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SeaWorld Parks & Entertainment (SEAS) Corporate Thread

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I love SeaWorld! And I'm glad things are starting to improve for the company! I visited SeaWorld Orlando for the first time in 2011, and I'll be visiting SeaWorld San Diego for the first time in July. The reason I'm visiting is because of the new coaster (I've never ridden a Sky Rocket II model), and to enjoy the wonderful atmosphere that SeaWorld parks provide. I'm happy that SeaWorld does so much for the animals, but adding coasters, thrill rides, and other attractions is what draws guest in. As long as they focus on the parks, and stop caring about that BLACKFISH garbage, and worrying about PETA, I'm sure the company will do just fine.

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  • 1 month later...

Apologies if this was posted here but this is awesome.

 

SeaWorld bans plastic bags, straws from 12 theme parks

http://www.latimes.com/os-bz-seaworld-plastic-bag-20180608-story.html

 

 

To protect the environment, SeaWorld Entertainment has removed all single-use straws and plastic bags from the company’s 12 theme parks, including those in Orlando.

 

The Orlando-headquartered company made the announcement Friday in a news release.

 

"We see the harmful effects of plastic pollution in the animals we rescue and rehabilitate, and therefore, recognize the importance of doing our part to curb plastic pollution,” interim CEO John T. Reilly said in a statement.

 

The Ocean Conservancy, a nonprofit environmental advocacy group, estimates that 8 million metric tons of plastics end up in the ocean every year, SeaWorld said in the release.

 

At SeaWorld parks, visitors will now receive paper straws or can buy reusable plastic straws for their drinks at the concession stands.

 

“The process has been ongoing for a few years,” SeaWorld spokesman Travis Claytor said about reducing plastic waste. “This has been something we’ve been working toward.”

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Our welcome bags for our wedding guests are reusable metal and bamboo straws and making a donation to the Marine Mammal Center with some information on the table about the importance of reducing the use of single-use plastic. (Yep, we're those people, I get it. For what it's worth, the food and booze will be kick-ass, too.)

 

Glad to see more and more companies doing the right thing.

Edited by michaellynn4
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Busch Gardens Williamsburg had paper straws when I went to the food and wine festival this year, they are awful. I ended up using about two straws per frozen drink because they kept getting clogged and end up looking like someone chewed on them when I didn't lol and it affects the taste cause it really does feel like you have paper in your mouth.

 

I'm totally behind getting rid of plastic straws but paper straws aren't the answer for me. I'll just bring a reusable straw for myself next year.

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So I got an email from SeaWorld late last night, apparently they settled this class action lawsuit and some people are entitled to some free popcorn now lol.... This whole thing just seems like a massive waste of time and money of the court system just to get some free popcorn out of SeaWorld lol... This is from a Google search about it...

 

https://topclassactions.com/lawsuit-settlements/closed-settlements/832470-seaworld-customer-receipt-class-action-settlement/

 

 

And this is from the email I received...

 

"Pursuant to the Settlement Agreement and final order of the Court approving the settlement in the matter of Diaz v. SeaWorld Entertainment, Inc., et al, SeaWorld has chosen popcorn as the free food concession item. Accordingly, if you have received this email as an entitled Class Member you may follow the steps below to obtain two (2) certificates each of which shall entitle you to one free bag of popcorn (2 bags in total) from any concession stand within a SeaWorld Parks & Entertainment theme park where such item is sold. Each certificate shall be valid for 2 years from the date of issuance. You will not be required to pay the stated purchase price for the concession or tax. Park admission is required in order to redeem this offer."

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  • 1 month later...

SeaWorld reported a great Q2 and PETA is soooooooo f*cking pissed.

 

SeaWorld Surges After Free Beer and New Rides Drive Visitor Growth

 

SeaWorld Entertainment Inc. rose the most in more than five years after reporting a steep rise in theme-park attendance and a tentative settlement in a long-running Securities and Exchange Commission investigation.

 

Attendance at the company’s parks rose 4.8 percent in the second quarter, a critical summer stretch. On a conference call with investors Monday, management cited rising season-pass sales, new rides and a free-beer promotion in Tampa and Orlando, Florida. The company also said it saw a strong uptick in July.

 

The results mark a turnaround at SeaWorld, which has battled animal-rights activists who say the parks shouldn’t keep killer whales in captivity. The company also recorded an estimated $4 million expense to settle with federal regulators who’ve been investigating claims prior management wasn’t candid with investors when discussing the business impact of “Blackfish,” a 2013 documentary critical of the company.

