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Six Flags

From Wikipedia, the free encyclopedia
American amusement park company
This article is about the current company following a 2024 merger. For the historic company, seeSix Flags (1961–2024). For the other merged predecessor, seeCedar Fair.
Six Flags Entertainment Corporation
Logo used since 2024
Company typePublic
ISINUS83001C1080
IndustryAmusement parks
Predecessors
FoundedJuly 1, 2024; 19 months ago (2024-07-01)
HeadquartersCharlotte, North Carolina, U.S.
Number of locations
42 (2026)
Area served
Key people
Marilyn Spiegel
(board chair)
John Reilly
(CEO andpresident)
Brands
Services
RevenueIncreaseUS$2.71 billion (2024)
IncreaseUS$0.31 billion (2024)
DecreaseUS$−0.23 billion (2024)
Total assetsIncreaseUS$9.13 billion (2024)
Total equityIncreaseUS$2.04 billion (2024)
MembersDecrease 7.4 million (2025)[a]
Number of employees
Decrease 98,000 (2024)
Websitesixflags.com
Footnotes / references
Financials as of December 31, 2024[update].[b][2]

Six Flags, officiallySix Flags Entertainment Corporation, is an Americanamusement park company headquartered inCharlotte, North Carolina, United States. The company has 42 locations in its portfolio, including 27 amusement parks and 15water parks, with nine on-siteresort properties. Formed on July 1, 2024, following amerger of equals between longtime competitorsCedar Fair and theformer Six Flags company, it is the largest regional amusement park operator in the world. Upon completion of the merger that was valued atUS$8 billion, former Cedar Fair stockholders obtained a 51.2% majority stake in the newly-formed company, and the Six Flags name was retained while the Cedar Fair ticker symbol, FUN, was selected for theNew York Stock Exchange.

Six Flags holds exclusive theme park rights to useWarner Bros. intellectual properties such asLooney Tunes andDC Comics in most areas of the United States as well as Mexico, whilePeanuts characters are featured at select parks through a separate licensing agreement.[c] The company also implements an expedited queuing system at its parks namedFast Lane. In 2024, Six Flags properties hosted 50.3 million guests, ranking it as thefifth-highest in attendance among theme park companies in the world.[4] Internationally, the company has two parks in Mexico, two in Canada, and one in Saudi Arabia.

Background

[edit]

Former Six Flags company

[edit]
Main article:Six Flags (1961–2024)

Six Flags Theme Parks originated with the creation of TheGreat Southwest Corporation byAngus G. Wynne and other investors, who would go on to open the chain's original park,Six Flags Over Texas, in August 1961. After thePennsylvania Railroad gained a controlling stake in the company's shares, a handful of new parks were constructed, and multiple independently-owned parks were purchased over the following two decades. Following the acquisition ofMarriott Corporation'sGreat America theme park inGurnee, Illinois, in 1984, Six Flags acquired the rights to featureWarner Bros.'Looney Tunes animated characters at their properties;Time Warner (nowWarner Bros. Discovery) subsequently purchased much of the company and was its sole owner from 1993 to 1995. Six Flags Theme Parks, Inc. was later bought out by Premier Parks – an Oklahoma-basedreal estate firm and theme park chain – on April 1, 1998, for $1.86 billion.[5] Premier began to apply the Six Flags name to several of their existing properties in North America and Europe, eventually fully assuming the brand name in 2000.

Theme parks likeSix Flags AstroWorld were closed in the 2000s, before Six Flags eventually filed forChapter 11 bankruptcy in 2009.

