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Coast Entertainment

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Coast Entertainment Holdings
Formerly
  • Macquarie Leisure Trust
  • Ardent Leisure Group
Company typePublic
ASX: CEH
IndustryLeisure and entertainment attraction operator
Founded11 June 1998; 27 years ago (1998-06-11)
Headquarters
Milsons Point, New South Wales
,
Australia
Area served
Australia
Key people
Greg Yong (Group CEO) Gary Weiss (Chairman)[1]
RevenueA$96.4m Increase (2025)[1]
A$(3.4m) Increase (2025)[1]
A$(0.1m) Increase (2025)[1]
Total assetsA$249.3m Decrease (2025)[1]
Number of employees
850[2][3]
SubsidiariesDreamworld
WhiteWater World
SkyPoint Observation Deck
Websitecoastentertainment.com.au

Coast Entertainment Holdings Limited (formerly Ardent Leisure Group and Macquarie Leisure Trust) is an Australian leisure company. It operates Dreamworld, the largest theme park in Australia,[4] WhiteWater World, a water park adjacent to Dreamworld, and the SkyPoint Observation Deck on the Gold Coast, Queensland, Australia.[5]

History

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Macquarie Leisure Trust (1998–2009)

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Coast Entertainment began in 1998 as Macquarie Leisure Trust, a listed trust managed by Macquarie Leisure Operations, a subsidiary of Macquarie Bank.[6][7] The trust acquired the existing Dreamworld theme park in July 1998[6] for A$100.3 million.[8] In November 1999, it purchased d'Albora Marinas, a provider of berth and marina facilities, for A$36.3 million.[9]

Macquarie Leisure acquired the Cabarita Point Marina for its D'Albora Marinas business in January 2004.[10] In October 2004, Macquarie Leisure acquired AMF Bowling's Australian business for A$67.4 million.[11] In August 2006, it announced that it would acquire the Texas-based family entertainment centre operator Main Event Entertainment.[12] Later that year, it opened WhiteWater World, a new water park constructed on the Gold Coast.[13][14]

In July 2007, Macquarie Leisure announced it would acquire Goodlife Health Clubs for $60 million. At the time, Goodlife had 18 health clubs across Queensland, Victoria and New South Wales.[15]

Ardent Leisure (2009–2023)

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In August 2009, management of Macquarie Leisure Trust was internalised and it was renamed Ardent Leisure Group, ending its connection with Macquarie Group.[16] In November 2009, Ardent Leisure acquired the QDeck observation deck for A$13.3 million.[17]

In April 2015, Deborah Thomas, former editor of Cleo and other magazines, was appointed as chief executive officer (CEO) of Ardent Leisure.[18][19] Thomas was replaced on 9 June 2017 when Simon Kelly was appointed as CEO and Managing Director.[20]

In August 2016, Ardent sold the Goodlife Health Clubs business to Quadrant Private Equity for $260 million.[21] In December that year, Ardent Leisure sold its d'Albora Marinas division for A$126 million to a special purpose vehicle owned by Goldman Sachs and Balmain Corporation.[22] In December 2017, Ardent sold its Australian bowling and arcade businesses (AMF, Kingpin and Playtime) to The Entertainment and Education Group for A$160 million.[23]

In June 2020, RedBird Capital Partners acquired a 24.2% stake in Main Event.[24] On 6 April 2022, competitor Dave & Buster's announced its intent to wholly acquire Main Event from Ardent and RedBird for US$835 million (A$1.1 billion); former Main Event CEO Chris Morris was retained, and was made the CEO of Dave and Buster's.[25][26][24]

Coast Entertainment (2023–present)

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Ardent Leisure changed its name to Coast Entertainment Holdings in December 2023.[27]

Coast lodged an application with the Gold Coast City Council on 18 September 2023 to rezone and develop three parcels of land owned by Coast on which Dreamworld and WhiteWater World operate.

On 26 August 2025 the Planning Minister proposed to call in the development. On 26 October 2025, the Planning Minister called in the development. On 21 November 2025, the Planning Minister issued Coast with an Information Request.[28]

Portfolio

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The Dreamworld Tower at Dreamworld which houses the Tower of Terror II and the Giant Drop.
The Temple of Huey and Little Rippers at WhiteWater World interacting with Dreamworld's Cyclone.

