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News: Palace Entertainment acquires WaterWorld USA from Six Flags

Posted at 10:31 PM EST (0331 GMT)

Nov. 17th, 2006 -- Former WaterWorld USA in Sacramento, CA has been acquired from Six Flags Inc. by Palace Entertainment, the parent company of numerous water parks and family entertainment centers across the country.

The water park has been renamed Raging Waters Sacramento and is to reopen in May of 2007.

In addition to plans to improve the existing facilities, Palace Entertainment is currently working on a major new attraction for next season that will be announced soon

Palace Entertainment now owns and operates seventeen parks in California, employing more than 3,300 people.

Visit the Sacramento Bee and Raging Waters for more information.

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News by Chris L

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Raging Waters (Sacramento)

Comments
CHILLERLC1 Joined: May 2001 Posts: 8037 View Park/Ride Count	Hopefully the ball continues to roll.
11/17/2006 11:14 PM
Kyle L Joined: Jun 2001 Posts: 6988 View Park/Ride Count	Bah, Sun Splash is better anyway....
11/18/2006 12:12 AM
Wes Joined: Sep 2001 Posts: 11178 View Park/Ride Count	Well that's a little bit more debt paid off.
11/18/2006 8:59 AM
paboy Joined: Nov 2005 Posts: 17 View Park/Ride Count	I guess that means they've given up on selling all the properties in one big lump sale. That's good, I think they'll have better luck selling them individually.
11/18/2006 10:21 AM
bk2004 Joined: Oct 2003 Posts: 7735 View Park/Ride Count	Never heard of Newport Beach based Palace Entertainment
11/18/2006 2:06 PM
James R Joined: Oct 2001 Posts: 1303 View Park/Ride Count	I wonder if anyone will buy Splashtown in TX.
11/18/2006 4:14 PM
The Gent Joined: Apr 2005 Posts: 97 View Park/Ride Count	Six Flags didn't do much by way of maintenance on the park. Palace Entertainment has some work to do. As I'm sure they know.
11/18/2006 5:39 PM
Mrceagle Joined: Sep 2002 Posts: 1970 View Park/Ride Count	There not waiting. The Chain already has a web site up for the park http://www.ragingwaters.com/sac/ /> Palace entertainment isn't a bad Company they own the Raging waters, NC's Wetn' wild, and many other Stand alone water parks including my local Water park Water Country(New England's largest). They also own a number of games centers like Boomers, Speed zone, and others. The chain runs a couple of small parks, Silver Springs in Florida and Castle park in Riverside CA. http://www.palaceentertainment.com/ />
11/18/2006 9:01 PM
coasterdude28 Joined: Oct 2004 Posts: 3863 View Park/Ride Count	And so it begins. Hopefully this will help the chain some.
11/19/2006 12:34 AM

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