Future on Six Flags Dubai is now uncertain.
Wednesday was the first time Six Flags officials addressed what that could mean to the project — though they had few details other than saying that an on-time opening in 2019 was unlikely. “We cannot speak for our partner,” said Jim Reid-Anderson, president and CEO of Six Flags Entertainment. “They’re trying to work through what they do next. We don’t have an answer. I wish I could give you an answer to say, ‘This is what will happen.'” Reid-Anderson and Chief Financial Officer Marshall Barber said the Dubai operator is up-to-date on payments to Six Flags.
“The risk, for us, is minimal,” he said. “And I would tell you that this was our smallest park in terms of our expectations with regard to revenue and [earnings before interest, taxes, depreciation, and amortization], in terms of the outlook. So whilst we would never want the park not to go ahead, if it happens, it’s something we would manage through very successfully.”
So yeah, I have kinda been dreading the news a little, there is a rumor going around that DPR will be making a statement about the project around November. Despite all of this info I have a few contacts who tell me that the park is still going to be happening, but will be delayed.