Theme parks

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Main articles: Dreamworld (Australia), SkyPoint Observation Deck, and WhiteWater World

Coast Entertainment owns and operates the Dreamworld theme park on the Gold Coast. Dreamworld has over 40 rides and attractions.[29]

Coast also owns WhiteWater World (opened December 2006) as an adjacent water park[30] and QDeck (acquired November 2009)[31] which was renamed SkyPoint in 2010.[32]

Attendance and Performance

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Coast Entertainment's financial performance and attendance since its acquisition in 1998.

FY Theme park revenue (A$m) EBITDA (A$m) Total attendance Notes
1998 52.1 11.7 1,114,401
1999 54.2 16.3 1,099,521
2000 55.1 16.0 1,036,513
2001
2002 56.7 14.9 1,059,000 EBITDA and attendance in FY2003 Annual Financial Report
2003 59.1 17.2 1,093,300
2004 67.7 21.7 1,234,611
2005 77.7 27.4 1,352,803
2006 84.0 31.0 1,400,000
2007 96.7 37.6 WhiteWater World opened
2008 107.9
2009 1,919,630 Attendance from the FY10 Full Year Results Presentation [33]
2010 98.6 2,103,276 SkyPoint purchased
2011 101.6 32.3 2,220,334* EBITDA from FY2012 Annual Report. *Estimate based on FY2012 attendance falling 21.8% (per FY2012 Annual Report)
2012 93.7 28.9 1,736,301 Revenue, EBITDA and attendance from FY2013 Annual Report
2013 97.1 30.5 1,874,951
2014 100.1 32.8 2,042,164
2015 99.6 32.0 2,281,606
2016 107.6 34.7 2,413,937
2017 70.9 −3.4 1,662,992 Thunder River Rapids Ride incident
2018 69.9 −91.1 1,657,969
2019 67.1 −19.8 1,459,621
2020 54.5 −33.9 1,153,296 Covid-19
2021 36.0 −11.1 743,860 Covid-19
2022 49.5 −14.4 880,833
2023 83.9 3.1 1,220,933
2024 87.0 2.3 1,395,650
2025 96.4 13.9 1,551,964

Amusement Park Licence

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In response to the Thunder River Rapids Ride incident, the Queensland Government introduced the Work Health and Safety (Amusement Devices—Public Safety) Amendment Regulation 2019 requiring major theme parks, including Dreamworld, to have a major amusement park licence.[34]

The legislation required the regulator to be satisfied that the operator is able to ensure that amusement devices at the major amusement park do not expose, or potentially expose, a person to a serious risk to health or safety.[35]

Coast Entertainment (then Ardent Leisure) was granted Queensland's first Major Amusement Park Licence by Workplace Health and Safety Queensland in August 2022.[36]