 

SeaWorld, which owns its namesake ocean-themed parks, as well as Busch Gardens and some water parks, reported second-quarter results that beat analysts’ expectations, even as other amusement-park operators reported weaker results due to storms on the East Coast. The company set a new target of $50 million in cost savings as well.

 

“We are impressed with the strong performance despite weather headwinds,” Wells Fargo Securities analyst Tim Conder said in a research note Monday.

 

Shares of SeaWorld gained 17 percent to $24.67 at 10:58 a.m. in New York after rising as high as $26 to mark the biggest intraday gain since April 2013. The stock had advanced 56 percent through Aug. 3.

- Bloomberg

 

So yeah, this is huge, huge news. I was hesitant to get too excited about Q1 because Q1 is a small sample size since it's their slow season in the year-round parks and Williamsburg is closed for most of it and I was concerned that with Easter being when it was and with Williamsburg's new pricing structure we were just seeing revenue move from Q2 to Q1 but this seems to validate the fact that the chain is FINALLY seeing some legitimate growth.

 

This is great news all around.

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AWESOME! See, they need to keep up this "your family will have fun here" marketing. As long as visiting or not visiting was a political statement, a lot of people just opted to stay away. Make it a decision on whether you'll have fun, and people will come back.

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This is great news. I visited SeaWorld San Diego a couple weeks ago for the first time in quite a while and I loved it. The park was clean, employees seemed happy and efficient, food was good, and all around it was a fun day. I think Electric Eel did a lot of good for that park!

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They followed up the great news by announcing 125 more layoffs, so there's still lots of underlying problems.

Edited by Jew
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Look, they can try to spin it any way they want, but let's be real here. It was the free beer. Nothing else.

 

What I'm trying to say is that if any amusement park in the world wants more people they should give away free beer. Holiday World, I'm lookin at you. You started the trend with soda, now let's have some real fun!

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Look, they can try to spin it any way they want, but let's be real here. It was the free beer. Nothing else.

They followed up the great news by announcing 125 more layoffs, so there's still lots of underlying problems.

Yeah, the problems aren't going to go away overnight. This may not even be much, but hopefully it marks some sort of turn around for the company.

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Glad I got out of there when I did; more layoffs yet again. I feel bad for everyone (no longer) working there. I just had that hunch to get out of there when I did to avoid all the drama. I really felt they really were a great company to work for and treated their workers and animals really well.

 

Unfortunately, I don't see this uptick in financials being long term. I hope I'm wrong.

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SeaWorld Parks & Entertainment has sent us a press release announcing the extension of their contract to host the Rudolph the Red-Nosed Reindeer and friends charactesr in their parks across the country for five more years!

 

Beloved Christmas characters Rudolph the Red-Nosed Reindeer and friends, including Clarice, Bumble, the Abominable Snow Monster and Yukon Cornelius, and Rudolph themed attractions will continue to be featured as part of the Christmas Celebration™ events at SeaWorld parks in Orlando, Fla., San Antonio and San Diego; Christmas Town™ at Busch Gardens parks in Tampa, Fla. and Williamsburg, Va. and A Very Furry Christmas at Sesame Place in Langhorne, Pa.

 

The five-year contract extension was announced today by SeaWorld Parks & Entertainment and Character Arts, LLC, the exclusive licensor of Rudolph the Red-Nosed Reindeer and all of the characters from the 1964-television special. The extension ensures that Rudolph & Friends will continue to add holiday fun to the theme parks’ already popular Christmas events through January 31, 2024.

 

Walk-around characters, photo areas, dining opportunities and games are just some of the ways the world’s most famous reindeer will be featured at the theme parks.

 

“We are thrilled that Rudolph will continue to be part of the wonderful Christmas experiences at SeaWorld, Busch Gardens and Sesame Place,” said Jonathan Flom, founder, Character Arts. “These characters have already been so well-received by park guests, and we are looking forward to continuing sharing the holiday fun.”

 

“Generations of our guests have grown up with Rudolph and we are happy to continue the tradition at our popular holiday events,” said John Reilly, SeaWorld Parks & Entertainment’s interim CEO. “We are always looking for ways to provide our guests with best-in-class experiences; Rudolph & Friends certainly help us do that with unique, interactive elements for the entire family.”

 

SeaWorld, Busch Gardens and Sesame Place’s holiday celebrations will launch in late November and run throughout the month of December. For additional holiday information, visit: http://www.SeaWorldParks.com

1189938813_SEARudolphandClarice.thumb.jpg.abca1b7eaa9782e5f001a64666edddc4.jpg

1491491121_SEARudolphandFriends.thumb.jpg.83b79a455fbf78222c94787645d83569.jpg

Edited by jedimaster1227
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  • 5 months later...

