The capital chain for Chinese partner Fang 188bet online live casino is tight，The project is not progressing smoothly，Six Flags USA can no longer sit still。In the latest announcement，Six Flags USA said，As the "exclusive partner" of Shanshui Cultural Garden，The company has sent a formal payment default notice to Shanshui Wenyuan in accordance with the agreement，The project in cooperation with Shanshui Cultural Garden may continue，All may also be terminated，But Six Flags does not have the ability to involve other partners to complete any existing projects。This is it，The relevant person in charge of 188bet online live casino replied to this reporter: "We are still in the process of active communication with Six Flags Group of America，It is temporarily inconvenient to disclose other information。”After the announcement，The world’s oldest banks also rated Six Flags Entertainment’s stock as “underweight”，Believes Six Flags’ business in China is declining rapidly，More industry insiders pointed out，188bet online live casino’s demand for defaulted money will make Six Flags’ domestic development even more confusing。

“Old friends” fall out

Recently，Under pressure in the capital chain、Layoffs、Unpaid wages、A series of negative news such as project suspension broke out，Companies under Shanshui Wenyuan suffered another equity freeze，Behind this，Many “creditors” of construction companies have embarked on the path of litigation and compensation。And this time，A partner that has always made 188bet online live casino proud，Six Flags Group in the United States has also embarked on the road to compensation。

In the latest announcement，Six Flags USA said，In China，Development of Six Flags-branded parks faces continuing challenges，It didn’t go as expected。This caused the partner 188bet online live casino to delay its payment obligations，Therefore，The company has submitted a formal notice of default in accordance with the agreement。Also，In the fourth quarter of 2019，The company will not receive any income from China-related cooperation，And expects to adjust this revenue to negative million。

Six Flags USA also stated，Although Six Flags will continue to cooperate with 188bet online live casino and relevant local governments，But the final result is not yet certain，It is possible that one or more of these projects will continue，It is also possible that all Six Flags projects in China will be terminated。188bet online live casino and Six Flags Entertainment earlier reached an "exclusive strategic cooperation"，In Haiyan, Zhejiang、Chongqing Bishan District、Nanjing three places plan to invest tens of billions each，Building a resort (town) project，Includes 11 Six Flags theme parks。

Actually，Just last year，There are media reports，188bet online live casino Six Flags expressed with confidence，Faced with the continuous upgrading and adjustment of China’s economic structure and increasingly fierce market competition，The development and construction of Six Flags China in 2019 will overcome all difficulties and proceed at full speed。

However，As the dominoes begin to fall one by one，188bet online live casino may need to urgently find a successor。Beijing Business Daily reporter learned，With the support of Zhejiang Haiyan Government，Domestic real estate giants have already approached the project，But because the project involves huge funds，The two parties have not yet reached an agreement。Other insiders also disclosed，The local government also issued an “ultimatum” to the 188bet online live casino，Introducing a new shareholder revitalization project before the New Year this year，Otherwise, you need to "withdraw"。However，In response to this statement，Shanshui Cultural Garden did not respond positively。

Expensive 188bet online live casino

“The construction and operation of large-scale theme parks is a complex system engineering，Previously, there were very few Chinese companies in China who only spent a lot of money to buy an IP from abroad、Projects in which foreign parties do not participate in investment and operation，Even Universal、Disney，Also adopt Chinese and foreign joint investment，Model to share business profits。" Zhou Mingqi, founder of Jingjian Consulting, said bluntly，It can be said，The failure of China Landscape Six Flags Park cooperation，First involvement in the industry with Shanshui 188bet online live casino Garden、Lack of research，There are many practical problems that have not been estimated、Not prepared，There are major flaws in the investment feasibility study and capital flow design，And chose a unilateral asset-heavy investment cooperation model that exceeds its own operational capabilities.。

Zhou Mingqi told a Beijing Business Daily reporter，Although foreign parties rely on their own well-known IP，Generally relatively strong in the process of finalizing the cooperation model，But in general，If the foreign party is more confident in the subsequent revenue of the Sino-foreign cooperative theme park project，The city will directly invest，And deeply involved in the design of the park、Construction and Operations，Get greater profits at the same time，Share project profits with China。He introduced，Although Legoland has light asset licensing cooperation projects in the country，But the overall investment volume is small，The amount of investment required by 188bet online live casino Paradise is not the same as that required。