Throughout the 2000s, Six Flags began to suffer from growing debt and organizational bloat, eventually resorting to selling off assets like its European parks andWorlds of Adventure in 2004. Some of the company's largest investors grew frustrated with Six Flags and demanded change;Daniel Snyder's Red Zone, LLC successfully gained control of Six Flags' board of directors in 2005 by means of aproxy battle. New management continued to sell off various American amusement park locations throughout 2006–2007, although their cash flow continued to decrease, falling $120 million annually under Red Zone's board. Affected by the2008 financial crisis and theGreat Recession, Six Flags filed for Chapter 11bankruptcy protection in 2009 but continued to operate the parks as normal. Six Flags re-emerged as Six Flags Entertainment Corp. on May 3, 2010, moving head offices fromNew York City toGrand Prairie, Texas and allowing lenders to control 92% of the company in exchange for canceling $1.13 billion in debt.[6]

Jim Reid-Anderson was instated aschairman,president andchief executive officer (CEO) on August 13, 2010 and succeeded by Mike Spanos in late 2019. New initiatives were launched to build Six Flags theme parks in global markets; the previously cancelled Six Flags Dubai was revived in 2014 before being called off again in 2018.Six Flags Zhejiang and Six Flags Chongqing both began construction inChina before a declining real estate and the collapse of its local investment firm in 2020 forced both projects to be sold on to other developers. TheCOVID-19 pandemic also hindered Six Flags' operations during 2020, forcing many parks to remain closed for the year. Mike Spanos stepped down in 2021, allowing chairman Selim Bassoul to assume the role of CEO. Seeking reinvention, Bassoul announced a new strategy favoring guest experience over capital investments; this meant raising prices in order to lower daily park crowds, thus improving the park experience for higher-paying guests.[7] The initiative and various comments made by Bassoul proved controversial with shareholders, and was abandoned in November 2022 after park attendance plummeted by 33%.[8][9][10]

Cedar Fair

[edit]
Main article:Cedar Fair
Cedar Point's 1978 acquisition ofValleyfair led to the formation of Cedar Fair, L.P. in 1983.

In 1978, theCedar Point amusement park inSandusky, Ohio, purchased theValleyfair amusement park.[11] This led to the formation of Cedar Fair Limited Partnership in 1983—with the "Cedar" derived from Cedar Point and "Fair" derived from Valleyfair. Later, the company went public on April 29, 1987.[12] The company would increase its portfolio through later acquisitions of amusement parks throughout the United States, includingDorney Park (1992),[13]Worlds of Fun (1995),[14]Knott's Berry Farm (1997),[15]Michigan's Adventure (2001),[16] andGeauga Lake (2004).[17] The company additionally gained rights to usePeanuts intellectual properties within its parks in 1997 via its acquisition of Knott's Berry Farm.[18]

Cedar Fair would later acquireParamount Parks, a subsidiary ofthe first incarnation of Viacom, on June 30, 2006 for US$1.24 billion; the company had acquired all five theme parks from Paramount Parks on May 22, 2006.[19] Ultimately, Cedar Fair opted out of using Paramount-licensed properties long-term.[20] Soon after, the company would begin todo business as Cedar Fair Entertainment Company.[21] The company would close Geauga Lake in 2007 and faced a failed acquisition attempt byApollo Global Management in 2010.[22][23]

Cedar Fair sold the land ofCalifornia's Great America toPrologis for US$310 million to lower overall corporate debts to US$2 billion.

In 2019, thethen-Six Flags company approached Cedar Fair with a cash-and-stock acquisition offer, although it was quickly rejected.[24][25] Then,SeaWorld Entertainment (now United Parks & Resorts) made an unsolicited all-cash bid to buy Cedar Fair for US$3.4 billion in 2022; the offer was rejected two weeks later.[26][27] In order to lower overall corporate debts, the company soldCalifornia's Great America inSanta Clara, California, on June 27, 2022, to real estate developerPrologis for US$310 million.[28] By the end of 2022, Cedar Fair reported it had around US$2.2 billion innet debt.[29]

History

[edit]

Merger

[edit]
Merger of Cedar Fair and Six Flags
Pre-merger logos ofCedar Fair and theformer Six Flags company.
The logo of the newly formed Six Flags following merger completion, used since July 1, 2024.
Initiator
TypeMerger of equals
CostUS$8 billion (all-stock deal)
InitiatedNovember 2, 2023; 2 years ago (2023-11-02)
CompletedJuly 1, 2024; 19 months ago (2024-07-01)
Resulting entityCopperSteel HoldCo, Inc. (renamed to Six Flags Entertainment Corporation)
StatusCompleted

