Ardent Leisure re-opens Whitewater World and Dreamworld

Company News

by David Chau

Ardent Leisure (ASX:AAD) has announced its theme parks, Whitewater World and Dreamworld, will re-open its doors to visitors on Saturday, 10 December 2016 – just in time for the school holidays.

The company says that the safety review for Whitewater World has finished, and all of its slides, pools and cabanas will be open.

As for Dreamworld, only some of the rides will be open, while others will progressively re-open once they are signed off as part of the safety review process.

One ride that definitely won’t re-open is Dreamworld’s Thunder Rapids River ride, on which four people were killed in late-October.  Ardent Leisure is expecting Dreamworld to incur a $1.6 million one-off cost as a result of this tragedy.

Ardent Leisure posted a net profit of $42.4 million at 30 June 2016.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.