|
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Minor Updates, Rumors, and Happenings
That would be an amazing addition for 2020! Buccaneer Battle is probably the next ride on the chopping block! They wouldn't even have to give it a send off announcement because no one rides the damn thing, lol
The fence is there for the halloween candy trail....nothing more.
damn it, lol
Yes, it is ludacris. Staycation is not by definiton not a destination park. Do you know what staycation means? The level of fantasy and self importance of GAm is delusional talk.
SF Capex formula prevents 30M or 40M coasters. The fact you keep spouting this is astonishing nonsense. No the 2017 ride budget was not 97M, The Total Capex listed in SF annual reports is split 60%rides, 25% asset management, 15% non rides. If you made up number of 97M ride budget was true, the Capex overall would have to be 162M, it wasn't.
"In the first half of 2017, the company invested $97 million in NEW capital projects, paid $113 million in dividends, or $0.64 per common share per quarter, and repurchased $379 million of its common stock" https://www.advfn.com/news_Record-Reven ... 10922.html Total Capex for 2017 was $135 Million That 60% figure you mentioned can be adjusted from year to year. Yes I'm very well aware what a staycation is, hence the reason an on site hotel makes perfect sense. Time Warner thought it was a good idea too, so I don't know what to tell you Sven18.
$97M in new capital projects is not rides,lol. That's the entire Capex in the period not just rides and the total CApex is still the same 9% of north american revenue. The majority of Capex occurs in the first half b/c rides for the new season are actually constructed. maintenance occurs, restaurants and other things get renovated or built. Can you do math of what 60% of the total Capex was in 2017. It's not 97M. FYI, the higher Capex in 2020 is based on higher revenue projected by 2020, but the same 9% max(actually less). Do the math, they are projecting 200M more in adjusted EBIDTA. That means revenue is projected to raise minimum 200M(actually more b/c it's rarely 1:1 revenue growth to EBIDTA). But lets be generous and say it's 1 to 1, 9% of 200M is 18M. They are projecting to spend even less than 9% of the minimum 200M more revenue. If they spent the full 9% of the new minimum 200M that would18M more or153M based on the 135M. Reducing the % below 9% is something they have hinted at in conf calls and their own projection show that's exactly what they are projecting in their own numbers. GAm is not building a hotel. You're ludicrous fantasies are hilarious on 30 or 40M coasters and a hotel. SF Corporate has no interest in hotels. Warner Bros was a failure as a large scale park operator b/c of ideas like this.
^ The amount of money for rides is 81 million so that does make sense the maximum amount of money they can spend on one ride has to be under 20 million otherwise you are probably going to over spend on the 60% ride money. There is no way to spend over 20 million on something or else you are over spending and ruining the capex. Do this for continuing years and you go bankrupt again. Ok now I get it. See Sven if you told us the capex and the percentage of it the is spent on rides then I wouldn't have argued with you.
Also, if you actually go thru the entire investor presentation you would notice in 2018 SF actually projected to lower CAPEX to 128M, which takes it back 1M below 2016 FY levels of 129M.
Last Call Fall Festival food offerings are up.
https://www.sixflags.com/greatamerica/s ... l-festival 1.) Steel Vengeance 2.) Iron Gwazi 3.) The Voyage 4.) El Toro 5.) Velocicoaster
Ragin Cajun and Iron Wolf went from Six Flags Great America to Six Flags America. I guess they weren't GREAT anymore.
It's cool that they are doing it again. I probably might go but it depends if the rides are running.
How come Lightning Rod is never open when I go.
Top 10: 1. El Toro 2. Steel Vengeance 3. I305 4. Fury 325 5. Maverick 6. Mako 7. Iron Rattler 8. Medusa Steel Coaster 9. Raptor Clones 10. Maxx Force.
The other day, I saw a sign in Hometown Park (not sure if it was new, but I hadn't seen it before) that said you could use your Season Dining Pass for Games, Dare Devil Dive, or the Go Karts. It said to check with those attractions for more info (and I didn't). Anybody know about his this works?
http://investors.sixflags.com/news-and- ... -235058511
The Rockford Park District Board of Commissioners has approved a lease agreement that allows Six Flags Entertainment Corporation (NYSE:SIX) to operate Magic Waters Waterpark starting in the spring of 2019. https://www.magicwaterswaterpark.com/
This is great news. Being from Rockford this will massively increase visibility of the park and hopefully increase additions, even if small. Magic Waters has been really under utilized and promoted in the last 10 years. Being a season pass holder and being able to use it at another park is another huge bonus, and will drive pass sales even more for Great America if there are other parks nearby to utilize. Also found it interesting that Hank was the one commenting—not corporate. Seems as though the park will be directly managed by Great America folks.