Announcement

[edit]

Longtime competitorsCedar Fair andSix Flags announced their merger on November 2, 2023, roughly four years after Six Flags made an unsuccessful acquisition offer for Cedar Fair in 2019. The announcement came at a time when amusement parks struggled to raise attendance after theCOVID-19 pandemic, citing the need for financial stability, cost efficiency, and to compete with destination theme parks.[30][31][32] Both companies anticipated US$120 million in cost savings within two years following the merger's completion.[33] Including debt, it would form an enterprise value of US$8 billion, creating a portfolio of 27 amusement parks, 15 water parks, and 9 resort properties, making the newly formed company the largest amusement park operator in North America.[34][35][36]

Described as a "merger of equals",[34] Cedar Fair shareholders would become majority owners, owning a 51.2% stake in the new company, while Six Flags shareholders would own a 48.8% stake. The merger was executed as an all-stock transaction: each Cedar Fair share was exchanged for one share in the new company, while each Six Flags share was exchanged for 0.58 shares.[37][38] It was structured through a newly formedholding company named CopperSteel HoldCo, Inc., which both companies would merge into.[39] Upon completion, CopperSteel HoldCo, Inc. was to be renamed to Six Flags Entertainment Corporation and the companies would trade under Cedar Fair'sticker symbol, FUN, on theNew York Stock Exchange.[39]

Approval

[edit]

Theboard of directors of both companies had approved the merger at the time of initial announcement.[40] TheUnited States Department of Justice (DOJ) launched theirantitrust review process of the merger on January 22, 2024, and issued asecond request for additional information from both companies.[41][42] On January 25, 2024, theMexican Federal Competition Commission approved the merger.[39] Because Six Flags shareholders would hold a minority stake in the new company, approximately 80% of Six Flags shareholders overwhelmingly voted to approve the merger on March 12, 2024.[43][44] The DOJ approved the merger on June 26, 2024, allowing the companies to finalize their merger.[45][46] The merger was completed on July 1, 2024.[47]

Opposition

[edit]

Immediately after the merger's announcement, activist investment firm Land & Buildings Investment Management, which held a 1% stake in Six Flags, opposed the merger, stating that the deal "does not maximize value for all shareholders."[48]

Since the merger was structured so that Cedar Fair unitholders would hold a 51.2% majority, it did not require a vote.[49] In December 2023, investment firmNeuberger Berman, which held a 3% stake in Cedar Fair, accused the companies of purposefully structuring the deal so that Cedar Fair unitholders weredisenfranchised, asserting that the merger would not be approved if Cedar Fair unitholders were allowed to vote.[50][51]

Post-merger operations

[edit]
Significant administrative operations for Six Flags are held inSandusky, Ohio, insideCedar Point. These operations are held in the formerCedar Fair headquarters.

After the merger's completion on July 1, 2024, thepresident andCEO of Cedar Fair, Richard Zimmerman, became president and CEO of the new combined company. Selim Bassoul, the president and CEO of the former Six Flags company, became theexecutive chairman of the company's board of directors.[34] The combined company's headquarters was relocated toCharlotte, North Carolina, five miles northeast of itsCarowinds park, with significant administrative and financial operations based at Cedar Fair's former headquarters inSandusky, Ohio.[35][52] Six Flags clarified at the time of merger that the company did not anticipate making any major changes at the park-level and that all properties would retain their pre-merger names.[47] Stocks for both Cedar Fair and the former Six Flags company ceased trading on the New York Stock Exchange, and the newly formed entity commenced trading on July 2, 2024 under theticker symbol FUN.[53]

