Cedar Fair Celebrates Summer By Ringing The NYSE Closing Bell at Cedar Point
Cedar Fair Entertainment Company, a leader in regional amusement parks, water parks and active entertainment, today hosted the New York Stock Exchange Closing Bell ceremony at its flagship park, Cedar Point, in Sandusky, Ohio. Cedar Fair’s president and chief executive officer, Matt Ouimet, kicked off the summer season as he rang The Closing Bell amidst a celebration at the park’s front gate plaza.
“We are very pleased to be able to celebrate the start of summer here at Cedar Point with the NYSE, our employees, our investors and our guests,” said Ouimet. “It is an honor that the NYSE has chosen to bring Wall Street to the shores of Lake Erie to celebrate FUN. While we have completed only one-third of our operating days so far this year, the early-season guest reaction to our new attractions and entertainment offerings has been extremely positive. The combination of innovative new offerings along with long-standing guest favorites ensures we deliver the ‘Best-Day-of-Summer’ experience our guests have come to expect from Cedar Fair.”
Ouimet stated that early-season revenue trends were positive through this past Sunday, June 29, 2014 – up approximately 1% on a comparable-park basis. The increase in average in-park guest per capita spending was somewhat offset by decreases in attendance and out-of-park revenues.