Six Flags Arabia? Saudi Arabia Seeks Amusement Parks To Boost Tourism

Six Flags Entertainment Corp SIX 1.09% is planning on opening a new theme park in Saudi Arabia. According to CEO John Duffey, Saudi Arabia and Six Flax have agreed to a partnership, but few details have been ironed out.

“We’re very honored to be provided with an opportunity to enter into a partnership to bring Six Flags to the kingdom,” Duffey said on Arabuya TV after meeting with Saudi deputy crown prince Mohammed bin Salman.

“Our parks can provide the entertainment to which Saudis aspire.”

It’s unclear how Six Flags will design its park in such a conservative country, especially when it comes to women. Six Flags’ parks typically include rides like water slides. Saudi Arabia doesn’t allow women to drive or go to the movies and women’s sports are discouraged as well.

Just last week, Walt Disney Co DIS 0.75% opened its brand new Shanghai Disneyland. JPMorgan projects that Shanghai Disney will generate roughly $1 billion in revenue and $50 million in operating income in fiscal 2017. Numbers which will continue to grow in time.

Since Disney’s new park opened, the stock is…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!