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Okay from our studios this week in Detroit and in Tampa.
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This is Green Tag to Theme Parker and thirty. I'm
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Philip and I'm joined as always on my co host
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Scott Swinson of Scott Twinson creat Development. On Green Tag,
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we look at the top news each week and explain
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why it matters to business professionals. And this week we're
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going to be talking a little bit about the uh
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more news from six Flags, so there's always use with
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six Flags nowadays. And then we're going to look at
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the latest global trans report from AYAPA and discuss some
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of the takeaways from that. So first, more is brewing
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over at six Flags. We got we got.
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Just the season for brewing, just the season for brewing.
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There's there's a coven sitting around a big cauldron somewhere
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and and it's certainly brewing, all right.
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And I guess two more members of that coven are leaving.
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So yeah, six Flags did announce that two.
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More members of the board are going to be resigning
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at the end of the year.
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This follows news a course of the CEO step down.
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So the two that are leaving first is Selim Bessel,
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which was the previous CEO of the previous six Flags
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only chain, right, so he's leaving along with Daniel who
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is the lead independent director. Now Selim would seem like
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the you know, the more important, not too more important,
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but you know, he has a lot of projects still
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in the mix. But they said that he's he will
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be staying on as a consultant for the company through
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the opening of the new six Flags Kadia Park in
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Saudi Arabia. And that's where the other piece of news,
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kind of news came in where in the initial press
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release where they announced that Seleem and Daniel were going
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to be stepping down at the end of the year,
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they mentioned that the six Flags Park was going to
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be moving its opening date till twenty twenty six. However,
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very soon after that press release went out, they issued
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a correction saying that no, it was actually going to
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still open in and so that created a second piece
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of news about that kind of back and forth. But
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the official news, I guess is that these two are
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stepping down, and like I said, that follows the news
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that we had previously about Richard Zimmerman stepping down. Now,
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a replacement or successor for Zimmerman has not been named,
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so it's kind of like, well, Zimmerman will be around
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while they find a replacement, and then also Slim will
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be around until this opens as a consultant. So it's
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not a complete loss of this. But in terms of
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what Basul said, I just thought his quote was interesting.
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He said, leading the Six Flags board directors through a
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period of transformation has been one of the most super
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awarding experiences of my career. Together we built a stronger,
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more innovative company, one that successfully completed the industry's largest merger,
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expanded its growth opportunities, and refined the guest experience through
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technology and creativity. I'm especially proud of that Six Flags
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has been recognized as one of the best and brightest
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companies to work for a nation. I'd prove of our
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exceptional culture and dedication of our people.
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I'm not sure how much of that is true.
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Well, you know, I don't know whether I have just
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become in this world or because of my age or whatever.
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I've just kind of become cynical, especially when I immediately
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recognize rhetorics speak and that's exactly you know, basically, I mean,
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let's break this down here. I'm so proud I'm so
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glad that we got through this transition proving that this
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is a great place to work, and now I'm leaving,
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and not only leaving work. We got to point out
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he's not just leaving work, he is now actually leaving
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the industry because he's lined up a new gig as
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the chairman of a Canadian online grosser.
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Yep.
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So it was like, oh, my god, my guess and
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this is pure speculation, So pure speculation on my part.
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My guess is he feels so beat up by this
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whole transition period that it is time to focus on
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something new, something different, to just kind of relax a
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little bit. I don't know whether that's true or not.
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That maybe oversimplifying the situation, but yeah, it's it's unfortunate
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because again, I'm I've become very very cynical when I
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hear when I hear phrases like together we built. As
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you're leaving, you're saying together we built, I just get
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a little sarcastic, I guess about that because it's hard
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to buy.
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Yeah, it's one of those whatever the saying is where
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you know, everything you say is an admission you kind
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of thing where it's like, well, you know why, there
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are other things he could have said, So it's kind
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of like joining attention to these things almost makes it
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seem like, yeah, it is a.
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Weird lily a bit. It's it's it's certainly really. I mean,
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if he had said, if he had said, you know,
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this has been a rewarding experience for me, I'm very
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proud of what we were able to accomplish. But it
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is I recogniz that it's time for me to move on.
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Yes, right, that's a great story. That's right, that's right,
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that's right.
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But he's still but he's still a consultant, so he can't. Yes,
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he has to still tow the party line, which I understand.
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You know, we've all worked for corporations. I understand that
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that necessity.
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But it just it's it's.
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A whole paragraph that basically says absolutely nothing in my opinion.
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Yeah, well, uh, and so was speaking of him staying
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on as a consultant.
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So that.
