Roller Coaster Crash Set to Cost Owner $73 Million

A popular U.K. attractions operator has issued a profit warning ahead of its interim results this week, after a roller coaster incident at one of its theme parks.
Merlin Entertainments, owner of LEGOLAND, