Is Six Flags getting sued?

Is Six Flags getting sued? Six Flags Great America has agreed to a $36 million settlement to end a class-action lawsuit over the amusement park's use of finger-scan entry gates. Six Flags doesn't admit to any fault or liability as part of the agreement, which is subject to final approval at a court hearing in October.

Is Six Flags in financial trouble?

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.

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.

When did Six Flags get abandoned?

Inside the abandoned Six Flags New Orleans park But besides being used for a few movies like 'Jurassic World,' the gates have been shuttered since August 21, 2005 – eight days before Hurricane Katrina hit Louisiana.

Why is Six Flags abandoned?

Severe damage from Hurricane Katrina closed the park and it never reopened due to a pump failure after four to seven feet of floodwaters sat on park grounds. The Industrial Development Board took ownership of the property in 2009.

How to get banned from 6 flags?

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.

Is Six Flags ethical?

Conducting Ethical Business Throughout our more than 60-year history, Six Flags has been committed to conducting business in a responsible, honest, and ethical manner.

How many accidents happen at 6 flags?

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.

Has anyone ever sued Six Flags?

Stacy Rosenbach, the lead plaintiff in the case against Six Flags, sued the Gurnee amusement park in 2016 on behalf of her son, Alexander, who provided his fingerprint to gain entry, without first giving his consent. The case eventually reached the Illinois Supreme Court.

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 .

How much does 6 flags make a year?

Amusement park company Six Flags Entertainment generated approximately 1.36 billion U.S. dollars in revenue in 2022.