How much did Six Flags payout for the class-action lawsuit?


How much did Six Flags payout for the class-action lawsuit? Theme park operator Six Flags has agreed to pay $36 million to settle a class-action lawsuit over its acquisition of the fingerprint data of visitors to its theme parks.


Why is Six Flags losing money?

But, these numbers are all positive, so why is Six Flags losing money? It's because attendance is dropping faster than revenue is rising. In 2021, Six Flags' total attendance was 27.7 million, but that fell by 26% to 20.4 million. Sure, guests are starting to spend more, but it's not enough to make up for the decline.


Why did Six Flags almost go out of business?

Six Flags became only the latest company to prove unable to cope with its debt load at a time when previous solutions like refinancings are largely unavailable. The theme park operator, which had $2.4 billion in debt, faced nearly $300 million in payments to preferred stockholders due in August.


How to get banned from 6 flags?

8 Things That Will Get You Banned From Six Flags
  1. Don't ask if you can take other people's children on rides. ...
  2. Don't have “offensive” tattoos. ...
  3. Don't wear “offensive” t-shirts. ...
  4. Don't be Marilyn Manson. ...
  5. Don't be a member of the band All Time Low. ...
  6. In fact, don't be a heavy metal band at all. ...
  7. Don't beat up the characters.


What did Six Flags get sued for?

The shareholder case alleges that Six Flags misled investors in 2018 and 2019 about the company's progress on an ambitious plan to expand its international footprint with the construction of as many as 20 new theme parks in China. By early 2020, the plan was in tatters.


How much money did Six Flags lose?

The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.


How many 6 Flags deaths have there been?

Since the first Six Flags park opened in 1961, there have been sixty-one deaths at amusement and water parks that were or are currently owned by the franchise.


How much debt is Six Flags in?

Balance Sheet and Capital Allocation As of January 1, 2023, the company had total reported debt of $2,381 million , and cash or cash equivalents of $80 million .


Was Six Flags sued?

In Rosenbach v. Six Flags Entertainment Corporation, the Plaintiff – the mother of a fourteen-year-old boy – sued Six Flags Entertainment Corporation under the Illinois Biometric Privacy Act (BIPA).


Categories