In my OPINION, this is HORRIBLE news for the people of Rockford. No more free parking. No more $10 / $12 tickets, etc. Probably a higher price to get in with little to no discounts. No more groupons. That locker fee of, I think $9 (with $2 back at the end of the day) GOODBYE / GOOD RIDDENS. It will probably be $15 or $20.
These Rockford people were always complaining about bringing in no more coolers. That is the least problem for these people NOW! They are going to be so mad, it's absurd, how mad they will be, and not go to this park. If those Rockford people were season pass holders, than it's not as bad, but for regular day Rockford area guests, they will be furious. There are only (in my OPINION) 2 GOOD sides to this. If you have a season gold pass or membership to Six Flags Great America, now you get in the free (at least for the first year / who knows later years) to this park. Secondly, they MIGHT add a new thing once and awhile to this park. It's not like they didn't add anything in the past so many years, but they took out the best slide in the Illinois in my opinion, and that was the Splash Blaster (because they got sued). They added a body slide, and a smaller Tornado type of slide. More anger from Rockford people is going to be the tube situation at this park. The tubes are as simple as can be with this park. You pick up a tube for the relaxing river, and you are in the river within 5 minutes. For Six Flags waterpark, they purposely do NOT have enough tubes because they want you to buy a tube. It might take 20 minutes! The slides are also this way at this park. You get your tube usually right away, and you go in line like you think you would. Six Flags motto is to never have enough tubes for anybody! The GOAL is for every person to buy a tube because they never have enough (on PURPOSE). In my OPINION, these Rockford people are going to be so FURIOUS with Six Flags taking over that they probably won't go. The Rockford people don't realize HOW GOOD they had it until Six Flags takes over, and ruins it. "I've been staring at the world, waiting. All the trouble and all the pain we're facing. Too much light to be livin' in the dark. Why waste time? We only got one life. Together we can be the CHANGE. So go and let your heart burn bright"
I haven't been to Magic Waters since I was a kid, maybe 25 years ago, so I can't speak to what it's been like. What I can say, from reading the news articles about this, is that attendence has been way down recently, and since it's run by the Park District it's actually been losing money (and that means the tax dollars of the people of Rockford). So while people may or may not end up happy with whatever happens to the park, the city itself is probably better off not running the park directly...
This is pretty dramatic. Again, being from Rockford all of my life and living within minutes to Magic Waters now, Six Flags can do wonders for the park. Will pricing be the same? No, and that’s expected. However, the season passes are now a far better value, and if the other smaller parks Six Flags is bringing in under their umbrella we can see this park will be included on passes for years to come. Also, if Six Flags can help actually advertise this park and get people in the gate it will be great. The park district is so cheap they don’t even maintain a sign on the interstate promoting the park, they waited too long to maintain slides before they literally broke people’s backs, and the park is closed several times a year due to maintenance or cleanliness issues. It’s gotten to the point where the place is a joke many people I know don’t want to be seen. The low entry fee is just to make attendance numbers look better at the end of the year and it does nothing to really improve the finances of the park in a meaningful way. Also, when Splashblaster was removed after the multiple lawsuits of breaking backs, it was replaced by the aqua loop and expanded kids area. The mini tornado dates from 2009 and this year was supposed to be a new boomerang water slide to go next to the aqua loop but the park district scrapped those plans. Attendance goes up and down yearly depending on the weather for the most part but I don’t think the park witnessed any drop over banning coolers inside the park. 2015/2016 was about 186,000 visitors, 2017 was wet and down 20%, and 2018 isn’t out yet. Busy days are between 2500 and 3500 guests/day.
I am also in Rockford. I've been here approx 20 years but I and many people I know have never been to MW. I was tempted when they had the water coaster but that didn't last long. This news though excites me! Especially if they intend on adding new attractions occasionally. If it goes well, they may explore the option of plopping a coaster or two nearby eventually? There's ample space do so it! Not holding my breath but it at least opens the door for more possibilities!
