Cedar Fair Corporate Development Discussion Thread (FUN)

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Postby Swiminn6 » Wed Dec 16, 2009 5:58 pm

It's amazing how these companies can run when there in so much debt, I mean $20 billion!? Wow!!!

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Postby Skycoastin Steve » Wed Dec 16, 2009 5:58 pm

It should be interesting to see what this means for the CF properties.
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Postby Ethan! » Wed Dec 16, 2009 6:02 pm

OMG :omg:
I hope they treat this whole deal better than some of what cedar fair had done....

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Postby haiderodes » Wed Dec 16, 2009 6:14 pm

robbalvey wrote:^ Agreed. However I have no idea of what Apollo's past actions have been with other entertainment companies. They have bought AMC Entertainment, Harrah's Entertainment, and Norwegian Cruise Line, for example.

Did they de-comission any NCL ships? Did they close any Harrah's casinos? Did they shut down any AMC theaters?

If their pattern with other companies has been to shut down underperforming venues in an effort to keep the thriving ones going, then I'd be a bit concerned if I was CGA or MI, but if this hasn't been their approach in the past, I'd doubt it's something they would do...at least not right away.

--Robb


I work for Harrah's Entertainment and have worked here since before we were purchased by Apollo (along with another company). There really hasnt been a major change aside from some capital projects being put on hold (mostly due to the economy). In fact we have remained the largest and most stable of any of the gaming companies around.

I find this interesting news as we recently purchased a racetrack near Cleveland. Ohio, as many know, is close to legalizing gaming, so I imagine its a prudent move to get a strong footing there.
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Postby kingsdominionlvr » Wed Dec 16, 2009 6:19 pm

This is very interesting, considering I had heard nothing of Cedar Fair even being sold before this. I really like what CF has done for Kings Dominion, but I really don't want to make my opinion on Apollo until they actually get in the driver's seat and start making decisions.

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Postby Sir Clinksalot » Wed Dec 16, 2009 6:25 pm

^^ Hmmm ... Cedar Point Hotel and Casino has a nice ring to it. I'd be up for a visit!!!

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Postby Skycoastin Steve » Wed Dec 16, 2009 6:29 pm

kingsdominionlvr wrote:This is very interesting, considering I had heard nothing of Cedar Fair even being sold before this. I really like what CF has done for Kings Dominion, but I really don't want to make my opinion on Apollo until they actually get in the driver's seat and start making decisions.


I'm not entirely sure what some of the fans of the former Paramount Parks are complaining about with CF. In 3 years, CF has completely rejuvenated those parks. Three got B&M hypers, and another got one of the best floorless coasters in the world and an Intamin giga. So what's the beef? Before CF, KD, KI, and CW had ZERO B&M's and ONE Intamin. Those were Paramount's three flagship parks and they had one combined coaster from the two premier coaster designers of the last 15 years.
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Postby robbalvey » Wed Dec 16, 2009 6:39 pm

Skycoastin Steve wrote:I'm not entirely sure what some of the fans of the former Paramount Parks are complaining about with CF. In 3 years, CF has completely rejuvenated those parks. Three got B&M hypers, and another got one of the best floorless coasters in the world and an Intamin giga. So what's the beef? Before CF, KD, KI, and CW had ZERO B&M's and ONE Intamin. Those were Paramount's three flagship parks and they had one combined coaster from the two premier coaster designers of the last 15 years.

My beef is that they may have added "big rides" but they have really sucked some of the "atmosphere" out of Kings Dominion, Carowinds, Kings Island, and Great America, IMO.

For whatever reason Canada's Wonderland didn't seem much differet, and I'd say probably the biggest offender was Kings Dominion, but all of these parks I used to frequent at least once per year (KD and CGA probably 4-5 times per year) and while they may have been lacking a B&M or other major rides, they really did seem to have a "pulse."

Last year visiting KD and this year visiting CGA I found the parks to be more "lifeless" than ever before.

Not sure why, but they really seemed to lack much excitement. And not with the rides, just with the entire park in general.

Carowinds and Kings Island weren't as bad, but I've noticed this there too since the Cedar Fair takeover.

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Postby Skycoastin Steve » Wed Dec 16, 2009 6:45 pm

^Interesting. Sadly enough, I haven't been to KD or Carowinds since the takeover (worked at Carowinds in 2006 while they were in the process of buying it, but no full-fledged change happened till 2007). KD is also my home park, making it even more tragic that I haven't been in over 3 years. I'll obviously be heading to both parks next year for the Intimidators, so maybe I'll see what you're talking about.

**I do think that losing Nickelodeon will hurt the Paramount Parks because Nick is a lot more pertinent these days than Snoopy, but what can ya do?
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Postby CPmaverick » Wed Dec 16, 2009 6:48 pm

Since Apollo owns AMC, I wonder if I will get free movies with my Platinum Pass (I can dream, can't I).

haiderodes wrote:I find this interesting news as we recently purchased a racetrack near Cleveland. Ohio, as many know, is close to legalizing gaming, so I imagine its a prudent move to get a strong footing there.

Sir Clinksalot wrote:^^ Hmmm ... Cedar Point Hotel and Casino has a nice ring to it. I'd be up for a visit!!!

The problem with that is the new gambling law only allows for four gambling licenses. There will be a casino going to each of Ohio's four major cities (Columbus, Cleveland, Cincinnati, and Toledo).
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