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Color Reflections Provides Photographic Services to Las Vegas Mob Museum

Joe Kleiman
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Las Vegas, NV, USA (February 22, 2012) — They say a picture is worth a thousand words. In the case of the new Las Vegas Mob Museum, that would equate to over 80,000 words. TEA member Color Reflections Las Vegas printed and mounted over 800 photographic prints for the 41,000- square- foot museum newly opened in Las Vegas, Nevada.

“Knowing how important the library of photographs are to the experience at the Mob Museum, our company was both excited and privileged to have the opportunity to bring the story of the Mob to life through our graphics,” said Joe Castellano, President Color Reflections Las Vegas. “Our staff put in over 2000 man-hours to color correct, print, mount, cut and paint the vast library of photographs that tell the rich history of the Mob, and visually introduce the visitor to those men and women who played a role in this historical organization.”

Color Reflections began in Las Vegas in August 1995. At that time they were a custom photo lab and digital imaging center. Over the years, they evolved into one of the premier fully Digital Large Format Printers on the West Coast, providing graphics to the gaming, trade show, retail and corporate clients. Color Reflections can produce everything from simple 8×10” prints to larger than life building wraps along with custom fabrication abilities.

Located in the former federal courthouse and United States Post Office, the Mob Museum is housed in a historic building. Completed in 1933 and listed on the Nevada and National Registers of Historic Places, it was one of the 14 courthouses in the nation to hold the Kefauver Committee hearings on organized crime. The 41,000-square-foot Mob Museum includes approximately 17,000 square feet of exhibition space on three floors in addition to a specialty retail store, special event areas, educational areas and office space.

Kim Patterson, project manager for the Mob Museum project had this to add, “Project’s of this size are not unusual for us, but it still surprises me when we use over one ton of mounting sub straights for any single project.”

For more information on Color Reflections Las Vegas visit http://www.color-reflections.com/.

Casino Authority Authorizes $6 Million for Renovation and Expansion of Historic Atlantic City Steel Pier

Joe Kleiman
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Atlantic City Weekly reports on this week’s meeting of the Casino Reinvestment Development Authority (CRDA) and major improvements being implemented to the town’s famous sites, including the Boardwalk.  A plan by developers to return diving horses to the Steel Pier was dropped last week after public protest.

“The Board approved a $6.1 million loan for the Steel Pier project. Steel Pier’s owners plan to renovate and expand the historic attraction over three years to include new rides, midway and food court, add a restaurant/nightclub and turn it into a non-casino attraction that will be open nearly year-round.

“In addition, the Board voted to take initial steps to advance five new projects related to the Tourism District Master Plan which was approved earlier this month.

“The projects include:

• A project to transform Michigan Avenue and Pacific Avenue into active, pedestrian oriented streets with restaurants, bars, bistros and nightclubs.

• The Inlet Beach Park Project, which would build on existing attractions such as Revel and Absecon Lighthouse and transform the Inlet district into a mixed-used area with open park spaces and education, research, retail and entertainment spaces.

• The Atlantic Avenue Façade Project, which aims to create a “Main Street” environment along Atlantic Avenue through renovation of storefronts, improved signage and graphics, traffic control improvements, and repurposing of upper level space for residential use, among other initiatives.

• The Flex Fields project  to create sport-oriented turf fields and landscaped sculpture gardens where no activity currently exists on the beach blocks from Dr. Martin Luther King Boulevard to North Carolina Avenue. This project would also provide activities such as sport tournaments throughout the year.

• The Boardwalk Innovation Pavilion concept, which would place corporate-sponsored, glass pavilions at specific locations along the Boardwalk to create additional interest.”

READ THE FULL ARTICLE HERE

Great Wolf Results Q4 2011 Financials

Joe Kleiman
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Madison, WI, USA (February 22, 2012) /BUSINESS WIRE/ — Great Wolf Resorts, Inc., North America’s largest family of indoor waterpark resorts, reported results today for the fourth quarter ended December 31, 2011.