See also

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References

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  1. ^ a b c d e "Annual Financial Report FY2025" (PDF). Coast Entertainment Holdings Limited. 24 June 2025. Retrieved 7 December 2025.
  2. ^ "Coast Entertainment Holdings Limited Modern Slavery Statement FY2024". Coast Entertainment Holdings Limited. 17 December 2024. Retrieved 2 December 2025.
  3. ^ "Modern Slavery Statement FY25" (PDF). Coast Entertainment Holdings. Coast Entertainment Holdings Limited. 2025. Retrieved 29 December 2025.
  4. ^ "About Us". Coast Entertainment Holdings Limited. Retrieved 7 December 2025.
  5. ^ "Home Page". Coast Entertainment Holdings Limited. Retrieved 7 December 2025.
  6. ^ a b "Dreamworld History" (PDF). Dreamworld. Archived from the original (PDF) on 30 December 2010. Retrieved 31 August 2010.
  7. ^ Chong, Florence (20 July 2011). "Community bowled over by Ardent Leisure". The Australian. Retrieved 8 July 2024.
  8. ^ "Annual Financial Report FY2003" (PDF). Macquarie Leisure Trust. 30 June 2003. Retrieved 7 December 2025.
  9. ^ Pettafor, Emily (26 November 1999). "Macquarie jumps ship into marina business". Australian Financial Review. Retrieved 8 July 2024.
  10. ^ "Macquarie buys Cabarita marina". The Sydney Morning Herald. 6 January 2004. Retrieved 8 July 2024.
  11. ^ "Macquarie buys AMF Bowling centres". The Sydney Morning Herald. 18 October 2004. Retrieved 7 July 2024.
  12. ^ "Macquarie enters global leisure market". The Sydney Morning Herald. 28 August 2006. Retrieved 8 July 2024.
  13. ^ "WhiteWater World". Database Entry. Parkz. Retrieved 31 August 2010.
  14. ^ Wilson, Richard (15 November 2006). "WhiteWater World on the final straight". Parkz. Retrieved 31 August 2010.
  15. ^ "Mac Leisure spends $60m on Goodlife". The Sydney Morning Herald. 31 July 2007. Retrieved 9 July 2024.
  16. ^ "Annual Report 2009" (PDF). Ardent Leisure Group. 28 September 2009. p. 14. Retrieved 8 July 2024.
  17. ^ Nichols, Nick (11 November 2009). "Dreamworld buys a piece of Coast skyline". Gold Coast Bulletin. Archived from the original on 13 November 2009. Retrieved 31 August 2010.
  18. ^ Burke, Liz (27 October 2016). "Dreamworld boss in line for $800k bonus". NewsComAu. News Limited. Retrieved 27 October 2016.
  19. ^ Daniel, Sue; MacMillan, Jade; staff (27 October 2016). "Dreamworld under fire for failing to contact victims' families directly". ABC News. Australian Broadcasting Corporation. Retrieved 27 October 2016.{{cite news}}: CS1 maint: multiple names: authors list (link)
  20. ^ "About Us - Management". ardentleisure.com/about-us. Ardent Leisure. Retrieved 16 August 2017.
  21. ^ "Ardent Leisure sells Goodlife gyms for $260 million to private equity firm Quadrant". The Sydney Morning Herald. 19 August 2016. Retrieved 9 July 2024.
  22. ^ Schlesinger, Larry (11 December 2016). "Goldman Sachs, Balmain buy Ardent Leisure marinas for $126m". Australian Financial Review. Retrieved 8 July 2024.
  23. ^ "Ardent sells AMF bowling alleys for $160m". SBS News. Retrieved 7 July 2024.
  24. ^ a b Schlesinger, Larry (6 April 2022). "Ardent Leisure sells US entertainment business for $1.1b". Australian Financial Review. Retrieved 6 May 2022.
  25. ^ Lalley, Heather. "Dave & Buster's completes its Main Event acquisition". Restaurant Business. Retrieved 19 July 2022.
  26. ^ "Dave & Buster's to buy Main Event for $835M". Restaurant Dive. Retrieved 19 July 2022.
  27. ^ Deare, Steven (15 December 2023). "Dreamworld operator Ardent to become Coast Entertainment". Capital Brief. Retrieved 7 July 2024.
  28. ^ "Ministerial call-ins". Queensland Government. Department of State Development, Infrastructure, Local Government and Planning. 18 March 2025. Retrieved 29 December 2025.
  29. ^ "About us". Dreamworld. Coast Entertainment Operations Limited. Retrieved 29 December 2025.
  30. ^ "Annual Report 2007" (PDF). ASX. Macquarie Leisure Trust Group. Retrieved 29 December 2025.
  31. ^ "Ardent Leisure Group Annual Report 2010" (PDF). AnnualReports.com. Ardent Leisure Group. 27 September 2010. Retrieved 29 December 2025.
  32. ^ "Ardent Leisure Group Annual Report 2011" (PDF). AnnualReports.com. Ardent Leisure Group. 22 September 2011. Retrieved 29 December 2025.
  33. ^ "Ardent Leisure Group – 2010 Full Year Results Presentation" (PDF). ASX Announcements. Ardent Leisure Group. 20 August 2010. Retrieved 27 December 2025.
  34. ^ "Work Health and Safety (Amusement Devices—Public Safety) Amendment Regulation 2019". Queensland legislation. Queensland Government. 2019. Retrieved 29 December 2025.
  35. ^ Work Health and Safety Regulation 2011 (Qld) (subordinate legislation, s 608ZG). Queensland Government. 2011. Retrieved 29 December 2025.
  36. ^ "Annual Financial Report for the year ended 27 June 2023" (PDF). ASX Announcements. Ardent Leisure Group Limited. 24 August 2023. Retrieved 29 December 2025.
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