In late-2024, Six Flags outlined plans for a portfolio optimization in the company, which may include closing or selling off some of its locations.[54] The company filed plans with theUnited States Securities and Exchange Commission (SEC) on December 17, 2024, that it would acquire the remaining limited partnership units ofSix Flags Over Georgia,Hurricane Harbor Atlanta, andSix Flags White Water by January 12, 2027. The transaction would cost US$332.6 million, and would increase Six Flags' ownership of the three parks from 31.5% to full ownership.[55] On February 10, 2025, Six Flags andQiddiya Investment Company announced that it had signed an agreement that would make Six Flags the operator for the upcomingSix Flags Qiddiya City theme park inRiyadh Province,Saudi Arabia, in addition to developing and licensing the Six Flags brand for the park. The theme park, originally announced in 2018 under the former Six Flags company, was slated for a late-2025 opening.[56][57]

Six Flags America inWoodmore, Maryland, permanently closed on November 2, 2025.

On May 1, 2025, the company announced it would permanently close theSix Flags America theme park and its accompanying water park,Hurricane Harbor Maryland, inWoodmore, Maryland. The company cited that the park were "not a strategic fit with the company's long term plan," and that the property would be redeveloped.[58] Hurricane Harbor Maryland closed on September 6, 2025, and Six Flags America closed on November 2, 2025.[59][60] In late-May 2025, Six Flags announced plans to reduce 10% of its full-time employees, equating to approximately 500 employees.[61] The layoffs included eliminating the park president role at all of their 27 amusement parks as the company moved to a regional operating structure, completing these layoffs by June.[62]

Both initial post-merger executives would step down in the later half of 2025, with Six Flags announcing on August 6, 2025, that Zimmerman, president and CEO of the company, would step down.[63][64][65] Later, on October 10, 2025, it was announced that Bassoul, executive chairman, would step down by the end of 2025, but would stay to consult for the upcoming Six Flags Qiddiya City.[66]

John Reilly, a former executive atPalace Entertainment,Parques Reunidos, andSeaWorld Entertainment, assumed the president and CEO position effective December 8, 2025, replacing Zimmerman.[67]Marilyn Spiegel, who served as a board member since 2023 for both the former Six Flags company and current company, replaced Bassoul as anon-executive chair on January 1, 2026.[68]

Six Flags Qiddiya City opened on December 31, 2025.[69] The company announced on January 5, 2026, that it did not intend to acquire its remaining stake inSix Flags Over Texas, citing "the contractual terms do not currently align with [its] capital allocation priorities."[70]

Properties

[edit]
Map
About OpenStreetMaps
Maps: terms of use
1000km
621miles
Six Flags White Water
Six Flags White Water
Six Flags Hurricane Harbor Splashtown
Six Flags Hurricane Harbor Splashtown
Six Flags Hurricane Harbor Rockford
Six Flags Hurricane Harbor Rockford
Six Flags Hurricane Harbor Phoenix
Six Flags Hurricane Harbor Phoenix
Six Flags Hurricane Harbor Oklahoma City
Six Flags Hurricane Harbor Oklahoma City
Six Flags Hurricane Harbor Concord
Six Flags Hurricane Harbor Concord
Schlitterbahn New Braunfels
Schlitterbahn New Braunfels
Schlitterbahn Galveston
Schlitterbahn Galveston
Six Flags Fiesta Texas
Six Flags Fiesta Texas
Six Flags Hurricane Harbor Oaxtepec
Six Flags Mexico
Six Flags Mexico
Six Flags Darien Lake
Six Flags Darien Lake
Canada's Wonderland
Canada's Wonderland
Valleyfair
Valleyfair
Six Flags Great America / Hurricane Harbor Chicago
Six Flags Great America / Hurricane Harbor Chicago
California's Great America
California's Great America
Kings Dominion
Kings Dominion
Six Flags Great Adventure Resort: Six Flags Great Adventure / Hurricane Harbor New Jersey / Wild Safari
Six Flags Great Adventure Resort: Six Flags Great Adventure / Hurricane Harbor New Jersey / Wild Safari
Worlds of Fun
Worlds of Fun
Carowinds
Carowinds
Kings Island
Kings Island
Six Flags St. Louis
Six Flags St. Louis
Six Flags Magic Mountain / Hurricane Harbor Los Angeles
Six Flags Magic Mountain / Hurricane Harbor Los Angeles
Six Flags Discovery Kingdom
Six Flags Discovery Kingdom
Six Flags Over Georgia
Six Flags Over Georgia
La Ronde
La Ronde
Six Flags Over Texas / Hurricane Harbor Arlington
Six Flags Over Texas / Hurricane Harbor Arlington
Frontier City
Frontier City
Michigan's Adventure
Michigan's Adventure
Six Flags Great Escape
Six Flags Great Escape
Knott's Berry Farm / Knott's Soak City
Knott's Berry Farm / Knott's Soak City
Dorney Park
Dorney Park
Six Flags New England
Six Flags New England
Cedar Point Resort: Cedar Point / Cedar Point Shores
Cedar Point Resort: Cedar Point / Cedar Point Shores
Interactive map of all Six Flags parks located in North America.
Map
About OpenStreetMaps
Maps: terms of use
500km
311miles
Six Flags Qiddiya City
Six Flags Qiddiya City
Interactive map of Six Flags Qiddiya City in Saudi Arabia.

