34 Facts About Six Flags

Six Flags Entertainment Corporation is an American amusement park corporation, headquartered in Arlington, Texas.

Six Flags owns the most theme parks and waterparks combined of any amusement-park company and has the seventh highest attendance in the world.

Six Flags operates 27 properties throughout North America, including theme parks, amusement parks, water parks, and a family entertainment center.

Six Flags was founded in the 1960s and derived its name from its first property, Six Flags Over Texas.

Six Flags maintains a corporate office in Midtown Manhattan, and headquarters in Arlington, Texas.

Related searches

Name "Six Flags" originally referred to the flags of the six different nations that have governed Texas: Spain, France, Mexico, the Republic of Texas, the United States of America, and the Confederate States of America.

Six Flags parks are still divided into different themed sections, although many of the original areas from the first three parks have been replaced.

Six Flags purchased AstroWorld in Houston, Texas, in 1975; Great Adventure in Jackson, New Jersey, in 1977; and Magic Mountain in Valencia, California, in 1979.

In 1996, Six Flags began to manage Fiesta Texas theme park in San Antonio, Texas, with a ten-year option to buy, and purchased the park from USAA in 1998.

Six Flags purchased the Frontier City theme park in Oklahoma City in 1982 for $1.

Six Flags realized the key to boosting a park's attendance was to add new and exciting rides and make it family-friendly.

Six Flags planned to use the money to expand its ten parks and acquire others.

In May 2001, Six Flags negotiated with the city of Montreal to operate La Ronde in Montreal, Quebec, Canada.

Six Flags acquired the assets of the park and has a long-term contract to lease the land from the city.

In 2002, Six Flags acquired New Orleans' Jazzland amusement park from Alfa Smartparks for $22 million.

In 2004, Six Flags began to close and sell properties in an effort to help alleviate the company's growing debt.

Six Flags cited issues such as the park's performance, and parking issues involving the Houston Texans football team, Reliant Stadium, and the Houston Livestock Show and Rodeo, leveraged with the estimated value of the property which included the park.

Six Flags then named former Representative Jack Kemp, entertainment mogul Harvey Weinstein and Michael Kassan, the former president of the Interpublic Group of Companies Incorporated, to their newly revamped board of directors.

On January 27, Six Flags announced the sale of Frontier City and White Water Bay after the 2006 operating season.

In October 2008, Six Flags was warned its stock value had fallen below the required minimums to remain listed on the New York Stock Exchange.

Six Flags stated at the time that it expected business to continue as normal in the event of such a filing, although one analyst believed attendance at the company's parks would decrease by six percent, suggesting parents would be leery of letting their children ride a roller coaster operated by a bankrupt company.

Six Flags had asked to forgo rent payments for the remaining nine years of its current lease agreement in exchange for profit-sharing from the park's operations.

When it appeared that the offer had been rejected, Six Flags announced in February 2010 that it would not re-open the park.

Six Flags officially emerged from bankruptcy protection as Six Flags Entertainment Corp.

Six Flags announced that several corporate positions as well as the corporate headquarters would be relocated from New York City to Grand Prairie, Texas.

Related searches

Six Flags kept a portion of the Midtown Manhattan office and currently maintains a presence in New York City at that same location.

Sources said that Cedar Fair was considering Six Flags' cash-and-stock offer, but there was no certainty that a deal would be reached.

In January 2020, Six Flags finalized plans to move its corporate headquarters to the Centerfield Office Building at Globe Life Park in Arlington, Texas.

The offices were remodeled over the summer and Six Flags personnel moved in during the last few months of the year.

Six Flags has licensed its name and its theme park creations to other companies, who have used these assets to create licensed products.

Six Flags has approximately 24 known current and past partners.

In June 2008, Six Flags leased the park to Zuma Holdings, who then separated the park from White Water.

Six Flags sold off the property in 1989 and was renamed to "Atlantis the Water Kingdom" by the new owners.

In February 2010, Six Flags announced it would close the park due to a dispute with the Kentucky State Fair Board, from which Six Flags leased much of the park's land area and attractions.