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Sunday, Jul 21, 2024

Six Flags at risk for bankruptcy

Six Flags Inc., which owns Magic Mountain in Valencia and 19 other theme parks, said that it might need to file for Bankruptcy Court protection if the company can’t restructure its debt by mid-August. An overhaul of Six Flags’ debt is highly uncertain, the New York-based company said in a regulatory filing, causing auditor KPMG to have significant doubt about the theme park company’s ability to continue as a going concern. For the full story click www.here

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