Six Flags to Invest RM1.5bil Malaysia Theme Park?

Users viewing this topic: No registered users and 1 guest
Discuss theme parks, roller coasters, and mules!
Macaroni and Donkey
 
Posts: 56
Joined: 25 Mar 2012
Location: kuala lumpur
Gender: Male
Age: 30

Six Flags to Invest RM1.5bil Malaysia Theme Park?

Postby afiqnadzir » Tue Jan 08, 2013 6:05 pm


US Six Flags to invest RM1.5bil in Iskandar theme park after legoland

NUSAJAYA: US-based theme park operator Six Flags Entertainment Corp is planning to invest between RM1.2bil and RM1.5bil to set up a theme park in Iskandar Malaysia.

Sources told StarBiz that the theme park, which will be double the size of Legoland Malaysia and the company's first theme park in Asia, would offer more than 40 rides.

According to Wikipedia, Six Flags Entertainment is the world's largest amusement park corporation based on quantity of properties and the fifth most popular in terms of attendance.

The company maintains 19 properties throughout North America consisting of theme parks, thrills parks, water theme parks and family entertainment centres.

Iskandar Invesment Bhd (IIB) president and chief executive officer Datuk Syed Mohamed Syed Ibrahim, who spoke about Iskander Malaysia getting a theme park, which will be third in Iskandar Malaysia, said an announcement would be made by an investor within the next six months on the matter.

The other two theme parks are Legoland Malaysia and Puteri Harbour Family Theme Park.

“The new theme park caters to young adults unlike the existing two parks which are for children,'' he told reporters yesterday after the ground-breaking ceremony of the RM250mil Raffles American School campus on an 18.21ha site at EduCity, offering pre-kindergarten to 12th grade education.

He declined to give more details when asked on the new theme park and its attractions, including whether it would be a water-theme park.

Syed Mohamed said the opening of Legoland Malaysia and Puteri Harbour Theme Park last year had created a new level of confidence among domestic and foreign investors that Iskandar Malaysia was moving in the right direction.

“Different theme parks cater to different segments of visitors and this will be better than just having one park in our development,'' he added.

The US$200mil Legoland Malaysia on a 23ha site, which is a joint venture between Merlin Entertainment Groups and IIB, is the first Legoland park in Asia.

Other Legoland theme parks across the world are situated in Denmark, the UK, Germany and in Florida and California.
Last edited by robbalvey on Wed Jan 09, 2013 11:18 am.

Why do I still have a donkey title???
User avatar
 
Posts: 2873
Joined: 13 Oct 2006
Location: Elgin, IL
Gender: Male

Re: Legoland Malaysia Discussion Thread

Postby Airtime&Gravity » Tue Jan 08, 2013 6:27 pm

Well, that's a surprise. With an investment of nearly $500,000,000USD, and 40 rides, this will be a really impressive park. Is the park being built by a company that will pay Six Flags for the name and IP?

Do Legoland's guests, and the future Six Flags, mainly come from Malaysia, Singapore, or other nations in the region? The park(s) are by Johor Bahru, but, despite being a sizable city, it seems like the market is now getting a little over saturated, even with Singapore right next door. Also, is there easy access to other cities in the region like Kuala Lumpur?

Obsessive Overlord of the TPR Park Index
 
Posts: 18071
Joined: 17 Aug 2005
Location: Staten Island, New York
Gender: Male
Age: 52

Re: Legoland Malaysia Discussion Thread

Postby larrygator » Tue Jan 08, 2013 6:40 pm

Airtime&Gravity wrote:Well, that's a surprise. With an investment of nearly $500,000,000USD, and 40 rides, this will be a really impressive park. Is the park being built by a company that will pay Six Flags for the name and IP?

Do Legoland's guests, and the future Six Flags, mainly come from Malaysia, Singapore, or other nations in the region? The park(s) are by Johor Bahru, but, despite being a sizable city, it seems like the market is now getting a little over saturated, even with Singapore right next door. Also, is there easy access to other cities in the region like Kuala Lumpur?


If the current visitors to Legoland are from the Iskandar region, I would not be concerned about oversaturation as no other park serves the teen/thrill seeker market in the Iskandar region. As the current Legoland visitors grow up they will be prime customers for the larger rides that Legoland won't provide.