As of January 2026[update], Six Flags operates 42 properties: 27amusement parks and 15 separately gatedwater parks, with nine on-site resorts. The company fully owns 26 of these properties.[2]

United States
International

Amusement parks

[edit]

  Ex-Cedar Fair properties     Ex–Six Flags (1961–2024) properties

NameLocationYear openedNotes
California's Great AmericaSanta Clara, California1976Acquired by Cedar Fair following the2006 purchase of Paramount Parks. Land owned byPrologis; the park is planned to close no later than 2033 after the sale of its land in 2022.[71]
Canada's WonderlandVaughan,Ontario1981Acquired by Cedar Fair following the2006 purchase of Paramount Parks.
CarowindsCharlotte, North Carolina1973Acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Cedar PointSandusky, Ohio1870The oldest park in the company.
Dorney ParkAllentown, Pennsylvania1884Acquired by Cedar Fair in 1992.[72]
Frontier CityOklahoma City, Oklahoma1958Owned byEPR Properties; operations lease acquired by former Six Flags in 2018.
Kings DominionDoswell, Virginia1975Acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Kings IslandMason, Ohio1972Acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Knott's Berry FarmBuena Park, California1920Acquired by Cedar Fair from the Knott Family in 1997.[73]
La RondeMontréal,Quebec1967Owned by theCity of Montreal;emphyteutic lease purchased by former Six Flags in 2001.
Michigan's AdventureMuskegon, Michigan1956Acquired by Cedar Fair in 2001.
Six Flags Darien LakeDarien, New York1981Owned by EPR Properties; operations lease acquired by former Six Flags in 2018.
Six Flags Discovery KingdomVallejo, California1968Acquired by former Six Flags in 2007 from the city ofVallejo, California.
Six Flags Fiesta TexasSan Antonio,Texas1992Acquired byPremier Parks in 1998 fromUSAA.
Six Flags Great AdventureJackson, New Jersey1974Part of Six Flags Great Adventure Resort. Acquired by former Six Flags in 1977.
Six Flags Great AmericaGurnee, Illinois1976Acquired by former Six Flags from theMarriott Corporation in 1984.
Six Flags Great EscapeQueensbury, New York1954Acquired by former Six Flags in 1996.
Six Flags Magic MountainValencia, California1971Acquired by former Six Flags from theNewhall Land and Farming Company in 1979.[74]
Six Flags MéxicoMexico City, Mexico1982Land owned by theFederal District of Mexico City; leased by former Six Flags since 1999.[2][75]
Six Flags New EnglandAgawam, Massachusetts1870One of the two oldest parks in the chain. Acquired byPremier Parks in 1996.
Six Flags Over GeorgiaAustell, Georgia1967The park is majority owned by alimited partnership, managed and operated by Six Flags, of which they will take full ownership by January 2027.[2]
Six Flags Over TexasArlington, Texas1961The first theme park built by former Six Flags. The park is partly owned by alimited partnership and is majority-owned, managed, and operated by Six Flags.[2]
Six Flags Qiddiya CityQiddiya City,Saudi Arabia2025Owned by Qiddiya Investment Company; operated by Six Flags. It is the first theme park to open post-merger and the first Six Flags-branded park outsideNorth America since 2004.[57][56]
Six Flags St. LouisEureka, Missouri1971Formerly known as Six Flags Over Mid-America.
ValleyfairShakopee, Minnesota1976Acquired by Cedar Point in 1978, which led to the formation of Cedar Fair in 1983.[76]
Worlds of FunKansas City, Missouri1973Acquired by Cedar Fair in 1995.[77]

