March 21, 2016 04:30 PM Eastern Daylight Time
GRAND PRAIRIE, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE:SIX), the world's largest regional theme park company, today announced a new strategic partnership with NaVi Entertainment, a private company based in Ho Chi Minh City, Vietnam, to build a theme park and a water park in Vietnam using the Six Flags and Six Flags Hurricane Harbor brand names, respectively. Both are expected to open in the next three to four years.
“Our international licensing strategy is gaining momentum and provides strong long-term upside for the company above and beyond the growth opportunity of our North America properties”
"Our international licensing strategy is gaining momentum and provides strong long-term upside for the company above and beyond the growth opportunity of our North America properties,” said John Duffey, president and CEO of Six Flags Entertainment.
“We are excited to announce our third international licensing partnership and are honored to work with the highly-qualified team at NaVi Entertainment as we continue expanding the Six Flags brand globally,” said John Odum, president of Six Flags International Development Co.
"We are delighted to bring the Six Flags brand to Vietnam through the development of these two parks, and confident we can offer guests unique and thrilling experiences like no other in the country,” said Tin Nguyen, Chairman of NaVi Entertainment.
Terms of the arrangement were not disclosed.
