Wild Waves Closure Washington Sinks Six Flags Shares as Seattle Water Park Shuts Doors Indefinitely
SEATTLE (Business Impact Report) - Six Flags Entertainment Corporation shares dropped 4% in pre-market trading today after the sudden announcement that Wild Waves Theme Park, its last operating property in Washington state, will close immediately due to a catastrophic failure in its primary water filtration system. The closure strands 1.2 million annual visitors and eliminates 350 seasonal jobs. The lost revenue from the state's largest water park is estimated at $12 million per season, with no reopening timeline. Ceo Selim Bassoul is under immediate pressure to absorb the loss or offload the 40-acre property.