Dorney parent soars with record earnings

By - Last modified: November 8, 2013 at 12:04 PM

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File photo: Dorney Park and Wildwater Kingdom near Allentown.
File photo: Dorney Park and Wildwater Kingdom near Allentown.

Cedar Fair Entertainment Co., the parent company of Dorney Park and Wildwater Kingdom near Allentown, recorded a standout third quarter in revenue.

Based in Sandusky, Ohio, Cedar Fair reported a record $592.1 million in revenue for the third quarter, which ended Sept. 29. That total is up $38.6 million, or 7 percent, from the third quarter a year ago.

"We had great response to our capital plans, strong momentum in season pass sales … and broad improvements in our food and beverage offerings this past year," said Matt Ouimet, Cedar Fair's president and chief executive officer.

The company has 11 amusement parks, four water parks and five hotels across the nation and is on pace for a fourth straight record year, it said. Besides in Pennsylvania and Ohio, the company has park and resort locations in California, North Carolina, South Carolina, Virginia, Minnesota, Missouri, Michigan and Ontario.

For 2014, Dorney Park and Wildwater Kingdom plans to add a major slide complex called the Snake Pit. The 65-foot high structure will feature six water slides; the longest at 450 feet.

Construction on the Snake Pit is expected to start next spring and be completed by Memorial Day weekend.

Across the company, Cedar Fair plans to add an inverted roller coaster at Kings Island in Ohio and a ride at Canada Wonderland near Toronto that will be a combination of a coaster track and an interactive digital gaming system.

Jennifer Glose

Jennifer Glose

Reporter Jennifer Glose covers health care, Berks County and other topics. She can be reached at jenniferg@lvb.com or 610-807-9619, ext. 111. Follow her on Twitter @jenniferg_LVB and read her blog, “Networking,” at http://www.lvb.com/section/networking-blog.

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