Water parks

[edit]

Most Six Flags water parks are organized into three water park brands:

  • Hurricane HarborCaribbean-themed water parks, either standalone or included with an amusement park
  • SchlitterbahnTexas-based water parks that operate as standalone properties
  • Soak City — Water park brand with admission typically included with an adjacent amusement park

Located in amusement parks

[edit]

The following water parks that are within an existing theme park are not counted as separate properties, and are instead considered part of its connected theme park.[78]

NameLocationYear openedAssociated theme parkNotes
Carolina HarborCharlotte, North Carolina1982CarowindsAcquired by Cedar Fair following the2006 purchase of Paramount Parks.
Six Flags Hurricane HarborQueensbury, New York1995Six Flags Great EscapeAcquired with the park byPremier Parks in 1996.
Six Flags Hurricane Harbor AtlantaAustell, Georgia2014Six Flags Over Georgia
Six Flags Hurricane Harbor St. LouisEureka, Missouri1999Six Flags St. Louis
Six Flags Hurricane Harbor Darien LakeDarien, New York1990Six Flags Darien LakeOwned by EPR Properties; operations leased purchased by former Six Flags in 2018.
Six Flags Hurricane Harbor New EnglandAgawam, Massachusetts1997Six Flags New England
Six Flags Hurricane Harbor San AntonioSan Antonio, Texas1992Six Flags Fiesta Texas
Oceans of FunKansas City, Missouri1982Worlds of FunIt was acquired by Cedar Fair in 1995.[79]
Soak CityDoswell, Virginia1992Kings DominionIt was acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Soak CityMason, Ohio1989Kings IslandIt was acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Soak CityShakopee, Minnesota1983Valleyfair
South Bay ShoresSanta Clara, California2004California's Great AmericaIt was acquired by Cedar Fair following the2006 purchase of Paramount Parks.
Splash WorksVaughan,Ontario1992Canada's WonderlandAcquired by Cedar Fair following the2006 purchase of Paramount Parks.
WildWater AdventureMuskegon, Michigan1991Michigan's AdventureAcquired by Cedar Fair alongside the park in 2001.
Wildwater KingdomAllentown, Pennsylvania1985Dorney ParkAcquired by Cedar Fair in 1992.[72]
Wild West Water WorksOklahoma City, Oklahoma2017Frontier CityAcquired by former Six Flags alongside Frontier City. Owned by EPR Properties; operated by Six Flags.

Standalone gate or property

[edit]

The following water parks that are a standalone admission or property are counted as a separate park by Six Flags, and is included in their overall water park count.[78]

