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Top related persons:
Selim Bassoul - 2 Eric Thayer - 1 Knotts - 1 Looney - 1 Richard Zimmerman - 1 Selim Bassoui - 1 Universal - 1 Dennis Speigel - 1
Top related locs:
North America Texas Valencia , California Florida Cincinnati Coney Island York Coney's
Top related orgs:
Six - 3 Fair - 2 Dominion - 2 Six Flags - 2 Bloomberg - 1 Getty - 1 Disney - 1 Comcast's - 1

Search resuls for: "Bassoul"


5 mentions found


☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
  + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com   time to read: +14 min
Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.
Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St
☆ Six Flags Merges With Cedar Fair, a Rival Amusement Park
  + stars: | 2023-11-02 | by ( Santul Nerkar | More About Santul Nerkar | ) www.nytimes.com   time to read: +1 min
Six Flags, an amusement park corporation, is merging with its rival Cedar Fair in an $8 billion deal, the two companies announced on Thursday. Together, they will operate 27 amusement parks, 15 water parks and nine resort properties in North America. Combining the companies would generate more than $3 billion in revenue, the companies projected in a statement. “The combination of Six Flags and Cedar Fair will redefine our guests’ amusement park experience as we combine the best of both companies,” said Selim Bassoul, the president and chief executive of Six Flags. Cedar Fair operates popular parks such as Carowinds in Charlotte, N.C.; Kings Dominion in Doswell, Va.; and Canada’s Wonderland in Ontario.
Persons: ”, Selim Bassoul Organizations: Fair, Six, Dominion, Six Flags Locations: North America, Charlotte, N.C, Doswell, Va, Ontario, China
☆ Six Flags plans a summer 'strollerpalooza' to get families back to its parks
  + stars: | 2023-06-04 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Six Flags plans a "strollerpalooza" this summer to bring families back, The Wall Street Journal reported. Jeffrey Siebert of Six Flags Fiesta Texas said it had revamped designs and added kid-friendly rides. Speaking to The Wall Street Journal, Six Flags Fiesta Texas's president Jeffrey Siebert said the company was planning a "strollerpalooza" this summer, referring to plans to increase the numbers of families visiting its attractions. He also said he was trying to turn Six Flags customers from "the Kmart, Walmart to maybe the Target customers." Shares in Six Flags have fallen 62% over the past five years, leaving the company worth just over $2.2 billion.
Persons: Jeffrey Siebert of, —, Jeffrey Siebert, Siebert, Selim Bassoul Organizations: Street Journal, Service, Wall Street, Six Flags, Six, Kmart, Walmart Locations: Texas
☆ Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more
  + stars: | 2023-05-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Berkshire Hathaway — The conglomerate's A shares rose more than 1% as investors cheered a strong earnings report from Warren Buffett's company. Tyson Foods — Shares plummeted 15% after the food production company posted an unexpected loss for the recent quarter and cut its revenue outlook for the year. PacWest - The regional bank stock held on to a gain of about 3% on Monday. Six Flags posted a narrower-than-expected loss of 84 cents per share, compared to expectations of a per-share loss of 89 cents, according to FactSet. Six Flags posted revenue of $142.2 million, greater than the expectation of $132.6 million, with CEO Selim Bassoul calling the results "proof points" that its new strategy is working.
☆ Land & Buildings spots a chance to build value in a real estate play with Six Flags
  + stars: | 2022-12-31 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +6 min
It invests in deeply discounted real estate in the public markets and select corporate engagements. Land & Buildings ("L&B") is a real estate focused investor, and this is primarily a real estate play. In its analysis, L&B assumes a 7.25% cap rate and a $2.8 billion value for the real estate. Without stabilizing operations, the real estate strategy can only create so much shareholder value. However, optimizing attendance and stabilizing operations will magnify any value created by the real estate strategy.
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