Fourth Quarter and 2011 Highlights

  • Adjusted EBITDA increased 15.7 percent to $13.0 million in the fourth quarter from the prior year and 16.7 percent to $80.5 million for the full year.
  • Same store revenue per available room (RevPAR) increased 6.4 percent and total revenue per available room (Total RevPAR) increased 5.5 percent over the prior year quarter, and same store RevPAR increased 9.3 percent for year ended December 31, 2011 as compared to the year ended December 31, 2010.
  • Same store occupancy in the fourth quarter increased by 220 basis points and average daily rate (ADR) increased 2.0 percent as compared to the prior year quarter, and for the year same store occupancy increased 360 basis points and ADR increased 3.1 percent.
  • Improved its net debt to trailing twelve-month Adjusted EBITDA ratio to 5.98 times and eliminated all debt maturities until July 2014.

For the fourth quarter ended December 31, 2011, the Company reported net loss of $(14.4) million, or $(0.46) per share, compared to a net loss of $(29.2) million, or $(0.94) per share, for the same period a year earlier. The year over year improvement was due primarily to the effect of higher overall revenues, along with ongoing expense discipline, as well as the net effect of a non-cash impairment charge recorded in the 2010 fourth quarter.

Kim Schaefer, chief executive officer, commented, “Throughout 2011 we delivered outstanding operating results culminating in our second consecutive year of record Adjusted EBITDA. Our ongoing commitment to providing our guests with a superior experience, combined with the value of a Great Wolf Lodge® getaway, continues to resonate with consumers. During the year we successfully accomplished our goal of attracting an increased number of new guests to our resorts, creating a strong pipeline of potential future repeat visits. We continue to refine our sales and marketing strategies, which combined with enhanced amenities and a stabilizing economy, should result in ongoing growth as we progress through 2012 and beyond.”

Read the full press release on IPM NewsDocs

ABOUT GREAT WOLF RESORTS, INC.

Great Wolf Resorts, Inc.® (NASDAQ: WOLF), Madison, Wis., is North America’s largest family of indoor waterpark resorts, and, through its subsidiaries and affiliates, owns, licenses and/or operates its family resorts under the Great Wolf Lodge® brand. Great Wolf Resorts is a fully integrated resort company with Great Wolf Lodge locations in: Wisconsin Dells, Wis.; Sandusky, Ohio; Traverse City, Mich.; Kansas City, Kan.; Williamsburg, Va.; the Pocono Mountains, Pa.; Niagara Falls, Ontario; Mason, Ohio; Grapevine, Texas; Grand Mound, Wash.; and Concord, N.C. 

The Company’s resorts are family-oriented destination facilities that generally feature 300 to 600 rooms and a large indoor entertainment area measuring 40,000 to 100,000 square feet. The all-suite properties offer a variety of room styles, arcade/game rooms, fitness rooms, themed restaurants, spas, supervised children’s activities and other amenities. The Company’s consolidated subsidiary, Creative Kingdoms, LLC, is a developer and operator of technology-based, interactive quest adventure experiences such as MagiQuest®.

Additional information may be found on the Company’s Web site at www.greatwolf.com.

Jumeriah Group Introduces Participatory Pearl Diving in Dubai

Joe Kleiman
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Dubai, UAE (February 22, 2012) — Jumeirah Group, the Dubai-based luxury hospitality company and a member of Dubai Holding, is launching a traditional Pearl Diving experience.

For hundreds of years, the world’s finest pearls were found in the waters of the Arabian Gulf. Starting March 2, guests of Jumeirah Hotels & Resorts, visitors and residents of the United Arab Emirates will have a chance to learn about and experience the ancient pearling traditions that were once the main source of income for inhabitants of the region, before the discovery of oil in the region led to a gradual shift from a pearl-dependent economy to one that flourished as a prosperous trading and petrol exporting hub.

Dressed in traditional clothing, participants board an authentic dhow boat off the shores of Jebel Ali and use original pearl diving methods to collect oysters in the shallow waters of the Gulf. The Pavilion Dive Centre at Jumeirah Beach Hotel is running this exciting cultural activity in partnership with the Emirates Marine Environmental Group (EMEG).

Participants meet at Jumeirah Beach Hotel and are transported by bus to Palm Jebel Ali where they are briefed and provided with traditional diving clothes to change into prior to boarding the dhow.

