GRAND PRAIRIE, Texas, July 30, 2014 /PRNewswire/ -- Six Flags Entertainment Corporation (NYSE:SIX), the world's largest regional theme park company, and Riverside Investment Group Co. Ltd., a leading real estate developer in Texas, announced today a new strategic partnership to build a Six Flags-branded theme parks in Austin.
"Our expansion strategy is focused on finding the right partners in the right markets, and Riverside Investment Group will be the perfect strategic partner for us in Austin," said Jim Reid-Anderson, Chairman, President and CEO of Six Flags Entertainment. "We are honored to be working with this world-class organization as we continue taking the Six Flags brand to growing markets."
Terms of the arrangement were not disclosed.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world's largest regional theme park company with $1.1 billion in revenue and 18 parks across the United States, Mexico and Canada. For 53 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions including up-close animal encounters, Fright Fest® and Holiday in the Park®. For more information, visit www.sixflags.com.
About Riverside Investment Group Co. Ltd.
Riverside Investment Group Co. Ltd. was registered in Canada in 1997. With China's fast-developing cultural and tourism industries and urbanization process, Riverside Group has become a leading real estate developer, focusing on overall health care, tourism, culture, entertainment industries and high-end residential buildings. It is also an investor, constructor and operator of middle and high-end communities, participating in the whole industrial chain from planning and design to construction, business attraction and operation.