Six Flags Entertainment Corporation is an American amusement park company headquartered in Charlotte, North Carolina, United States.
Throughout the 2000s, Six Flags began to suffer from growing debt and organizational bloat, eventually resorting to selling off assets like its European parks and Worlds of Adventure in 2004.
[2] Jim Reid-Anderson was instated as chairman, president and chief executive officer (CEO) on August 13, 2010 and succeeded by Mike Spanos in late 2019.
Mike Spanos stepped down in 2021, allowing chairman Selim Bassoul to assume the role of CEO.
[3] The initiative and various comments made by Bassoul proved controversial with shareholders, and was abandoned in November 2022 after park attendance plummeted by 33%.
[12] On October 2, 2019, Reuters reported that Six Flags had first approached Cedar Fair with a cash-and-stock acquisition offer, although the proposal was quickly rebuffed.
[18] The transition resulted in Cedar Fair stakeholders becoming majority owners, with "unitholders" owning a 51% stake in the new company.
For an increased cost, visitors get a wrist band which gives them the ability to wait in a shorter queue for most attractions.
The Flash Pass is an optional, pay-per-person virtual queue system offered at amusement parks operated by Six Flags before the merger.
The system, named after DC Comics character The Flash, allows guests to reserve places in line at participating attractions, and access must be purchased for a nominal fee in addition to the general park admission price.
[41][42] Guests wear waterproof RFID wristbands that can be scanned at kiosks near participating water park attractions.