On board the dhow, guests will take part in activities such as singing and story-telling and will be served typical Emirati fish and rice dishes for lunch. They will dive to depths of around three to five metres and people who find pearls will be able to keep them as a souvenir, making the dive an ideal activity for those looking to honeymoon in Dubai.

The activity takes place from Tuesday to Saturday every week; participants leave Jumeirah Beach Hotel at 9.00am and return at around 3.00pm.


ABOUT THE PAVILION DIVE CENTRE
The Pavilion Dive Centre has been taking people to dive sites in Dubai, Oman and beyond for over 10 years, and all Pavilion Dive Centre instructors are PADI (The Professional Association of Diving Instructors) qualified. As an accredited PADI 5 Star Career Development Centre and National Geographic Centre, The Pavilion Dive Centre ensures the highest quality facilities and training for students.
ABOUT JUMEIRAH GROUP
Jumeirah Group, the Dubai-based luxury hospitality company and a member of Dubai Holding, operates a world-class portfolio of hotels and resorts, including Dubai hotels, 5 star hotels in London, 5 star hotels in New York and hotels in Frankfurt. Jumeirah Hotels & Resorts includes Jumeirah at Etihad Towers in Abu Dhabi; Burj Al Arab, Jumeirah Beach Hotel, Jumeirah Emirates Towers, Jumeirah Zabeel Saray and Madinat Jumeirah in Dubai; Jumeirah Dhevanafushi and Jumeirah Vittaveli in the Maldives; Jumeirah Himalayas Hotel in Shanghai; Jumeirah Frankfurt in Germany; Jumeirah Grand Hotel via Veneto in Rome; Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London and Jumeirah Essex House in New York. Jumeirah Group also runs the luxury serviced residences brand Jumeirah Living; the spa brand Talise; Jumeirah Restaurants; Wild Wadi Waterpark; The Emirates Academy of Hospitality Management; and Sirius, its global loyalty programme.www.jumeirah.com/

MGM Resorts Full 2011 Financials

Joe Kleiman
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Las Vegas, NV, USA February 22, 2012 /PRNewswire/ — MGM Resorts International (NYSE: MGM) today reported improved financial results for the fourth quarter ended December 31, 2011.  Loss per share was $0.23 compared to a loss of $0.29 per share in the prior year fourth quarter.  The current quarter results include MGM China Holdings, Limited (“MGM China”), which the Company began consolidating as of June 3, 2011.
Key results for the fourth quarter of 2011 included the following:

  • Consolidated net revenue was $2.3 billion; excluding MGM China, net revenue increased 7% compared to the prior year quarter;
  • Rooms revenue at wholly owned domestic resorts increased 10% with a 13% increase in REVPAR(1) at the Company’s Las Vegas Strip resorts;
  • Consolidated operating income was $91 million compared to $107 million in the fourth quarter of 2010;
  • Adjusted Property EBITDA(2) was $482 million in the 2011 quarter compared to $294 million in the 2010 quarter;
  • The Company’s wholly owned domestic resorts earned Adjusted Property EBITDA of $319 million, an 18% increase compared to the prior year quarter;
  • MGM China’s Adjusted Property EBITDA was $174 million, a 23% increase compared to the prior year quarter; and
  • CityCenter’s Adjusted Property EBITDA related to resort operations was $58 million, a 62% increase compared to the prior year quarter.

“2011 was a year in which we achieved many goals: operationally, strategically, and financially.  Operationally, we enhanced our customer experience through targeted reinvestment in our properties and improved relationships through our M life customer loyalty program. Strategically, we acquired a majority interest in MGM China and began expanding our brand presence in key markets throughout the world, particularly Asia.  Financially, our revenues and margins have improved year over year increasing our cash flow and strengthening our financial profile,” said Jim Murren, MGM Resorts International Chairman and CEO.  “Going forward we expect to build off of these strategies to grow our company and maximize shareholder value.”

Read the full press release on IPM NewsDocs

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  In addition to its 51% interest in MGM China Holdings, Limited, which owns the MGM Macau resort and casino, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts’ unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company’s renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association’s Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company’s commitment to sustainable development and operations. For more information about MGM Resorts International, visit the Company’s website at www.mgmresorts.com.

