Six Flags

Six Flags Inc. is the largest regional amusement park in the world.http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-irhome There are currently 19 Six Flags locations amusement parks throughout North America, with the demise of the New Orleans location when Hurricane Katrina destroyed the park. Six Flags was originally called Six Flags Over Texas, although the company is now based in New York.

On June 13, 2009, Six Flags filed for Chapter 11 bankruptcy.http://archives.chicagotribune.com/2009/mar/14/business/chi-tc-biz-brf-six-flags-0314mar14 The company reported assets of $3 billion and a debt of $2.4 billion. Bankruptcy proceedings were expected to take up to six months. Information about the ongoing restructuring can be found on the Six Flags corporate website.http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-irhome

The principal competitor for the park is the Walt Disney Company.http://www.fundinguniverse.com/company-histories/Six-Flags-Inc-Company-History.html

The Six Flags family of theme parks got its start in Texas in 1961. Angus Wynne envisioned a more accessible theme park. He based the park on the six countries that had occupied Texas during it's history, and had each flag fly over that section.http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-homeprofile

Angus Wynn introduced the world to some concepts that were new: the steel roller coaster, the log flume, and whitewater rides when he opened his first park, “Six Flags Over Texas” back in the early 60’s. The park also featured attractions for those who were not thrill-seekers, such as an Indian village, a “Fiesta Train” and a petting zoo and a goat ride. There was also an amphitheater where shows and music were presented. He wanted his park to be closer to home and more affordable than his competition, the Disney corporation. He charged anyone over four feet tall $2.75 admission. The first year, the park realized more than one million dollars.http://www.fundinguniverse.com/company-histories/Six-Flags-Inc-Company-History.html