NameLocationYear openedNotes
Cedar Point ShoresSandusky, Ohio1988Located adjacent to Cedar Point.
Knott's Soak CityBuena Park, California2000Located adjacent to Knott's Berry Farm.
Schlitterbahn GalvestonGalveston, Texas2006Land owned byGalveston, Texas; purchased byCedar Fair in 2019 from the Henry family.[2]
Schlitterbahn New BraunfelsNew Braunfels, Texas1979Purchased by Cedar Fair in 2019 from the Henry family.
Six Flags Hurricane Harbor ArlingtonArlington, Texas1983Acquired fromWet 'n Wild. Located acrossInterstate 30 from Six Flags Over Texas.
Six Flags Hurricane Harbor ConcordConcord, California1995Owned byEPR Properties; operations lease purchased by former Six Flags in 2017.[80] It is located about 15 miles from Six Flags Discovery Kingdom.
Six Flags Hurricane Harbor ChicagoGurnee, Illinois2005Located adjacent to Six Flags Great America.
Six Flags Hurricane Harbor Los AngelesValencia, California1995Located adjacent to Six Flags Magic Mountain.
Six Flags Hurricane Harbor New JerseyJackson, New Jersey2000Located in theSix Flags Great Adventure Resort.
Six Flags Hurricane Harbor OaxtepecOaxtepec, Mexico2017Land owned by theMexican Social Security Institute; purchased by former Six Flags in 2017.[2]
Six Flags Hurricane Harbor Oklahoma CityOklahoma City, Oklahoma1981Located about 15 miles from Frontier City. Owned by EPR Properties; operated by Six Flags.
Six Flags Hurricane Harbor PhoenixPhoenix, Arizona2009Owned by EPR Properties; operated by Six Flags.
Six Flags Hurricane Harbor RockfordCherry Valley, Illinois1984Owned by theRockford Park District; operated by Six Flags under a ten-year lease agreement beginning April 1, 2019.
Six Flags Hurricane Harbor SplashtownSpring, Texas1984Owned by EPR Properties; operations lease purchased by former Six Flags in 2017.
Six Flags White WaterMarietta, Georgia1983Located about 15 miles from Six Flags Over Georgia. Owned under the same limited partnership as its sister park but operated by Six Flags. Six Flags will take on full ownership of the park beginning in 2027.[81]

Resorts

[edit]
NameLocationYear openedNotes
Castaway BaySandusky, Ohio2004Located withinCedar Point Resorts, containing an indoor water park.
Cedar Point Express HotelSandusky, Ohio2017Located withinCedar Point Resorts.
Hotel BreakersSandusky, Ohio1905Located withinCedar Point Resorts.
Knott's HotelBuena Park, California1968Located nearKnott's Berry Farm.
Sawmill Creek ResortHuron, Ohio1972Located withinCedar Point Resorts, eight miles from the park.
Six Flags Darien Lake Hotel & CampgroundDarien, New York1954Located across fromSix Flags Darien Lake, containing a hotel named Lodge on the Lake, a campground with cabins, guest houses, and rentable RVs; Darien Square, andDarien Lake Performing Arts Center.
Six Flags Great Escape LodgeQueensbury, New York2006Located across fromSix Flags Great Escape, containing the White Water Bay Waterpark.
Six Flags Savannah Sunset Resort & SpaJackson, New Jersey2024Located within theSix Flags Great Adventure Resort.
The Resorts at Schlitterbahn New BraunfelsNew Braunfels, Texas1979Located withinSchlitterbahn New Braunfels.

Other properties

[edit]
NameLocationYear openedTypeNotes
Cedar Point Sports CenterSandusky, Ohio2019Sports complexPart ofCedar Point's overall complex.[2] Owned by Six Flags; operated by Sports Facilities Management.[82][83]
Six Flags Wild Safari AdventureJackson, New Jersey1974Safari parkLocated in theSix Flags Great Adventure Resort.[d]

Former properties

[edit]
NameLocationYear openedYear closed/soldNotes
Six Flags AmericaWoodmore, Maryland19742025Acquired by theTierco Group in 1992. The park closed on November 2, 2025.[84]
Six Flags Hurricane Harbor MarylandWoodmore, Maryland19822025Located within the grounds ofSix Flags America; acquired by theTierco Group in 1992.[85] The park closed on September 6, 2025.[86][87][88]

Leadership

[edit]

Board of directors

[edit]

As of January 3, 2026[update], the current Six Flagsboard of directors are:[89]

Executives

[edit]

With the exception of John Reilly, all current executives previously held their roles atCedar Fair prior to the 2024 merger. As of January 3, 2026[update], the current Six Flagsexecutive team consists of:[90]

Ownership

[edit]

As of September 30, 2025[update], the ten largest shareholders are:[91]

