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Six Flags faces a rough ride in China

12/31/2019| 10:33:01 AM|

Six Flags' Chinese development partner appears to be in trouble, which could end much of the international licensing income for the chain.

Six Flags' cash cow might have just run out of milk. The amusement park's Chinese development partner appears to be in trouble, which could mean the end of much of the international licensing income for the chain.

Trading has been halted on Riverside Investment Group's stock, according to a Chinese news report. The developer posted a statement to its website earlier this month noting a depressed real estate market and suggesting layoffs across the firm.

Six Flags earlier this year lost its Dubai project when partner Dubai Parks & Resorts pulled out, following disappointing attendance at its other three parks. Riverside had planned up to 11 parks in China, using various Six Flags brands, including several new park concepts.

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TAGS: Six Flags | theme park
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