According to people familiar with the matter，Shanshui Wenyuan started as a real estate company in 2014，After signing an exclusive strategic agreement with the American Six Flags Entertainment Group, which is famous for its thrilling roller coaster rides，188bet online live casino only pays US million to Six Flags Entertainment every quarter in brand licensing fees，In other words，Shanshui pays hundreds of millions of yuan to Six Flags to purchase IP every year，"Judging from the current situation，The amount Shanshui owes Six Flags is probably the brand licensing fee，It was previously reported，Starting from the fourth quarter of 2018，Shanshui can no longer pay this ‘expensive’ fee on time。" Zhou Mingqi revealed。

“Actually，Money 188bet online live casino has to pay to Six Flags Entertainment，Far more than hundreds of millions of yuan in brand licensing fees every year。”Introduction by Zhou Mingqi，Highly exciting roller coaster，Is the most expensive among various theme park rides，And it is different from the habit of most Chinese partners who advance money first and pay later，Most Americans will start designing after receiving about 90% of the cost、Production equipment，After being transported thousands of miles to China, it still takes a long time to install、Debug、Detection process，This means that Shanshui needs to invest a large amount of costs at one time for a long time in advance，Great financial pressure。

Lin Huanjie, president of the China Theme Park Research Institute, further analyzed that，Even not counting the later maintenance costs of large equipment，A single large roller coaster ride only provided by Six Flags，The cost is at least about 100 million yuan。He calculated，A project as large as Zhejiang Landscape Six Flags，At least about 10 billion yuan is needed in the initial stage，plus Chongqing in the same period、Investment needs for related projects in Nanjing and other places，The battle line is too long，It is likely to be the direct cause of the tight capital chain of 188bet online live casino。

"Quick 188bet online live casino"Accelerate retreatCity

In the opinion of Huang Jin, Secretary General of the Competition Law Center of the Institute of International Law, Chinese Academy of Social Sciences，In the process of cooperation between 188bet online live casino and Six Flags Entertainment，The United States that holds core competitive resources is often relatively strong，In order to introduce brands, China is likely to make a lot of commitments in the contract，During the actual operation，Once the promise cannot be fulfilled，Legal disputes will arise，“In accordance with international practice，Even if the US company does not seem to have much direct financial losses，But as long as the contract is not fulfilled，The other party can also demand compensation from the breaching party in accordance with the law。”

Zhou Mingqi confessed，After the turmoil at Six Flags Landscape，Domestic theme park investment will become increasingly cautious，Such large-scale projects may become increasingly rare。"Previously，For many real estate developers who are new to the field of 188bet online live casino tourism project development，Using large-scale theme park projects as an introduction to large-scale land enclosures at low prices，Then build properties and sell houses in the surrounding area，Using various reasons to get rid of the hot potato of theme parks，Seems like a ‘shortcut’ to making quick money。However，If the theme park itself has no profitability，It is impossible to achieve good health by relying solely on real estate feedback、Sustainable development path。" Zhou Mingqi said frankly，Now most of the internationally renowned theme park IPs have entered the Chinese market，It no longer makes sense for companies to spend large sums of money to buy brands abroad。From the perspective of future industry development trends，Reduce development costs，Develop your own IP and amusement equipment manufacturing capabilities，And a lighter investment、Easy maintenance、A non-powered theme park project with good self-profitability，Maybe it will be the key choice of more investors。

Wu Liyun, associate professor of the Chinese Culture and Tourism Industry Research Institute of Beijing International Studies University, also said，Foreign IP may bring more traffic to 188bet online live casino tourism projects to a certain extent，Good IP does have the value of being introduced into the country，But investors should also see it，Even high-quality IP requires operation and management to fully realize its market value，Not anywhere、You can "make money while lying down" by introducing international IP in any form。

*Source of 188bet online live casino article: Beijing Business Daily, author: Xiao Wei Jiang Mengwei，Original title：《The partners finally turned against each other and the 188bet online live casino was asked for liquidated damages by Six Flags》.