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  "documentTitle": "Six Flags Entertainment Corp. (SIX)",
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  "presentationDate": "2022-12-01 00:00:00",
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  "notes": "The chart shows revenue growth for existing operators, supporting the 'moat' thesis.",
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      "text": "With No New Supply, Growing Revenues Go to Existing Operators",
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      "text": "There is virtually no new construction of regional theme parks in the United States, providing a moat around the business. The last major regional theme park to be built in the US was the Hard Rock Park (aka Freestyle Music Park), a music-themed amusement park in Myrtle Beach, South Carolina, that opened in 2008 and was permanently closed in 2009 amid the financial crisis. New smaller-scale experiential leisure such as escape rooms, trampoline parks, and TopGolf are gaining in popularity and growing, but are not directly competitive with the full-day regional theme park experience.",
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      "text": "Total Revenue for Amusement and Theme Parks",
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      "text": "Ride over for Hard Rock Park — CarolinaLive.com",
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      "text": "Source: U.S. Census Bureau",
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