Ardent Leisure sells US entertainment business for $1.1b

Struggling theme park operator Ardent Leisure will exit the US entertainment sector after striking a deal to sell its Main Event business to American restaurant and entertainment business DaveThe sale of Ardent’s strongly performing overseas division – Main Event doubled revenues in the six months to December 2021 – was not foreshadowed in previous announcements by the group. It will require shareholder approval at an extraordinary general meeting to be held later this year.

Following Wednesday’s surprise announcement, Ardent Leisure chairman Gary Weiss highlighted the success of the business, which included ”generating record revenues over the last twelve months”. Mr Weiss owns a 4.8 per cent stake in Ardent worth over $30 million, and intends to vote in favour of any shareholder resolution.If approved, the deal will transform Ardent, which owns Dreamworld on the Gold Coast and other struggling theme parks, into an Australian-only business.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Virgin makes play for business travellers with new loyalty programVirgin Australia has launched a new frequent flyer program for business travellers that will let them “double dip” on points in a bid to encourage business flying.
Source: smh - 🏆 6. / 80 Read more »

Virgin makes play for business travellers with new loyalty programThe new loyalty program is a concerted push from the airline to capture a 33% slice of the small and medium-sized business flyer market virginaustralia hijessicayun hijessicayun MY ADVICE: don’t depend on your salary alone start now by INVESTING IN BITCOIN AND FOREX TRADING INVESTMENT AN OPPORTUNITY FOR YOU TO BE EARNING 10% PROFITS EVERY WEEK anyone who is interested should contact jamesbtcexpert he is the one trading for me since COVID
Source: theage - 🏆 8. / 77 Read more »