This article has more details on the lease agreement and gives some insight into what Six Flags is thinking.
http://www.rrstar.com/news/20181009/rockford-park-district-to-lease-magic-waters-to-six-flags
This deal was a no brainer for The Rockford Parks District. They EBD(earnings before debt) last 3 years was 487K, 465K and 7K, with debt payments they were losing between 135 and 591K. The deal guaranteed them 425K/yr with no work. They are still going to be losing overall with the almost 600k debt payments, but less most likely and they don't have to worry about a bad year like 2017 and the downward trend at the park. Didn't
see anywhere how much debt is on the water park?
wow! Hopefully the local Governments give the ok to continue the property tax free operations! I wish they were doing this 10 years ago when Ozzi Waterpark closed on Rand road. It was a smaller water park with Go Karts and an arcade, but there was some good land surrounding it. I think Six Flags could have made it profitable and really turned it around. Six Flags Magic Waters has a good ring to it.
For me, once the Splash Blaster (the water coaster) LEFT the park (Magic Waters), I left the park also. You can also see this in regards to the attendance. That ride was PACKED all the time. When I mean packed, I'm talking about almost every line filled that the park built for it. It was that long. After that left, it wasn't worth it to go to that park anymore, for ME. I started going somewhere a little closer, but still around that area instead. Whether injury or not, they shouldn't have taken that ride out. It ruined them! I have ridden that ride so much in a day, and I was never injured. It might have been a de-flated raft that did it, or who really knows. It could have been an older person that couldn't take it, gets a back injury, and they win the lawsuit. The park takes out in my opinion, my favorite & best water thing I have been on.
They SHOULD have really stressed though, that ride is a SUPER intense ride, and parents shouldn't go on it if they can't take it. That is literally like a roller coaster with hills. It's not for your grandma. How many grandmas or even moms go on many roller coasters such as Batman the Ride? Only the enthusiast moms or grandmas, and there are very FEW of them. To compare intensity at the Six Flags waterpark, it's like if your mom or grandma went on the Tornado water slide. They usually don't. They can't handle it. They don't like that stuff, but the same moms or grandmas might have went on the water coaster at Magic Waters because they just think it's a normal (more relaxing) water slide when it isn't. Again though, yes there are moms and grandmas that are enthusiasts, but those are a very, very, very SMALL SELECT set of people. After the injury in 2015, it was closed for the rest of the season. 2015 was an amazing attendance year for them. 2016 wasn't horrible, but I think I remember we bought tickets (at the very beginning of the year) thinking the ride would be open, but it was either gone that year or it was just sitting there not open. So, if you notice in attendance, it's still not that bad. People went the year after it shutdown thinking it would be open again, or just not knowing the news that was closed at the end of 2015 after the accident. 50,000 people decline after that. I wonder why. 2017 is a complete drop. 2018 is a complete drop from 2015 & 2016. What's missing is the wonderful water coaster, and I stopped going in those 2 years. The speed slides they added I could careless about. No wonder why they have to be leased by Six Flags now. Taking out the water coaster ruined this park in my OPINION! Other than the Splash Blaster people (which was the most packed line in the entire park), they also made the cooler people mad. "I've been staring at the world, waiting. All the trouble and all the pain we're facing. Too much light to be livin' in the dark. Why waste time? We only got one life. Together we can be the CHANGE. So go and let your heart burn bright"
Yes you can trade in yet your snack for a $10 credit for games or 1 free ride on Dare Devil Dive or the go karts. You can trade in a lunch or dinner for an all day go karts pass, all day Dare Devil Dive pass, or a game play up to $10 plus another regular game play up to $5. 1.) Steel Vengeance 2.) Iron Gwazi 3.) The Voyage 4.) El Toro 5.) Velocicoaster
Ragin Cajun and Iron Wolf went from Six Flags Great America to Six Flags America. I guess they weren't GREAT anymore.
Haven’t been there in years myself. Seems prices aren’t going to be raised substaintly, as well as additional attractions should be coming in. I don’t doubt that it will be a win for both six flags and the regular to Magic Waters. Getting to go to Magic Waters and Six Flags for $65-$90 depending when you purchase a pass will entice more locals to get a Six Flags pass. If this deal gets approved soon enough, I wouldn’t doubt a new attraction in time for Memorial Day opening next spring.
Here's a totally crazy idea I just got: How about shipping Buccaneer Battle off to Magic Waters??? That park gets a "new" ride and it kind of belongs over there and we get much needed space!
Single Day Ride Count Record
50 rides 8/17/2018 (Without Flash Pass - Coasters After Dark) ---- "Here we go, kids!! Here we go!!"
AMEN!! I second that! Sent from my iPhone using Tapatalk
 Return to Six Flags Great America Forum Who is onlineUsers browsing this forum: No registered users and 21 guests
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
