The parent company of Knott's Berry Farm and Six Flags Magic Mountain is exploring the potential sale or closure of some parks, following its merger with Cedar Fair.
Six Flags has highlighted Portfolio Optimization as a key objective post-merger, planning a comprehensive review to possibly divest non-core assets to reduce leverage.
The merger of Six Flags and Cedar Fair allows the combined company to maintain Magic Mountain and Knott's to compete more effectively in Southern California.
With 27 amusement parks and 15 water parks attracting 48 million visitors, Six Flags is reconsidering its portfolio structure to enhance operational efficiency.
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