It's all fun and games with Ardent Leisure, as long as the discretionary spending cycle holds up.
The 33% year-on-year decline in Ardent Leisure's first-half fiscal 2018Â adjusted EBITDA to AUD 31 million understates the recovery under way at the no-moat-rated group.The return to constant-centre top-line growth of 1% for Main Event is an encouraging sign after two consecutive years of decline. Importantly, the growth in this critical metric has accelerated in recent weeks, providing a solid foundation for the well-credentialed new division CEO Chris Morris to stamp his authority. The theme p...
Ardent Leisure invests in and operates leisure and entertainment businesses in Australia, New Zealand and the U.S. Co. is organised into the following divisions: Marinas, which comprises seven d'Albora Marina properties, located in New South Wales and Victoria; Family entertainment centres, which comprises of 27 Main Event sites in the U.S.; Bowling centres, which comprises 48 bowling centres and six amusement arcades located in Australia and New Zealand; Theme parks, which comprises Dreamworld and WhiteWater World in Coomera, Queensland and the SkyPoint observation deck and climb in Surfers Paradise, Queensland; as well as Health clubs, which comprises 76 clubs in Australia.
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