Excuse my ignorance, but is it easy to cross the Malyasia/Singapore border for locals. I know Universal is in Singapore but can Malaysians easily get there.
Last edited by larrygator on Tue Jan 08, 2013 7:38 pm.
As usual, my analysis is free of charge!
Original enough to not steal someone else's quote as a signature

Image
Image

I love donkeys more than me.
User avatar
 
Posts: 1778
Joined: 24 Mar 2011
Location: ATL
Gender: Male
Age: 23

Re: Legoland Malaysia Discussion Thread

Postby simaticable » Tue Jan 08, 2013 6:46 pm

Six Flags once again expanding into the global market? :?r Hopefully, Six Flags decides to wait for a couple of years to gain anymore parks if they decide to once again expand into more international waters.
Image
Schwarzkopf was a genius; anything less makes you a moron. ;)

I love donkeys more than me.
User avatar
 
Posts: 1797
Joined: 28 Aug 2012
Location: Melbourne, Australia
Gender: Male
Age: 33

Re: Legoland Malaysia Discussion Thread

Postby azza29 » Tue Jan 08, 2013 7:27 pm

Airtime&Gravity wrote:Do Legoland's guests, and the future Six Flags, mainly come from Malaysia, Singapore, or other nations in the region? The park(s) are by Johor Bahru, but, despite being a sizable city, it seems like the market is now getting a little over saturated, even with Singapore right next door.


Singapore gets lots of visitors from the region as it's the major airport hub in southeast Asia, and it's fairly common for tourists flying to Europe (and vice versa) to have a day or two stopover in Singapore. On top of this there is a fairly sizeable population in the immediate area to begin with (around 6-7 million) so should be plenty of customers for all parks.

Anyway I'm excited for this. Soon it will be only 8 hours flight to my nearest Six Flags, instead of 14! ;)
Image

Site Admin
User avatar
 
Posts: 33957
Joined: 01 Feb 2005
Location: Swimming in the Ocean
Gender: Female
Age: 38

Re: Legoland Malaysia Discussion Thread

Postby SharkTums » Wed Jan 09, 2013 7:26 am

This Six Flags thing seems really odd. Are there any other stories or sources on it?

And they're pretty much building these parks right across the border from Singapore because it's much cheaper and there's tons more available land. I imagine they're trying very hard to pull in residents and visitors to Singapore rather than locals.

Larry, crossing the border is very similar to the border crossing in Buffalo, NY over to Canada.

Why do I still have a donkey title???
User avatar
 
Posts: 2873
Joined: 13 Oct 2006
Location: Elgin, IL
Gender: Male

Re: Legoland Malaysia Discussion Thread

Postby Airtime&Gravity » Wed Jan 09, 2013 7:44 am

Several sources are now appearing to back up the news on the Six Flags park:

Here
Here
or Here

My comment on market over saturation was due to there being Universal Studios, Legoland, the other park mentioned, and now Six Flags. I just assumed people would go to Universal for thrills and that the Asian park market operated differently from that in the US. I guess I'm just surprised another park is being built in the area when Southeast Asia is an open market. I would have guessed seeing a new major park open in Jakarta or Manilla before another one in Johor.

Now, by "thrill park", should be expect Six Flags Magic Mountain or Six Flags Great America?

Site Admin
User avatar
 
Posts: 33957
Joined: 01 Feb 2005
Location: Swimming in the Ocean
Gender: Female
Age: 38

Re: Six Flags to Invest RM1.5bil Malaysia Theme Park?

Postby SharkTums » Wed Jan 09, 2013 7:49 am

^Let's hope for SFGAm!

Why do I still have a donkey title???
User avatar
 
Posts: 2824
Joined: 19 Feb 2009
Location: Tempesto
Gender: Male

Re: Six Flags to Invest RM1.5bil Malaysia Theme Park?

Postby netdvn » Wed Jan 09, 2013 7:55 am

Anyone wanna place bets on whether or not SF Malaysia opens before SF Dubai and SF Kenya break ground?
Artwork - Facebook - Flickr - DeviantART - Instagram -Geauga Lake Reborn! M&M's World - Don't look back as you brave the Black Forest BGW/KD Crowd Calendar

Site Admin
User avatar
 
Posts: 33957
Joined: 01 Feb 2005
Location: Swimming in the Ocean
Gender: Female
Age: 38

Re: Six Flags to Invest RM1.5bil Malaysia Theme Park?

Postby SharkTums » Wed Jan 09, 2013 8:10 am

^LOL! I had forgotten about that Six Flags Africa article!!!!

Next

Return to Theme Parks, Roller Coasters, & Donkeys!

Who is online

Users viewing this topic: No registered users and 1 guest

These pages are in no way affiliated with nor endorsed by SeaWorld Parks & Entertainment, Cedar Fair, Legoland, Merlin Entertainment,
Blackstone, Tussaud's Group, Six Flags, Universal Theme Parks, the Walt Disney Company or any other theme park company.

All onride photos and videos on this website were taken with the permission of the park by a professional ride photographer.
For yours  and others safety, please do not attempt to take photos or videos at parks without proper permission.

Disclaimer!  You need a sense of humor to view our site, 
if you don't have a sense of humor, or are easily offended, please turn back now!
Most of the content on this forum is suitable for all ages. HOWEVER!
There may be some content that would be considered rated "PG-13."
Theme Park Review is NOT recommended for ages under 13 years of age.

cron