Fiesta Texas Bankruptcy Saves Park

: Chris Lee Law Firm

  Filed under: News

six flagsSix Flags Fiesta Texas patrons will get another season of thrills and spills at the San Antonio theme park. Offering guests a range of games, rides and roller coasters, Six Flags Fiesta Texas is home to some 26 million guests each year. Now that its parent company has shred debt and boosted revenue, the park is looking forward to a fun year ahead.

Financial Roller Coaster

Six Flags Fiesta Texas is owned by Arlington-based parent company Six Flags Entertainment Corp. The company filed for Texas bankruptcy in 2009 hoping to restructure its debt and resolve some slippery finances. Emerging a year later $1.7 billion lighter, but was still wavering also needing an increase in revenue.

Last week the company reported its numbers for 2013, indicating revenue was up by 4 percent. Bringing in an extra $1.1 billion last year will keep the turnstiles spinning for another season at Six Flags Fiesta Texas. The company will celebrate its financial success by making some improvements to the park and brainstorming new attractions for next season.

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