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Kings Dominion parent Cedar Fair and Six Flags announce $2B merger
Cedar Fair Entertainment, the parent company of Kings Dominion, is merging with Six Flags Entertainment in an all-stock deal valued at $2 billion, the companies announced Thursday. Cedar Fair unitholders will own 51.2% and Six Flags shareholders will own approximately 48.8%. Together, the two companies will have a combined 27 am[...]
High cost, higher rewards
Michael Meyers is always looking for an advantage. Like many in the meetings industry, the Greater Richmond Convention Center’s general manager has seen his facility’s costs spike from inflation. Likewise, the price tag to run conferences has increased, so planners and venues are striving to ensure a good return on i[...]
Distinguished visitors
Event planners and hospitality industry experts worldwide will converge upon Richmond to grow their professional networks, discuss the latest developments in the tourism sector and celebrate travel in Virginia during the 2023 VA1 Governor’s Tourism Summit. Taking place Nov. 12-14 at the Greater Richmond Convention Center, [...]
Conventional wisdom
Business-related travel and events are slowly making a comeback in the post-pandemic era. In 2022, visitors to Virginia spent $30.3 billion in the commonwealth, exceeding 2019 spending by 4%. Of that spending, $4.8 billion was from business travelers, says Dan Roberts, vice president of research and strategy for Virginia Tourism[...]
Checking in
Neither Radford University nor the University of Virginia had to look far for collaborators on projects that have altered their campus footprints. The universities called on their own foundations to push forward the construction of two new on-campus hotels — The Highlander Hotel Radford and The Forum Hotel at U.Va. — and an [...]
Fed’s Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Be[...]
Nauticus Foundation hires CFO
Amy Owens has been named the chief financial officer of the Nauticus Foundation in Norfolk. Owens joins the Nauticus Foundation, which runs the Nauticus maritime museum in Norfolk, after serving as CFO at RDS of Virginia, a recycling and disposal company, according to her LinkedIn. Before that she was director of finance and non[...]
Nasdaq triggers delisting process for Urban One
Nasdaq has begun the delisting process for Urban One, the Maryland-based media company behind the proposed casino in Richmond, because it has not filed quarterly finance reports for fiscal year 2023 on time. The stock exchange’s notification does not affect trading of Urban One or its presence on Nasdaq yet; according to a[...]
Love at first site
Home to eight Fortune 500 companies and three Fortune 1000 companies, metro Richmond is “punching above our weight” for a region of 1.3 million residents, says Jennifer Wakefield, president and CEO of the Greater Richmond Partnership. For the third year in a row, the Richmond region was named by Business Facilities magazine [...]
The Pharrell factor
Some celebrities seem to forget their roots. Fortunately for Hampton Roads, Pharrell Williams is not that kind of star. The Grammy-winning musician with a worldwide following has invested in the area repeatedly over the past several years and is poised to continue. Even as his career took a new path this year when he was [&helli[...]
