Ardent Leisure announces review initiatives underway

Company News

by Jessica Amir

Ardent Leisure (ASX:AAD) says it is undertaking a number of reviews in his business, to transition the company to a pure play international firm.

The owner of leisure and entertainment assets, such as Dreamworld, says it’s reviewing important factors such as, the impact of the deaths at the theme park, rezoning the Dreamworld site for alternative uses and future opportunities.

In April, Ardent Leisure also started a review of Main Event’s business model and strategy, to position it for growth, acquisition and excellence in technology.

Ardent says it’s conducting the review with management consulting firm, L.E.K and expects a more detailed review will take place in the coming weeks.

Shares in Ardent Leisure (ASX:AAD) are trading 0.98% higher to $2.07.
 

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