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Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. [69] If not resolved, the company warned in its 2008 annual report [71] that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. [70]
On September 18, 2009, New Orleans fined Six Flags $3 million and ordered the company to vacate its lease with the park. [53] On June 13, 2009, Six Flags filed for Chapter 11 bankruptcy protection. The City of New Orleans took ownership of the park shortly after. As of early 2010, the site was overgrown with debris and weeds.
Six Flags Theme Parks, Inc. was later bought out by Premier Parks – an Oklahoma-based real estate firm and theme park chain – on April 1, 1998, for $1.86 billion. [1] Premier began to apply the Six Flags name to several of their existing properties in North America and Europe, eventually fully assuming the brand name in 2000.
Its TV commercials would count this as "no flags": Six Flags, which operates 20 amusement parks, filed for Chapter 11 bankruptcy Saturday. It's been one long downhill ride for the thriller, which ...
Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees ...
James Reid-Anderson (born 12 April 1959) [1] is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade ...
Adventureland in Farmingdale, N.Y. - March 25. Adventurer’s Park in New York - March 23. Beech Bend in Bowling Green, Ky. - May 11. California’s Great America in Santa Clara, Calif. - March 23 ...
The tower at Six Flags in Vallejo People watching a show at Six Flags in Vallejo, California Discovery Kingdom, seen from the parking lot. On January 17, 2007, the park announced its new name: Six Flags Discovery Kingdom. [20] The new name reflects the image of an animal park, a thrill-ride park, and a marine park.