SeaWorld Might Go Bankrupt

Tagged: Bankruptcy, SeaWorld

This topic has 5 replies, 4 voices, and was last updated 4 years, 1 month ago by Ryder_the_Great.

Viewing 6 posts - 1 through 6 (of 6 total)

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June 24, 2020 at 5:52 am #170921
Ryder_the_Great
SeaWorld Parks & Entertainment could be heading for bankruptcy soon
https://www.orlandoweekly.com/Blogs/archives/2020/06/24/seaworlds-largest-shareholder-may-be-pushing-the-company-into-bankruptcy
SeaWorld’s largest investor is rumored to be trying to force the company to bankruptcy and get rid of the animals (which is their biggest expense)
June 24, 2020 at 9:26 am #170991
THATTUGGLIFE
Premium
That is really awful. I hope it doesn’t happen.
June 24, 2020 at 10:35 am #171062
Oldie_Wan_Kenobi
I have heard a lot of bad things about Sea World.
Granted all of these things that I have read about come from people who are known for making trouble in these groups.
I would have to take a current deep dive into the going ons in Sea World today.
August 6, 2020 at 2:00 pm #182519
Krysta_J
Premium
That rumor sucks! I actually grew up going to Seaworld Orlando more than Disney whenever my family vacationed in Florida. It was my 2nd home and I have fond memories seeing all the animals, especially the killer whales, in person and seeing the amazing interaction between the animals and their caretakers. It’s unfortunate that Seaworld had some bad PR situations that negates all the good they do with animal rescue and conservation. I really hope this rumor isn’t true!
- This reply was modified 4 years, 3 months ago by Krysta_J.
August 10, 2020 at 9:37 am #183084
Ryder_the_Great
https://www.seaworldinvestors.com/news-releases/news-release-details/2020/SeaWorld-Entertainment-Inc.-Reports-Second-Quarter-and-First-Six-Months-2020-Results/default.aspx
SeaWorld just dropped their Q2 and First Six Months 2020 results. Attendance was 300,000 in Q2 2020 (compared to 6.5 million in Q2 2019) and revenue was $18 million (compared to $406 million in Q2 2019).
SeaWorld also said that they’re considering acquiring smaller amusement parks, water parks, and hotels. They want to rebrand some of those smaller parks into Sesame Place parks to add to the current one in Pennsylvania and planned one in California.
https://twitter.com/ThemedReality/status/1292813581663137793
September 24, 2020 at 7:30 pm #191766
Ryder_the_Great
https://seekingalpha.com/article/4375387-seaworld-bankruptcy-risk-is-real
Well it seems that SeaWorld is still on a path to bankruptcy. Now this article is lot of complicated businessy words (at least to me), but in summary, SeaWorld has a bunch of debt, and even though they’ve reopened most of their parks, operating at limited capacity combined with their poor performance could still lead to a bankruptcy
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SeaWorld Might Go Bankrupt

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