Cedar Fair, L.P.

From Wikipedia, the free encyclopedia

Cedar Fair, L.P.
Cedar Fair, L.P. Logo
Type of Company Public (NYSE: FUN)
Founded 1983
Headquarters Sandusky, Ohio, United States
Key people Richard L. Kinzel,
Chairman & CEO
Jacob T. Falfas , COO
Industry Amusement/Theme Parks
Revenue $568.7 million (net) USD (2005)
Operating income $13.84 million USD (2005)
Employees 1,300 (2005) (excluding seasonal)
Website www.cedarfair.com

Cedar Fair, L.P. (NYSE: FUN) is a publicly-traded company based in Sandusky, Ohio, USA that owns and operates amusement parks in North America. Cedar Fair now owns 12 major amusement parks, 11 operating in the United States, with one operating in Canada. They also manage the unique attraction, Star Trek: The Experience, in Las Vegas, Nevada, along with a small theme park, Bonfante Gardens, much like they once held the managing contract for the former Camp Snoopy at the Mall of America. Readers of Amusement Today, a trade newspaper, have voted Cedar Fair's flagship park, Cedar Point, as The Best Amusement Park In The World for 9 consecutive years.[1] Based on stock value, Cedar Fair is the most successful amusement park chain behind Disney.

Contents

[edit] Properties

[edit] Amusement Parks

Logos of selected Cedar Fair properties.
Enlarge
Logos of selected Cedar Fair properties.

[edit] Water Parks

The following parks are included in the admission price of the listed amusement park:

The following parks are either standalone properties or require separate admission:

[edit] Other

[edit] Former

[edit] Trivia

  • Cedar Fair's name is constructed from the names of its first two parks, Cedar Point and Valleyfair. It was formed in 1975 as an operating partnership between Cedar Point and the then one-year-old Valleyfair.
  • Cedar Fair's current President and CEO is Richard Kinzel
  • The purchase of Paramount Parks was announced on May 22, 2006,[2], and concluded with a cash transaction valued at $1.24 billion (USD) on June 30, 2006 [3] (Cedar Fair did receive both Paramount movie/TV licenses (expires in 10 years) as well as Nickelodeon licenses (expires in 4 years)[4]
  • The Geauga Lake (former Six Flags Worlds of Adventure) purchase was valued at $145 million (USD) [5]
  • Dorney Park, added to the Cedar Fair family on 7/22/1992, was purchased for $48 million.
  • Cedar Fair operates 4 amusement parks that attract over 3 million visitors a year: Knott's Berry Farm, Kings Island, Canada's Wonderland, and the company's flagship park, Cedar Point.

[edit] News

  • Cedar Fair puts an end to Winterfest at Kings Island due to poor turnout [6]
  • Cedar Fair puts an end to Winterfest at Carowinds as well [7]
  • Cedar Fair year earnings (through July 31) total (Paramount Park earnings included): $428.2 million [8]
  • Cedar Fair second quarter net earnings: $145.4 million [9]
  • Cedar Fair's second quarter net earnings down 9.8% from 2005, with overall earnings down 2%. Cedar Fair blames excessive rain throughout the northeast for the problem as it kept visitors away from Dorney Park, Cedar Point, and Geauga Lake throughout the month of June. [10]
  • Cedar Fair executives travel to the Paramount Parks setting up plans for renovation as well as layoffs. [11]
  • Cedar Fair parks proudly earns 18 major Golden Ticket Awards for roller coasters and amusement park operation. [12]
Logos of selected Cedar Fair properties.
Enlarge
Logos of selected Cedar Fair properties.
  • Most Cedar Fair parks now offer Cedar Fair Maxx Passes (2007 Season Passes) valid for all Cedar Fair parks.


[edit] External links


[edit] Cedar Fair Park Sites

Retrieved from "http://en.wikipedia.org../../../c/e/d/Cedar_Fair%2C_L.P._7e3c.html"