Parques Reunidos Sucks Customer Reviews and Feedback

From Everything.Sucks

Parques Reunidos is an international entertainment operator based in Madrid, Spain. The group operates over 60 parks in almost a dozen countries. Parques Reunidos operates theme and amusement parks, zoos, water parks, family entertainment centers, and cable cars. These facilities are located in Spain, Belgium, Norway, Denmark, Germany, France, Italy, the United Kingdom, Argentina, Australia and the United States. Through acquisitions of established names such as Kennywood Entertainment Company, Dutch Wonderland and Palace Entertainment, Parques Reunidos greatly expanded its presence in American amusement operations beginning in 2007 through today. Annual visitors to the group's attractions exceed 22 million, with revenue exceeding $570 million (USD). In 2008 it had the fifth-highest attendance figures for worldwide chains with 24.9 million, ahead of Seaworld Parks & Entertainment and Cedar Fair.

The amusement park operator Parques Reunidos lost 73.2 million euros in the first nine months of the year, compared to the profit of 43.4 million registered in the same period of 2018, the company reported today to the National Market Commission of Securities (CNMV).

This evolution is due, according to the company, to the increase in non-recurring expenses, mainly due to the restructuring of the businesses of the interior leisure centres, and to the deterioration of the goodwill, basically due to the Marineland park (France).

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