02.07.09

Busch Cancels Dubai Plans

Posted in Busch Entertainment at 11:37 am by Colione

Not really a surprise here (see previous post), Busch Entertainment has cancelled plans to build four parks in Dubai.  Reasons include the poor credit market, lack of market potential and of course, the rumored sale of Busch Entertainment by InBev.

Busch Entertainment For Sale?

Posted in Busch Entertainment tagged at 11:35 am by Colione

Rumors are InBev, which bought Anheuser-Busch, is putting Busch Entertainment up for sale, or possibly spinning it off into it’s own company.  

Busch Entertainment is sitting on $7 Billion in assets, drawing up to $4 Billion if put up for sale.

At this point, all theme park operators are potential bidders, but the tight credit market may push out the weaker companies.

In our opinion, they could get more money by spliting the different park companies up and selling them.

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