The future for the big parks on Australia’s Gold Coast is secured by a major cash injection of A$70m (€42.5m) each.
Ardent Leisure and Village Roadshow each received the support to help them through the rough period created by the pandemic. The loans come from the Queensland Government.
In the case of Village Roadshow, the A$70m has come from a combination of private sources and the state.
Ardent operates Dreamworld and WhiteWater World while Village Roadshow has the Warner Bros Movie World, Sea World, Wet ‘n’ Wild Gold Coast and Paradise Country.
At the same time, 40 per cent of the shares in Village Roadshow Corporation has been sold to investment company BGH Capital.
