Six Flags Faces Bankruptcy Fears After $500M Debt And Park Closures
We’re not sure what more of a comment about discretionary spending one would need…
Six Flags, less than a year removed from its merger with Cedar Fair, is drowning in debt, closing parks, and facing warnings of bankruptcy, according to The Sun.
The company has racked up $500 million in debt, seen revenue fall by $100 million in Q2, attendance drop 9%, and season pass sales decline 8%. Two parks have already been shut down, with California’s Great America set to close in 2027.
“The whole company needs to be reimagined,” said Dennis Speigel of International Theme Park Services, who warned “bankruptcy is not out of the question.”
Citi analyst James Hardiman agreed, saying “everything should be on the table as we think about asset sales,” though flagship parks like Cedar Point are expected to survive.
The July 2024 merger was billed as a growth engine, with executives projecting 6% attendance gains in 2025. Instead, attendance fell 9%. “It’s about the biggest miss I’ve ever seen in the theme park industry versus expectations,” Hardiman said.
The Sun writes that leadership turmoil has added to the crisis. CEO Richard Zimmerman announced he will step down at year’s end, a move Hardiman called “odd,” especially mid-season. Chairman Selim Bassoul remains in charge.
Six Flags blames poor weather for disrupting nearly 50 operating days, but critics say demand for multi-park passes was overstated. Controversial new fees for haunted houses at Halloween events have further angered passholders.
Stock prices have plunged to $23.84, less than half their pre-merger value. Two law firms are already exploring potential securities-fraud lawsuits.
“If I were running the company, there are 10 to 12 parks I would keep, pay off debt and start over,” said Speigel. “I wouldn’t be surprised if you see the company on the precipice of bankruptcy to get that debt off the books.”
Tyler Durden Fri, 09/05/2025 – 13:25
Source: https://freedombunker.com/2025/09/05/six-flags-faces-bankruptcy-fears-after-500m-debt-and-park-closures/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,724,322,865 |
| Stories: | 8,487,641 |
Whistler Blowers, Insiders
