February 16, 2011
Cedar Fair drew record number of visitors in 2010
America's third-largest amusement park chain hit an all-time high in attendance in 2010 despite the tough economy and a shakeup in its front office.
Ohio-based Cedar Fair drew 22.8 million people to its parks, the company said Tuesday.
Better weathe... Read More »
February 16, 2011
Theme Parks Keep Rolling
Cedar Fair may have a love-hate relationship with its investors, but it must've left its thrill-seeking owners smiling with yesterday's fourth-quarter report.
The regional amusement park operator posted a better-than-expected 23% spike in revenue to $1... Read More »
March 19, 2008
Geauga Lake items to be auctioned off
As the deadline to turn in sealed bids for about 500 acres at Geauga Lake Park approaches, an auction of rides and equipment has been scheduled in June. March 28 is the deadline that real estate brokerage firm Colliers Ostendorf-Morris lists on its Web si... Read More »
January 09, 2008
Cedar Fair Entertains More Than 22 Million Guests in 2007
Cedar Fair today announced that combined attendance in 2007 at its eighteen locations totaled 22.1 million guests compared with 19.3 million in 2006. During this same period, preliminary average in-park guest per capita spending increased 5% to $40.45 com... Read More »
December 28, 2007
Geauga Lake update: No sale over the Christmas holidays
No one bought the former Geauga Lake's The Big Dipper roller coaster to put under their Christmas tree. Now Cedar Fair LLC, the park's owner, has hired the Intermark Ride Group to sell the historic coaster, along with three other coasters.... Read More »
September 21, 2007
Cedar Fair Announces New Direction For Geuuga Lake
Cedar Fair Entertainment Company announced today that Geauga Lake & Wildwater Kingdom in Aurora, Ohio, will become exclusively a water park attraction beginning with the 2008 season. “After four years of operating Geauga Lake as a combined water park/amus... Read More »
September 10, 2007
CEDAR FAIR PARKS EARN TOP HONORS AT AMUSEMENT TODAY'S GOLDEN TICKET AWARDS CEREMONY
Cedar Fair Entertainment Company , a leader in regional amusement parks, water parks and active entertainment, has, for the tenth straight year, earned the title of "Best Amusement Park in the World" for its flagship park, Cedar Point, Sandusky, Ohio, acc... Read More »
July 30, 2007
Cedar Fair Comments on Reports of Sale to Destiny Capital
Cedar Fair Entertainment Company , a leader in regional amusement parks, water parks and active entertainment, today commented on recent reports of a potential sale to Destiny Capital. "We have received numerous inquiries and questions regarding stories t... Read More »
July 23, 2007
Cedar Fair Declares Second Quarter Cash Distribution
Cedar Fair Entertainment Company , publicly traded leader in regional amusement parks, water parks and active entertainment, today announced the declaration of a regular quarterly cash distribution of 47.5 cents per limited-partner unit, consistent with t... Read More »
July 17, 2007
Great America owner implements life jacket rule at all parks
The parent company of an amusement park where a 4-year-old boy drowned last week said it is requiring children under 48 inches tall to wear life jackets in all company-owned pools. The new rule implemented Monday applies to pools at the 18 parks owned by... Read More »
July 09, 2007
Cedar Fair Seeks Buyout That Would Keep Bosses
Cedar Fair Entertainment Co., the nation's third-largest theme-park operator, has quietly reached out to private equity firms to gauge their interest in a buyout on the condition that the company's management team remains in place,... Read More »
July 05, 2007
Cedar Fair Reports Attendance and Revenues Through June
Cedar Fair Entertainment Company , a leader in regional amusement parks, water parks and active entertainment, today announced that combined 2007 revenues at its parks through July 1, 2007 were $355.3 million, on 7.8 million guest visits and average in-pa... Read More »
June 22, 2007
Va. Theme Park Among Those Closing Ride for Inspection
Drop tower rides at five amusement parks owned by Cedar Fair Entertainment Company -- including a park in Virginia -- have been closed for inspection after an accident on a similar ride at Six Flags Kentucky Kingdom severed a teenage girl's feet above the... Read More »
June 04, 2007
