May 9, 2008
Sandusky, OH -- The amusement parks and water parks operated by Cedar Fair Entertainment (NYSE: FUN) are all set for the upcoming 2008 summer season. During a conference call with investors Tuesday, Cedar Fair's chairman, president and CEO discussed the Company's $88 million capital expenditure program for 2008, which includes five roller coasters.
"I had the opportunity this Saturday to visit Canada's Wonderland and ride Behemoth," said Kinzel. "It was everything that I thought and hoped it would be."
Cedar Fair's list of park improvements also includes more than a dozen new shows at its parks.
Kinzel added, "I think it's important to point out that in 2008 we will offer 50 live shows across our parks, with more than one-third of them being new. These added entertainment options at our parks improve the overall guest experience and provide significant value to a visit."
So far season pass sales and group business is trending ahead of last year, while reservations at its resort properties are trending slightly behind this time a year ago.
The company said with approximately 95% of its revenues still to be earned, it is still too early to accurately forecast 2008's full-year performance. Cedar Fair expects to generate full-year revenues between $990 million and $1.02 billion.
Based in Sandusky, the company owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Cedar Fair's parks include Cedar Point, consistently voted "Best Amusement Park in the World" in Amusement Today polls and Knott's Berry Farm in Southern California.
See related: www.cedarfair.com
What did you think? Be the first to Add Your Comments