Dreamworld deaths affect Village Roadshow as operator announces AU$66.7m losses
Australian operator Village Roadshow is looking to bounce back after a tough twelve months, which has seen the company record full-year losses of AU$66.7m (US$52.8m, €44.8m, £41.2m).
The loss has been attributed to a fatal accident last year at Queensland's Dreamworld theme park – operated by Ardent Leisure, a rival of Village Roadshow. The impact of the tragedy – in which four people were killed as two rafts on the park’s Thunder River rapids ride collided – has been far-reaching, with operators across Australia’s Gold Coast suffering financial losses.
Queensland’s state government this week announced its intention to introduce industrial manslaughter laws, with safety around theme park rides to also be tightened.
Village Roadshow, which owns Warner Bros Movie World, Wet'n'Wild, Sea World, Paradise Country and Australian Outback Spectacular, is hoping to soften the impact with a number of new attractions to draw visitors back to its parks.
DC Rivals – the longest, highest and fastest rollercoaster in the southern hemisphere – is in the works for Movie World, with the Mack-manufactured steel hypercoaster set to open in October.
At Sea World, the operator has a new seal show planned to open in December, while a new polar bear cub will go on display at the end of this month.
In a statement the company said Australia’s theme park market may take some time to recover from the Dreamworld accident, but that it expected earnings to improve in the next fiscal year.
“There is no doubt with the energy and planning in place that we will turn it around,” said Village Roadshow co-chief executive Graham Burke, who added that the Dreamworld accident was making parents wary of sending their children to theme parks, with those affected including places such as Sydney, Melbourne and New Zealand.
Village Roadshow theme parks visitor attractions Australia Movie World Sea WorldIndustrial manslaughter laws to be introduced following Dreamworld tragedy
Ardent revenue plummets in wake of DreamWorld tragedy
Dreamworld to reopen 10 December following October deaths
Four killed at Dreamworld on river rapids ride
BIG unveils Eve Music Hall as Croatia venue nears completion
Bob Rogers hands BRC to long-serving leadership team
Wellness care hospital opens in Vilnius with innovative spa and hospitality concept
Universal and Puy du Fou projects point to rise of Oxford–Cambridge corridor
A proposed Puy du Fou development near Bicester and Universal Destinations and Experiences’ planned resort in Bedford are emerging as part of a wider transformation of the Oxford–Cambridge Growth Corridor into a major centre for UK leisure and tourism investment.
For years, the corridor has been associated primarily with science, technology, housing and university-led economic growth. However, the clustering of large-scale visitor attraction projects along the
All-inclusive eco-wellness development Auko to open near Vietnam’s Son Doong caves
Shedd Aquarium upgrades its visitor experience with new Immersion Theater
Shedd Aquarium has opened the Immersion Theater developed in partnership with SimEx-Iwerks, as part of a wider strategy to enhance the guest experience and create additional revenue opportunities.
The attraction has transformed the aquarium’s Phelps Auditorium into a multi-sensory venue combining panoramic projection, environmental effects and interactive technology.
A new pre-show area allows visitors to engage with augmented reality marine animals before entering the
Mandarin Oriental announces standalone Mansions-branded residences for Abu Dhabi
MCR is planning a luxury hotel for London's BT Tower
Joy as a radical act: Yinka Ilori launches solo exhibition celebrating the rebellious power of spreading happiness
Work gets underway on Madrid's €800 million leisure complex
Work is underway in Madrid on one of Europe’s most significant multi-functional complexes, combining sport, entertainment, culture and education.
The €800 million initiative to regenerate the former Olympic Aquatic Centre in the north-east of the city, next to the Riyadh Air Metropolitano stadium, is being led by Barsento – a joint venture between Live Nation Entertainment, Oak View Group and Atlético de Madrid. The project will
Therme Manchester reveals 90:90 strategy – 90 per cent of the UK population within a 90-minute drive of a Therme
Four Seasons’ Naples Beach Club opens 2,800sq m Sanctuary spa inspired by indigenous Calusa people
Orient Express Corinthian to host Ocean Rebirth wellness retreat in collaboration with Guerlain
Famed London nightclub, Tramp, launches Tramp Health
First look: Miraval opens on the Red Sea in Saudi Arabia
Hainan Science Museum by Ma Yansong, opens in China
A new science museum has opened to the public in Haikou after attracting more than 350,000 visitors during a four-month soft opening period.
Designed by Ma Yansong and his practice MAD Architects, the Hainan Science Museum is located on the edge of Wuyuan River National Wetland Park and has already recorded peak attendance of more than 5,800 visitors in a single day.
Commissioned by




