ShareholderSharesin %
BlackRock15,051,70014.83%
The Vanguard Group10,067,7599.92%
Darlington Partners Capital Management8,700,0008.57%
Morgan Stanley5,844,0875.76%
Sachem Head Capital Management5,030,0004.96%
Dendur Capital4,663,5004.60%
H Partners Management4,650,0004.58%
Jana Partners4,049,9403.99%
State Street Corporation3,516,4113.47%
Edgepoint Investment Group3,114,6003.07%

Finances

[edit]

Throughout the post-merger process in 2025, Six Flags reported financial losses; in the Q2 of 2025, the company attributed their net loss of US$100 million to poor weather.[92] Following the release of these results,S&P Global Ratings downgraded the issuer credit rating of Six Flags from "BB" to "BB-."[93] In the Q3 of 2025, the company recorded animpairment charge of US$1.5 billion, which dropped the value of the company's overall assets from US$9.5 billion (Q2 of 2025) to US$7.9 billion. As a result of the impairment charge, the company reported a net loss of US$1.2 billion for the Q3 of 2025.[94]

Financials in billions (US$)
YearRevenueNet incomeTotal assetsEmployees
20242.71−0.2319.1398,000

Marketing and licensing

[edit]

Marketing efforts

[edit]

In April 2025, Six Flags launched their first post-merger national brand campaign "We're Serious About Fun." The new ad campaign introduces a new mascot character, the Funsultant, known fordeadpan delivery. It was developed by the creative agencyThe Marketing Arm (TMA), and was launched fortelevision,digital,out-of-home,social media andemail.[95]

Licensing and partnerships

[edit]

Six Flags currently holds theme park rights to twointellectual properties:Warner Bros. andPeanuts. The company's agreement with Warner Bros. grants access to useLooney Tunes andDC Comics properties at their theme parks in North America, with the exception of theLas Vegas metropolitan area andFlorida.[2] ThePeanuts intellectual properties are licensed for use in the United States and Canada at select legacyCedar Fair parks only;[c] Six Flags renewed their licensing agreement with Peanuts Worldwide through 2030.[96]

Other in-park partnerships include food vendors such asBlue Bunny Ice Cream,Coca-Cola,Frito-Lay,The Icee Company, andMars Inc.[97][98] Six Flags maintains multiple partnerships withon-ride photo vendors, with Pomvom operating at legacy Six Flags parks,[99] Colorvision International at most legacy Cedar Fair parks,[100] and Kaman's Art Shoppes atDorney Park,Michigan's Adventure, andValleyfair.[101] The company's technology provider isAccesso, utilizing the Accesso Passport ticketing suite fore-commerce.[102]

Fast Lane

[edit]
Main article:Fast Lane (Six Flags)
Standard andFast Lane queue lines forBlue Streak atCedar Point.

Fast Lane is an expedited queue system in use at Six Flags parks. For an increased cost, visitors get a wrist band which gives them the ability to wait in a shorter queue for most attractions. There is also Fright Lane, which is Fast Lane for the haunted attractions during the Halloween events.[103]

Originally aCedar Fair product, it was first announced for Kings Island on July 18, 2011, before it was rolled out to all Cedar Fair parks for the 2012 season.[104][105] Following the 2024 merger, all legacy Six Flags parks transitioned to Cedar Fair's Fast Lane system in January 2026, replacing the virtual queuing system The Flash Pass.[106]

See also

[edit]

Notes

[edit]
  1. ^Reflects total outstanding passholders as of August 3, 2025.[1]
  2. ^Employee count includes 93,000 seasonal/part-time employees and 5,000 full-time employees.
  3. ^abThe legacyCedar Fair parks that usePeanuts characters include:California's Great America,Canada's Wonderland,Carowinds,Cedar Point,Dorney Park,Kings Dominion,Kings Island,Knott's Berry Farm,Michigan's Adventure,Valleyfair, andWorlds of Fun.[3]
  4. ^Counted as a separate amusement park.
  5. ^abcPreviously director at theformer Six Flags company prior to 2024 merger
  6. ^Previously held position atCedar Fair prior to 2024 merger

References

[edit]
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