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This is interesting again because I think the first time
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we heard about Richard, I meant I mentioned how that
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was kind of like not a great sign when you
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were trying to execute this this big vision, right that
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we talked about they had the whole leadership vision where
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they presented to investors about this plan that we thought
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was actually a good plan. But where we have argued
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and again this is just us where we have been
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arguing it is it kind of seems like it has
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not really been executed. And maybe that's because there's so
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many staff, it's such a big who knows why. But
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the execution doesn't seem like it's quite gotten there. And
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so then you're saying we're going to remove leadership. Well
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that's never a good sign classically when you're trying to
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get a new initiative done through. Is the leaderships changing
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and now it seems it seems like it's now more
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leadership is leaving. However, maybe not, because a lot of
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the pushback we got in comments when I said that
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was that he's still going to be around anyway, and
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that this gives the opportunity for new blood to come
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in and maybe connect more of the park manager park Nation,
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you know, maybe basically be a better bridge. And so,
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you know, I think maybe that's the same case here,
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like Saline will still be around. If somebody has a
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question about working with the government in Kadea or something
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about logistics he'll still be around, but maybe it gives
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the opportunity for a better bridge between the people need
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to actually execute, which would be the park managers and
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the area managers, and then the people who are in
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the Ivory tower, which is the board.
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So maybe.
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So I mean, yeah, I think that anytime you have
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two major conglomerates coming together, there's always going to be
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growing pains, and sometimes it is beneficial to instead of
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doing it six Flags way or Cedar fairway, is to
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do it a new way and to find new people
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who can and execute that. With this number, however, abandoned
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abandoning ship, I think is probably a safe analogy to use.
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With this number of people abandoning ship, I have to
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ask what do they know that we don't know.
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That's true, because you know.
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They have information that will not be released, nor should
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it be it's you know, proprietary business stuff. But and
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could it be something may be something as simple as
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they know what the new leadership is going to look like,
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and they don't necessarily recognize their place in it, or
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they don't recognize their it's contrary to their belief in leadership,
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because let's face it, there's a million different ways to
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lead a company, and well not a million, but there's
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many different ways to lead a company, and sometimes you know,
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it is it is best for the company overall to
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cut ties with the opposition. You know, it's it's time
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to say, okay, we're now. I don't know, I didn't
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see it anywhere in the in the article, but maybe
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you've seen anything. What kind of what kind of exit
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packages did these guys get? What kind of golden parachutes
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were there?
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So I didn't see that.
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I'm sure the information is probably out there somewhere, but
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I didn't see any articles that I read.
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I'm assuming that there's there's something. There's always always something. Yeah,
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there's always something. But I but again, I I hope,
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I hope that what we're saying here is is true
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for the company as a whole. I hope that there
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is you know, it will bring in the or will
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open up the possibility to bring in some new blood.
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The challenge, I think is going to be finding that
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balance between pruning to allow for new growth and cutting
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so far back that the tree dies. So you kind
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of have to find in any corporation. You know, I'm
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not even speaking necessarily about six flags in any corporation
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where you have a change of strategy or as change
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of leadership leadership strategy, you have to kind of find
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that balance. You have to figure out how much can
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we trim back so that we can allow for some
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new growth, some new ideas, some new people, some new experiences,
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And how much is it when we cut too far
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back that we don't have any sort of history knowledge.
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You know, you're kind of going in green, because then
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you're tempted or likely to make the same mistakes that
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have been made before, because you know, the first time
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they made those mistakes, it sounded like a good idea.
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And if there's nobody around to remember that it was
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we thought it was a good idea, but it wasn't,
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then you just end up spinning your wheels and making
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the same mistakes over and over again. So I'm hoping
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that this is not a landslide the beginning of a
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landslide trend. And I'm hoping that, you know, the folks
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who commented it opens up space for new you know,
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new blood, new ideas. But I don't know, you know,
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based on what we've seen with the Six Flags properties
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and the Six Flags parks, and I'm not sure who
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they're going.
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To be able to draw into their fold. That is true.
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That is true.
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It is worrying that there's not a successor being like
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groomed like more publicly, you know, for zimmer Man, that
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is that is concerning, you know. And yeah, but the
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the other piece too, which I think is interesting, it
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is about.
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The date change and yeah.
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And so basically six Flags is is a telling everybody, oh,
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it was just a typo, basically like it was just
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a mistake, you know, et cetera, et cetera.
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Now, Scott, you know, as someone.
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Who's worked in corporation, so that both of us have,
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I don't really think it's likely that there was a
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mistake of that magnitude in the press release. I think
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it's more likely that it was announced because now there
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have been quite a few reporters that have talked about
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who are more there locally in the area, who have
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talked about how the site is not doesn't look like
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it's at all close to being reaid open, right, this
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is not prepared. So there's been quite a few reporters
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mentioning that. But we also know that when they want
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something to open, they can just throw money at it.
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I mean the amount of money they can throw that
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will really that they can build stuff very quickly there
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if they want to.
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But so I do.
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Again, this is conjecture, right, I do suspect that they
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probably thought that. I think maybe it's a difference of Again,
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that's like a cultural difference. Like probably when this site
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will be ready it is probably twenty twenty six, but
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when it will open will be twenty twenty five, and
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it will just open where not everything is ready, but
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it will still be open.
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If any, if any of our listeners have ever worked
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in the Middle East, you know, you know as well
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as I do.
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You do not, you do not, You.
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Do not open late, doesn't matter what you open. Those
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gates open on time. And you know, having having opened
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two different attractions there, it's amazing what can happen in
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the last I would say month or even week as