Kentucky State Fair Board to Consider Koch Family Proposal on Thursday

Joe Kleiman
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Louisville, KY, USA (February 21, 2012) — Bluegrass Boardwalk, Inc. hopes to take another step toward re-opening Louisville’s amusement and water park in 2013 as the Kentucky State Fair Board considers a proposed lease agreement Thursday afternoon.

Four members of the Koch family in Santa Claus, Indiana, have formed a new company – Bluegrass Boardwalk, Incorporated – to negotiate the lease agreement with the Kentucky State Fair Board, secure financing, and apply for economic development incentives from the Commonwealth of Kentucky. No public monies will be requested from the Kentucky Legislature by Bluegrass Boardwalk, Incorporated.

The members of the Koch family involved in discussions with the Kentucky State Fair Board as Bluegrass Boardwalk, Incorporated are Holiday World president Dan Koch, his sister Natalie Koch, their cousin Kathy Kamp, and her husband, Michael Kamp, who is a General Manager at Holiday World. Dan, Natalie and Kathy are grandchildren of Holiday World’s founder, Louis J. Koch, who opened the park (originally called Santa Claus Land) in 1946.

Following Thursday’s Fair Board meeting, Dan Koch will be on hand to speak briefly with members of the news media in front of Freedom Hall at the Kentucky Exposition Center.  www.bluegrassboardwalk.com

What to Prepare for With the Thea Awards and TEA Summit Only Weeks Away

Joe Kleiman
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Burbank, Calif USA, 21 February 2012 — “The 2012 TEA Summit March TEA 20th Anniversary logo15-16 followed by the Thea Awards Gala March 17 at Disneyland Resort will be 3 days of business networking and executive leadership dialog plus celebration of achievement and success,” says Themed Entertainment Association (TEA) president Rick Rothschild of FAR Out! Creative Direction. “These events highlight the breadth of our international industry and the extraordinary collaboration amongst a wide diversity of disciplines, talents and skills. It is also that annual reconnecting with colleagues who make up the world-class creative ‘family’ that is the TEA. We’re really pleased at the caliber of participation this year – we’re going all-out for TEA’s 20th anniversary.”
Joe Rohde

All events take place at the Disneyland Resort in Anaheim, California.
Tickets are on sale now  at this link.
TEA Summit Day One (March 15) is an executive empowerment gathering  with two keynotes: “Undercover Boss” TV star Joel Manby, CEO of Herschend Family Entertainment, and renowned business coach, “Sell the Feeling” author Phil Glosserman. TEA Summit Day Two (March 16) keynote is Disney Legend Joe Rohde. Attendance is open to a wider circle, including students. Speakers reflect the current slate of Thea Awards recipients. TEA Summit organizers are Kelly Ryner of Thinkwell Group and Roberta Perry of ETI.
Amelia Anne Gordon
The annual Thea Awards Gala (March 17) will confer 16 awards while marking TEA’s 20th anniversary. Confirmed celebrity presenters include Pixar’s Pete Docter and Jonas Rivera, Cars2 composer Michael Giacchino, actor Anthony Daniels (C3PO) and “Ambassador of Americana” Charles Phoenix; ticket sales are open to the industry and the public. Thea Awards Gala executive producer is Ron Miziker. Sponsors include AECOM and Disney.
Companies providing support for the Thea Awards and/or TEA Summit include: AECOM, Disney, Coca-Cola, Canyon Creative, Garner Holt Productions, Miziker & Co., RGH Themed Entertainment, Fountain People, AES, Universal Studios, Electrosonic, PGAV and Air Dimensional Design.
Links:
Official blog: TEA Summit & Thea Awards
Tickets for all events: TEA Box Office
More details
Anthony Daniels
Summit Day One – For business owners and senior management
March 15, Disneyland Hotel
This executive empowerment event always fills to capacity and offers critical information and networking. Discussion focuses on ensuring success in today’s global marketplace. Joel Manby will talk about leadership strategy; fellow keynoter Phil Glosserman will share paths to entrepreneurial success. Economics specialists Ray Braun, Christian Aaen and Matt Earnest of Entertainment + Culture Advisors will speak on Economies and Emerging Markets; Dina Benadon (Super 78), Chris Conte (Electrosonic) and Brad Merriman (ProFun) will share lessons in international contracts. Limited number of seats. More details at this link.
Pete Docter
Summit Day Two – Hear from owners and designers of Thea Awards projects
March 16, Disneyland Hotel
Day Two explores the back-stories of this year’s Thea Award recipients, spanning a wide range of international projects. It is attended by a diverse group of industry creatives, from students to professionals. Keynote: Joe Rohde. Speakers include Jeremy Railton (EDG; designer, Crane Dance at Resorts World Sentosa), Tom Fitzgerald (EVP Walt Disney Imagineering in connection with Star Tours – The Adventures Continue), Amelia Anne Gordon (producer, Space Fantasy the Ride at Universal Studios Japan), Matthew Jessner (Artistic Director, The House of Dancing Water at City of Dreams, Macau) and many more. More details at this link.
2012 Thea Award Recipient Fernbank NatureQuest
Thea Awards Gala
March 17, Disneyland Hotel
The culminating event is the Thea Awards Gala – an elegant, black-tie dinner affair. The prestigious Theas are the “Oscars” of the attractions industry, recognizing and celebrating excellence in the creation of compelling places and guest experiences. Awards are formally presented to the project owners while the project creatives and builders are acknowledged and credited. The Thea Awards are an expression of TEA’s core mission to foster better relationships between operators, creatives and vendors, and to generate greater awareness of the people and companies behind these icons of popular culture and the human experience. There will be a silent auction of paintings by 20 industry artists. The Season Pass Podcast will broadcast from the event. The Thea Awards Gala has sponsorship from presenting sponsor AECOM, and support from The Disney Company. Ticket sales are open to the industry and the public. Details at this link.
2012 Thea Award Recipient The House of Dancing Water
About TEA

