Village Roadshow’s Share Price Rises Due to Wet ‘n’ Wild Haikou 

Village Roadshow Ltd’s [ASX:VRL] share price has increased another 5% since the beginning of this week.

Their shares are currently trading at $2.33, up from $2.06 from the beginning of May.

The entertainment company’s share price has been on an upward trend since the opening of their Chinese Wet ‘n’ Wild water park earlier this month.

Village Roadshow opens new Wet ‘n’ Wild water park in China

Village have partnered with Guangxi Investment Group and Mission Hills Group to open a water park on the Chinese island of Hainan.

Located in Mission Hills Centreville Haikou, this is the city’s first major brand waterpark, as reported by Parkz.

The 240,000 square-metre park is surrounded by luxury hotels and features more than 30 world-class slides, pools and attractions — and the city’s largest wave pool.

Haikou Park General Manager has said:

Our mission is to be a world leader in safety and provide world-class water slides, facilities, food and service to generate repeat visitation and enjoyment for all visiting guests. VRTP leads the way globally, operating under the highest standards of safety and water quality and we bring this knowledge and expertise to Wet’n’Wild Haikou.

What’s next for Village Roadshow?

Village are still recovering from challenging trading conditions, including low attendance to their Gold Coast parks and a slow start to the year for their cinema exhibition. Although, Village has said that they are set to make this up with major releases such as Jurassic World and Star Wars in the remainder of FY18.

Regards,


Dannielle Rawlings,
For Money Morning

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