Ardent sale to help boost theme parks

Ardent sale to help boost theme parks

DREAMWORLD operator Ardent Leisure has announced the sale of its bowling and entertainment businesses, saying the deal will help support its theme park division.

The company said today it had entered into a binding agreement to sell the bowling and entertainment assets for $160 million to The Entertainment and Education Group (TEEG), the owners of the Timezone Group.

Ardent chairman Gary Weiss said the deal relieved the company of the need to further invest in the businesses, allowing it to continue the “reinvigoration” of its theme parks.

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Source: traveldaily