logo
Six Flags plans to close this 49-year-old California park in 2027. Is the Illinois one next?

Six Flags plans to close this 49-year-old California park in 2027. Is the Illinois one next?

USA Today11-07-2025
Six Flags is likely to close its California's Great America park in Santa Clara, California, at the end of the 2027 season.
The park's lease is coming to an end, and the company's chief financial officer, Brian Witherow, told investors in May that there were no current plans to extend the lease.
'Unless we decide to extend, and exercise one of our options to extend that lease, that park's last year without that extension would be after the '27 season,' he said during a question and answer session at the company's investor day this spring.
The remarks were first reported by People.
California's Great America was originally opened in 1976 by the Marriott Corporation and traded hands multiple times before coming under ownership by Cedar Fair in 2006. Cedar Fair and Six Flags merged in 2024.
Cedar Fair had previously announced plans to close the park by 2033 after the operator sold the land to a logistics company, CBS News reported in 2022, but Six Flags decided to move up the closure date with the lease expiring.
What's the status of Six Flags Great America in Gurnee, Illinois?
There are no plans to shutter the Six Flags Great America located in Gurnee, Illinois, about 40 miles north of Chicago. According to reports from NBC Chicago, even though the park has merged with Cedar Fair and plans to close another park in Maryland, the Illinois park is slated to stay open.
The Six Flags in Gurnee originally opened in 1976 as Marriott's Great America before Six Flags took it over.
Six Flags also announced in May that it would close Six Flags America and Hurricane Harbor in Maryland at the end of this season. The final day of operation for both of these parks will be Nov. 2, 2025.
Zach Wichter is a travel reporter and writes the Cruising Altitude column for USA TODAY. He is based in New York and you can reach him at zwichter@usatoday.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Six Flags Entertainment Corporation (FUN): A Bull Case Theory
Six Flags Entertainment Corporation (FUN): A Bull Case Theory

Yahoo

time5 days ago

  • Yahoo

Six Flags Entertainment Corporation (FUN): A Bull Case Theory

We came across a bullish thesis on Six Flags Entertainment Corporation on by Motherlode. In this article, we will summarize the bulls' thesis on FUN. Six Flags Entertainment Corporation's share was trading at $30.61 as of August 4th. FUN's trailing and forward P/E were 17.57 and 15.95, respectively according to Yahoo Finance. Marcio Jose Bastos Silva/ Six Flags Entertainment Corporation (ticker 'FUN') emerged from the July 2024 merger of Six Flags and Cedar Fair, creating North America's largest amusement park operator with 42 parks across the U.S., Canada, and Mexico. At $35/share, FUN carries a $3.6 billion market cap and $9.2 billion TEV. The Cedar Fair team now leads operations, replacing Six Flags' historically weak management. Despite a recent sell-off driven by consumer demand fears and a weather-disrupted start to 2025, these concerns appear overstated and present a compelling entry point with substantial upside potential. The company operates in an industry with extraordinary barriers to entry, where no significant new parks have been built in decades and replication would require $20–30 billion and 5–10 years. This moat protects earnings while management revitalizes legacy Six Flags properties, which have underperformed for years due to chronic underinvestment and poor strategy. Cedar Fair's disciplined approach—focused on guest experience, new attractions, and digital engagement—has already shown early signs of improvement, with guest satisfaction scores rising post-merger. Opportunities include recapturing 7–15 million annual visits lost since 2019, driving pricing power, and realizing $120 million in synergies (tracking ahead of plan, with an additional $60 million identified). Despite fears of cyclicality, theme parks remain a low-cost entertainment option, supported by season-pass-driven recurring revenue and resilient mid-to-upper-income demand. While weather could cause modest near-term misses, execution on attendance recovery, capital investment, and cost efficiencies could drive significant EBITDA growth. Management's targets appear conservative, and long-term potential suggests this could be a multi-year compounder. Normalized conditions and strategic progress could rerate shares to $55–60 by year-end, offering exceptional risk/reward. Previously, we covered a on Xponential Fitness, Inc. (XPOF) by Inflexio Research in February 2025, which highlighted its robust franchise pipeline and international expansion potential. The company's stock price has depreciated by approximately 38.33% since our coverage. This is because growth execution lagged expectations. The thesis still stands as long-term fundamentals remain strong. Motherlode shares a similar view on Six Flags Entertainment but emphasizes merger synergies and operational improvements. Six Flags Entertainment Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held FUN at the end of the first quarter which was 47 in the previous quarter. While we acknowledge the potential of FUN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.

Six Flags Cuts Outlook As Unfavorable Weather And Economic Uncertainty Dampen Sales
Six Flags Cuts Outlook As Unfavorable Weather And Economic Uncertainty Dampen Sales

Yahoo

time6 days ago

  • Yahoo

Six Flags Cuts Outlook As Unfavorable Weather And Economic Uncertainty Dampen Sales

Six Flags Entertainment Corporation (NYSE:FUN) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter sales of $930.39 million, which missed the analyst consensus estimate of $1.05 billion. The company cautioned that unfavorable weather adversely affected its results across most of the key markets, including prolonged periods of rain, extreme temperatures, and severe 379 days out of a planned 2,042 total operating days in the second quarter were weather-impacted days, including 49 days in which certain parks were forced to close entirely. Attendance totaled 14.2 million guests, 6.3 million of whom attended legacy Six Flags parks added in the merger. Combined attendance of 14.2 million guests was down 9%. 'The start of the 2025 season, including our second quarter results reported today, fell significantly short of our expectations, a disappointing outcome given the solid progress we achieved post-merger with smart, early-stage initiatives coupled with a very compelling capital program designed to kickstart the 2025 season and perpetuate the momentum we had created over the second half of 2024,' said Six Flags CEO Richard Zimmerman. View more earnings on FUN The firm reported quarterly adjusted earnings per share of 26 cents, down from 40 cents in the year-ago period. On a GAAP basis, the company reported earnings per share of 99 cents, which compares with $1.08 in the year-ago period. For the three months ended June 29, adjusted EBITDA totaled $243 million compared with $205 million for the second quarter of 2024. As of June 29, the company reported deferred revenues of $461 million, compared with $289 million in the year-ago period. The firm exited the quarter with cash and equivalents worth $107.38 million. Outlook 'We believe the early-season headwinds were transient and, therefore, will lean into the strength and resiliency of our business model over the second half,' continued Zimmerman. 'That includes being focused on our priorities of growing adjusted EBITDA, reducing net leverage, and successfully completing our integration efforts.' Six Flags has trimmed its 2025 EBITDA projection to a range of $860 million to $910 million. The company cited weaker-than-expected season pass sales and ongoing economic uncertainty as the primary drivers of the revision. The company notes that the smaller 2025 season pass base will continue to represent a headwind on demand, potentially limiting attendance upside until later in the year as the 2026 season pass program ramps up. Price Action: FUN shares are trading lower by 15.3% to $26.00 premarket at last check Wednesday. Read Next:Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SIX FLAGS ENTERTAINMENT (FUN): Free Stock Analysis Report This article Six Flags Cuts Outlook As Unfavorable Weather And Economic Uncertainty Dampen Sales originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store