Welcome to Western Sydney Business Access

 fb tw yt in 

Wet n Wild is now Raging Waters under new ownerhsip. Wet n Wild is now Raging Waters under new ownerhsip. Featured
31 August 2019 Posted by 

WET N WILD NOW RAGING WATERS

New owners predict "great season"
RED DWYER
ONE of the world's leading attractions operators has renamed the former financially stressed Wet'n'Wild Sydney waterpark, at Prospect, in readiness for a “great” the summer season.
Parques Reunidos hopes to bring this about with the installation of the “first-of-its-kind” 206-metre waterslide giving speeds up to 25 kilometres an hour from November.
 
The company, a Spanish visitor attractions group making its first foray into the Australian market, has rebranded the waterpark as Raging Waters Sydney.
 
The theme park group purchased the waterpark from Village Roadshow for the “knockdown price” of $40M last year,
Village Roadshow, which reportedly invested $125-130M in building the water park when it opened in 2013, decided to off-load it as an underperforming asset.
 
SBS News reported that Wild’n’Wet Sydney’s earnings had dropped 66 per cent to $3.1M in the year to June 30, 1917, from $9M in the preceding year due to a fall in season pass sales and attendance levels.
 
“Parques will be able to add value and enhance Wet‘n’Wild Sydney’s performance over the coming years,” a Village spokesperson said on the sale last year.
 
The Spanish group has installed a new management team, and introduced new features including Whirlwind the “first-of-its-kind” 206-metre waterslide and other facilities.
 
Whirlwind, manufactured and supplied by global company, WhiteWater, enables visitors to experience travelling up to 25 kilometres per hour down the water slide when it opens in November.
 
“We are committed to investing in the future of the park through new attractions, infrastructure and services,” said Jose Diaz, CEO, of Parques Reunidos.
 
“We are looking forward to a great season,” said Tony Brancazio, general manager, of Raging Waters Sydney.
 
Parques Reunidos, is one of the world's leading attractions operators, owning and managing over 60 attractions in 15 countries including theme parks, waterparks, animal parks and family entertainment centres.


editor

Publisher and editor, Michael Walls.
Mobile: 0407 783 413
Email: info@wsba.com.au
Mail: PO Box 186, Kurrajong NSW 2758
Office phone: 61 2 4572 2336

Western Sydney Business Access (WSBA) covers the business and community issues of the Greater Western Sydney region of Australia. WSBA is the popular media source for connecting with the pulse of the region and tapping into it's vast opportunities and networks.