2012 Thea Award Recipient Crane Dance

TEA logo basicThe TEA (Themed Entertainment Association) is an international nonprofit alliance founded in 1991 and based in Burbank, Calif. TEA represents some 7,000 creative specialists, from architects to designers, technical specialists to master planners, scenic fabricators to artists, and builders to feasibility analysts working in some 700 firms in 30 US states and 40 different countries. TEA presents the annual Thea Awards and the TEA Summit and hosts the annual SATE Conference (Storytelling, Architecture, Technology, Experience). TEA also produces a variety of print and electronic publications, including the TEA/AECOM Theme Index, TEA Project Development Guidelines, TEA Annual & Directory and Thea Awards Program magazine. Visit www.teaconnect.org. 

Visit TEA on Facebook and LinkedIn.
2012 Thea Award Recipient Star Tours – The Adventures Continue

About TEA’s Thea Awards
Like the TEA, the Thea Awards, sponsored by AECOM with support from The Disney Company, were created to bring recognition to achievement, talent and personal excellence within the themed entertainment industry. From a modest beginning in 1994, the Thea Awards have become internationally recognized as a symbol of excellence. The name of the award is a play on three words: the first is “Thea,” the Greek goddess from whom all light emanates. Thea was the mother of Helios (the sun), Eos (the dawn), and Selene (the moon). The second key word is “Theater,” a word derived from the goddess Thea. The third word, of course, is TEA, the name of our association. Tickets are available to the public as well as the industry to attend the black-tie 18th Annual Thea Awards Gala March 17, 2012 at the Disneyland Hotel, Anaheim Calif. USA. Order tickets online at teaconnect.org.
A comprehensive listing of Thea Awards and project credits from 1994-2011 and instructions on how to submit a project for a Thea Award are on the TEA website at this link.

About Economics at AECOM (Thea Awards Gala presenting sponsor)
Economics at AECOM (formerly ERA/Economics Research Associates) is an international consulting firm focused on economic analysis for the entertainment and leisure industry, real estate development, public-policy analysis, tourism, and economic development. Since its founding in 1958, Economics at AECOM has completed over 15,000 assignments yielding unmatched experience in land use economics. In the process, the firm has made important contributions to some of the world’s most innovative and successful development projects. Their projects span the globe and range from repositioning single land uses to New Towns planned over 30 years. In broad terms, Economics at AECOM assists private developers and public agencies in assessing the future economics and outcomes of real estate projects and economic development plans. Economics at AECOM offers a diverse array of economic analysis and tools to answer complex problems. Website: www.aecom.com.

