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Six Flags

Headquarters: 1540 Broadway, 15th floor
New York, NY 10036
Employees: 2,500 full-time with 30,000-40,000 seasonal employees
CEO: Mark Shapiro
Website: http://www.sixflags.com

Stock Symbol: SIX

Career Site

Six Flags, Inc. is the world's largest regional theme park company with 21 theme parks in North America made up of theme, water and zoological parks.

Six Flags has licensing deals with DC Comics and Warner Bros. to feature cartoon characters at its parks including Bugs Bunny, Daffy Duck, Sylvester, Superman, Batman, Robin, Green Lantern, Wonder Woman and The Flash.

The company has been unprofitable over the past few years and has seen attendance drop at its parks. The company sold seven of its parks earlier this year to Parc 7F-Operations Corporation ("PARC") of Jacksonville, FL for $312 million, consisting of $275 million in cash and a note receivable for $37 million.

The seven parks sold were: Six Flags Darien Lake in Buffalo, NY; Six Flags Elitch Gardens in Denver, CO; Frontier City and the White Water Bay water park in Oklahoma City, OK; SplashTown in Houston, TX; Waterworld USA in Concord, CA; and Wild Waves and Enchanted Village in Seattle, WA.

In 2006, Six Flags had revenues of $945.7 million and a net loss of $305.6 million. Results do not include parks that were sold. Attendance at company parks for the year was 24.8 million, down 13% from 28.7 million in 2005.

The company relocated its corporate headquarters from Oklahoma City to New York in 2006.

History

Six Flags was founded by Texas oil barren Angus Wynne, the father of the modern-day theme park. Mr. Wynne set out to create a destination that would capture the excitement and wonder of the imagination. With Angus' vision and the support of the Texas community, Six Flags Over Texas opened in 1961.

The first Six Flags park took its name from the six countries whose flags had flown over Texas throughout the state's history.

Six Flags Over Texas featured six sections reflecting the spirited cultures of those nations -- and offered guests a vibrant experience straight out of their dreams.

Mr. Wynne envisioned theme parks of a grand scale -- bigger than Disneyland -- located in different regions across the country, making them convenient and affordable to families everywhere.

Six Flags Over Texas was the world's first "pay-one-price" theme park. In 1961, Six Flags Over Texas introduced the one-price admission at $2.95 including tax. This type of pricing was a revolutionary concept at the time. Soon after, parks around the country were following Six Flags Over Texas in implementing a one-price admission.

Benefits

Depending on the Six Flags park, you'll get these benefits:
 
Discounts at in-park stores
Free park tickets
Site-seeing trips
Employee parties
Flexible work schedule

Updated May 25, 2007

 

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