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Six Flags Entertainment Corp. (referred to as Six Flags) is a theme park corporation founded by Angus G. Wynne on August 5, 1960. It currently operates sixteen theme parks throughout North America, as well as five water parks and two wildlife parks. However, the only park fully owned by the company is Six Flags St. Louis, the rest being partially owned by limited partnerships and other companies.

Six Flags is the largest theme park company in the world in terms of the amount of properties owned, and is ranked seventh in terms of highest total attendance.[1]

History

Six Flags Entertainment Corporation was founded by Angus G. Wynne on August 5, 1961, taking its name from its first property, Six Flags Over Texas in Arlington, Texas. The company maintains a corporate office in Midtown Manhattan, New York City and its headquarters are in Grand Prairie, Texas.

After the success of Six Flags Over Texas, two more parks were built, Six Flags Over Georgia, which opened in 1967 and Six Flags Over Mid-America (now Six Flags St. Louis), which opened in 1971.

On June 13, 2009, the corporation filed for Chapter 11 bankruptcy protection and successfully exited the restructuring 11 months later on May 3, 2010. Disagreements arose and Mark Shapiro left the company, leaving Al Weber Jr. to be interim President and CEO.

On August 13, 2010, the President, Chairman, and CEO was announced. Jim Reid-Anderson replaced Al Weber Jr., who became the retired Chief Operating Officer.

On January 11, 2016, Six Flags confirmed that they had acquired a spot in China for a new Six Flags park, which was later announced to be Six Flags Haiyan. Concept art for the park was released.

On February 2, 2016, Six Flags confirmed to acquire Six Flags Hurricane Harbor Oaxtepec. The water park was originally a 76-acre park that went bankrupt in 2011.

On February 18, 2016, Jim Reid-Anderson stepped up to Executive Chairman. John Duffey became the CEO and President.

On March 21, 2016, Six Flags announced a partnership with NaVi Entertainment to build a Six Flags park and a Six Flags Hurricane Harbor in Vietnam.

On March 29, 2016, Six Flags announced that the cancelled Six Flags Dubai project was revived. The park is expected to open in 2019 in its second phase.

On July 20, 2016, Six Flags announced an agreement with Riverside Investment Group Co. Ltd. for the development of a second Six Flags park in China, along with a water park. The two parks will be located in the Bishan District of Chongqing.

On March 22, 2018, Six Flags and Riverside Group announced a partnership with Turner Asia Pacific to bring Tuzki and other Turner-owned IPs to their theme parks in China.

On October 24, 2018, Six Flags announced that the future of Six Flags Dubai was "uncertain" following losses at both the company and its partner DXB Entertainments.

Theme parks

Current

  • La Ronde – Montreal, Quebec (opened 1968; acquired 2001)
  • Six Flags Darien Lake – Darien Center, New York (opened 1981; acquired and operated 1999-2007, 2019-)
  • Frontier City – Oklahoma City, Oklahoma (opened 1958; acquired 2018)

Upcoming

Former

  • Bellewaerde – Ypres, Belgium (acquired 1998; sold to Palamon Capital Partners on April 3, 2004)
  • Walibi Aquitaine – Bordeaux, France (acquired 1998; sold to Palamon Capital Partners on April 3, 2004)
  • Walibi Lorraine – Metz, France (acquired 1998; sold to Palamon Capital Partners on April 3, 2004)
  • Walibi Rhône-Alpes – Lyon, France (acquired 1998; sold to Palamon Capital Partners pn April 3, 2004)
  • Parque Warner Madrid – Madrid, Spain (opened April 6, 2002; sold to Time Warner on April 3, 2004)

Yearly addition announcements

Management

Leadership

  • Jim Reid-Anderson – Chairman, President, and CEO (July 2017-)
  • Lance Balk – General Counsel (September 2010-)
  • Marshall Barber – Chief Financial Officer (February 2016-)
  • Kathy Aslin – Senior Vice President of Human Resources (January 2017-)
  • David Austin – Senior Vice President of Information Systems, Chief Information Officer (December 2017-)
  • Tom Iven – Senior Vice President of U.S. Park Operations (April 2014-)
  • David McKillips – Senior Vice President of International Park Operations (January 2018-)
  • Brett Petit – Senior Vice President of Marketing & Sales (June 2010-)
  • Stephen R. Purtell – Senior Vice President of Investor Relations, Treasurer (October 2016-)
  • Leonard Russ – Senior Vice President, Strategic Planning & Analysis (February 2016-)
  • Bonnie Sherman Weber – Senior Vice President, In-Park Services (January 2018-)

Board of Directors

References

  1. http://investors.sixflags.com/news-and-events/press-releases/2018/02-20-2018-120044735

External links