After an extensive search process SeaWorld Entertainment has announced that Gustavo Antorcha, formerly the Chief Operating Officer of Carnival Cruise Lines is the new CEO of SeaWorld Parks & Entertainment. Additionally, John T. Reilly will remain with SeaWorld after serving as Interim CEO, now working as the Chief Operating Officer for SeaWorld Parks & Entertainment.

 

http://www.seaworldinvestors.com/news-releases/news-release-details/2019/SeaWorld-Entertainment-Inc-Appoints-Gustavo-Antorcha-as-Chief-Executive-Officer/default.aspx

 

1.jpg.301263bb8c8bbbc65b1e49020c6c02f4.jpg

SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today announced that it has appointed Gustavo (Gus) Antorcha as Chief Executive Officer and member of the Board of Directors, effective February 18, 2019. In addition, the Company announced that John T. Reilly, who has served as Interim CEO during the CEO search process, has been appointed Chief Operating Officer.

 

The Company's announcement follows a thorough search process led by a special committee of the Board of Directors.

 

"We are thrilled to welcome Gus to the SeaWorld team," said Yoshikazu Maruyama, Chairman of the Board of Directors. "Gus is a proven leader with broad experiences in the travel and leisure industries. His unique combination of strategy, operations and leadership skills make him the right person to lead SeaWorld through its next phase of growth. Gus helped deliver strong financial results and improved guest satisfaction at Carnival by leading efforts to optimize pricing, improve onboard marketing and communications, introduce new guest experiences and drive capital and cost efficiencies – all core to SeaWorld's current strategy."

 

Mr. Antorcha was most recently the Chief Operating Officer of Carnival Cruise Lines, a subsidiary of Carnival Corporation & PLC, the world's largest leisure travel company, where he worked for over eight years. Prior to joining Carnival, Mr. Antorcha was a Partner and Managing Director at the Boston Consulting Group (BCG), a global strategy and management consulting firm, where he helped clients set strategy and drive operational excellence in the travel and leisure industries. Mr. Antorcha graduated magna cum laude with distinction from Duke University and subsequently earned an MBA from the Stanford Graduate School of Business.

 

Mr. Antorcha stated, "I am excited to join the SeaWorld team. SeaWorld has an irreplaceable portfolio of incredibly valuable assets and brands and provides guests with highly differentiated and inspiring experiences. The organization has an outstanding group of dedicated employees who, together, have a clear focus on improving execution, enhancing the guest experience and growing revenue, profitability and free cash flow. I look forward to working with this talented group to enhance and accelerate these efforts and to help realize the full potential of this business for all stakeholders.

 

"In addition, I am deeply impressed by the Company's commitment to animal welfare, conservation, rescue and education, and I am proud to be working with the more than 1,000 veterinarians, zoologists and other animal care specialists who devote their lives every day to animal care at SeaWorld."

 

Mr. Maruyama added, "We thank John for his significant contributions. He is an outstanding leader and we look forward to him working with Gus to drive operational excellence across the Company."

 

Mr. Maruyama, who previously assumed the position of Interim Executive Chairman, will resume his role as Chairman of the Board of Directors.

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  • 3 months later...

https://finance.yahoo.com/amphtml/news/seaworld-entertainment-inc-announces-buyback-111500718.html

 

SeaWorld Entertainment, Inc. Announces Buyback and Hill Path Capital to Increase Investment

PR Newswire

PR NewswireMay 28, 2019, 11:15 AM GMT

SeaWorld Entertainment, Inc. to purchase approximately 5.6 million shares from an affiliate of Pacific Alliance Group ("PAG"); Hill Path Capital to purchase approximately 13.2 million shares from PAG and increases equity stake to approximately 34.5%

 

ORLANDO, Fla., May 28, 2019 /PRNewswire/ -- SeaWorld Entertainment, Inc. (SEAS) ("SeaWorld" or the "Company"), a leading theme park and entertainment company, announced today that (a) the Company has entered into an agreement to acquire approximately 5.6 million shares for approximately $150.0 million from an affiliate of PAG and (b) Hill Path Capital LP and certain of its affiliated investment funds ("Hill Path"), a long-term SeaWorld investor have entered into an agreement for certain of such affiliated investment funds to acquire approximately 13.2 million shares, from an affiliate of PAG, increasing its equity stake in the Company to approximately 34.5%.

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  • jedimaster1227 changed the title to SeaWorld Parks & Entertainment (SEAS) Corporate Thread

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