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Dreamworld May Be Broken Up And Sold

Ardent Leisure released a statement on Wednesday suggesting it is looking at breaking up the Dreamworld site to "unlock the value of its prime theme park real estate".

In February, Ardent reported a full-years loss of revenue, after last year's fatal accident at the park and have appointed a town planner to examine the feasibility of rezoning parts of the site for alternative uses as a means of salvaging the parks future.

"Dreamworld is located on prime real estate adjacent to the new Coomera town centre and core infrastructure."

"Ardent has, and will continue to, engage with third-party developers to discuss potential development opportunities and timing for any redevelopment within the precinct."

Ardent Leisure is yet to disclose what this potential plan could mean for the park and Gold Coast tourism, but added that it is committed to ensuring that Dreamworld remains a key attraction.

The combined visitor numbers for March and April were down 36.7 per cent, and revenue was 38.9 per cent lower, reflecting the impact of last year's four deaths as well as Cyclone Debbie in March.

AAP

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