Early-season results flat for Cedar Fair
Cedar Fair Entertainment Co., the parent of Kings Island amusement park in Mason, reported revenues on a same-park basis were relatively unchanged for the first five months of its 2007 season.... Read More »
June 01, 2007
Cedar Fair Reports Early-Season Attendance and Revenues
Cedar Fair Entertainment Company , a leader in regional amusement parks, water parks and active entertainment, today announced that combined 2007 revenues at its parks through the Memorial Day weekend were $147.2 million, on 3.0 million guest visits and a... Read More »
April 23, 2007
Cedar Fair Declares First Quarter Cash Distribution
Cedar Fair Entertainment Company (NYSE: FUN), publicly traded leader in regional amusement parks, water parks and active entertainment, today announced the declaration of a regular quarterly cash distribution of 47.5 cents per limited-partner unit, consis... Read More »
April 10, 2007
Geauga Lake removes two roller coasters
It's a common summer tradition — spending a good ol' day at the local amusement park. When guests arrive at Geauga Lake and Wildwater Kingdom in Aurora this summer, however, they will see that two of the 10 roller coasters are gone. The park has announced... Read More »
February 08, 2007
Cedar Fair Reports Results for 2006 and Outlook for 2007 - Yahoo! News (press release)
Cedar Fair Entertainment Company, a leader in regional amusement resorts, water parks and active entertainment, today announced results for its fourth quarter and year ended December 31, 2006. The 2006 figures include the results of the Paramount Parks since their acquisition from CBS Corporation on June 30, 2006.
September 11, 2006
Cedar Fair drops earnings projection
Cedar Fair LP of Sandusky is lowering its 2006 earnings guidance due to falling attendance at its amusement parks.
The company said it now expects to post full-year revenue of $815 million to $835 million and full-year adjusted earnings before interest, taxes, depreciation and amortization of $285 million to $305 million, according to a company statement.
The statement did not list its previous earnings guidance, and a message left at Cedar Fair on Friday afternoon was not immediately returned.
June 14, 2006
Cedar Fair must decide on headquarters site
Come September, Cedar Fair LP will have a big decision: whether to operate from Sandusky, as it has since 1870, or move to Charlotte, N.C.
In buying Paramount Parks Inc. last month for $1.24 billion, the Sandusky amusement park operator acquired a floor of leased space in a modern office park building in Charlotte that is Paramount's headquarters.
When the deal was announced, Cedar Fair Chairman and Chief Executive Richard Kinzel, a Toledo native, was asked about the Charlotte site's fate. He was evasive.
June 02, 2006
Cedar Fair, L.P. Reports early-season attendance and revenues
Cedar Fair, L.P., a publicly traded partnership which owns and operates seven amusement parks and five water parks, today reported that combined revenues at its parks through the first five months of the year were unchanged from last year. This was the result of a 2%, or $1.1 million, increase in in-park revenues, offset by a 5%, or $1.2 million, decrease in out-of-park revenues, including resort hotels.
May 30, 2006
Full speed ahead - With Paramount Parks on board, Cedar Fair increases presence in amusement park market
Dick Kinzel sounded like a kid clutching a long-coveted birthday gift when he spoke about Cedar Fair’s decision last week to buy Paramount Parks for $1.24 billion in cash.
“We put everything on the back burner,” the Cedar Fair CEO said of the weeks leading up to the announcement of the deal. “We’ve always sort of wanted them. Sometimes you have to go off your plan a little bit and adjust.”
May 23, 2006
Shareholders angry over switch in amusement park twofer deal - The State
Cedar Fair shareholders say they're angry over a switch in a popular perk.
Shareholders used to get buy-one-get-one-free passes for the Sandusky company's flagship park, Cedar Point. This year the twofer deal is for the new Castaway Bay indoor water park.
The new perk is actually worth more because it includes overnight resort lodging.
February 15, 2006
Cedar Fair reports increased income, guest spending
By Robert Niles: Year-end financial results are in for the parent of Cedar Point and Knott's Berry Farm.