Goofy’s Paint ‘n’ Play House Moving into Tokyo Disneyland’s Toontown

Joe Kleiman
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©Disney

Urayasu, Chiba, Japan — Tokyo Disney Resort® announced that the new attraction, Goofy’s Paint ’n’ Play House, will open on August 24 at Tokyo Disneyland® Park.

Located in Toontown, where Mickey Mouse and his pals live, Goofy’s Paint ’n’ Play House lets guests have fun helping Goofy redecorate his room in a unique and “toony” fashion with what seems like real paint.

Groups of guests work together to colorfully paint a room in Goofy’s house using special paint applicators, called Toontone Splat Masters, so guests can enjoy a different experience each time they visit. A wacky, “toon” way to redecorate a room, Goofy’s Paint ’n’ Play House promises fun for guests of all ages, including young children.

The attraction features beach, jungle and other remodeling themes, as well as various types of Toontone
Splat Masters, so guests can enjoy a different experience each time they visit.  A wacky, “toon” way to redecorate a room, Goofy’s Paint ’n’ Play House promises fun for guests of all ages, including young children.

Toontown, where Goofy’s Paint ’n’ Play House will be located, is sponsored by Kodansha Ltd.

http://www.tokyodisneyresort.co.jp/en/index.html

Dave Frazier New VP and GM Valleyfair

Joe Kleiman
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Shakopee, MN, USA (February 21, 2012) /PRNewswire/ — Cedar Fair, a leader in regional amusement parks, water parks and active entertainment, today announced that Dave Frazier has been named vice president and general manager of Valleyfair Amusement Park.

Frazier, 46, has more than 25 years of experience in the amusement and theme park industry. He spent 17 years within Cedar Fair beginning in 1984, including six years at Valleyfair in various seasonal roles. Most recently he served as the general manager of Nickelodeon Universe, an indoor amusement park at the Mall of America in Bloomington, Minnesota.

“We are pleased to welcome Dave to our senior management team,” said Richard Zimmerman, Cedar Fair’s chief operating officer. “He is a disciplined leader who is truly customer focused. With the extensive amount of experience Dave already has with Cedar Fair and the markets in which Valleyfair operates, we are confident in his ability to deliver the ‘best-day-of-the-year experience’ to our guests each and every time they visit our park.”

Valleyfair is owned and operated by Cedar Fair Entertainment Company, a publicly traded partnership that is listed for trading on The New York Stock Exchange under the symbol “FUN.” In addition to Valleyfair, Cedar Fair owns and operates ten other amusement parks, six water parks, one indoor water park resort and five hotels. Cedar Fair also operates the Gilroy Gardens Family Theme Park in California under a management contract. 

www.cedarfair.com

Research and Markets Releases Report on Amusement Park Industry

Joe Kleiman
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Dublin, Ireland /BUSINESS WIRE — Research and Markets has announced the addition of the “Amusement Parks & Arcades” report to their offering.

The US amusement parks and arcades industry includes about 3,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion. Major theme park companies include Walt Disney, Six Flags, Cedar Fair, SeaWorld, and Universal Parks & Resorts; major arcade operators include Namco Cybertainment, Dave & Buster’s, and CEC Entertainment (Chuck E Cheese’s). The industry is highly concentrated: the 50 largest companies generate about 85 percent of revenue.

Competitive Landscape:

Demand is closely linked to the health of the economy, especially consumer income. The profitability of individual companies depends on good marketing. Large companies can build expensive rides and have economies of scale in operations and advertising. Smaller companies can compete by serving smaller markets or offering special rides. The industry is labor-intensive: average annual revenue per employee is about $100,000 for large parks, $50,000 for arcades.

Products, Operations & Technology:

Amusement parks get about 55 percent of their revenue from admissions and about 30 percent from food and merchandise sales. The remainder is made from a mix of parking fees, commission income from third-party exhibitors, advertising, and fees for hosting parties and other events. Many parks operate only for a portion of the year because of weather. Half of amusement parks, including 70 percent of water parks, are closed during the cold months. Parks open year-round may also operate hotels, stores, condos, golf courses, or other facilities in the vicinity.

To purchase the report for €98, visit http://www.researchandmarkets.com/research/ad43f5/amusement_parks

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