Village Roadshow to reopen theme parks, cinemas

Village Roadshow to reopen theme parks, cinemas

Village Roadshow (ASX: VRL) will start opening some Queensland theme parks on Friday, while its cinema circuit in Tasmania is already open with Victorian regional cinemas to follow suit later this week.

The company's theme parks Warner Bros. Movie World, Sea World, Wet'n'Wild and Paradise Country have all had their COVID Safe plans approved by the Queensland Government and are able to reopen at 50 per cent capacity.

"Sea World and Paradise Country will reopen on Friday 26 June, Australian Outback Spectacular on Friday 3 July and Warner Bros. Movie World and Wet'n'Wild on Wednesday 15 July," the group said today, adding Topgolf Gold Coast reopened on Friday, 12 June.

It has now been just over three months since Village Roadshow announced the closure of its theme parks in respond to COVID-19, and earlier this month the Queensland Government pledged millions of dollars in funding to support the company along with Ardent Leisure (ASX: ALG) and Currumbin Wildlife Sanctuary.

Village Roadshow has also announced it aims to reopen its metropolitan Melbourne cinemas by late July if coronavirus restrictions allow it.

"VRL's cinema circuit in other States, including those operated by VRL's partner Event, are expected to reopen in early July," the company said.

"VRL's businesses will operate under applicable operating restrictions and social distancing policies, ensuring the safety of patrons, employees and the community."

Updated at 11:43am AEST on 24 June 2020.

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