presented today may contain forward-looking statements that involves risks and uncertainties that could cause actual results to differ materially from those implied in the forward-looking statements.
Other News
GE Says No To NBCU Selloff, Wall Street Disagrees GENERAL ELECTRIC CEO JEFF IMMELT was adamant in December when he declared the multinational conglomerate "is worth more with NBC as part of it than it would be without NBC." The public sale of NBCU's broadcast, cable, film, theme park and Internet businesses could collectively generate at least $45 billion, or 14.5 times estimated 2008 earnings.
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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:
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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.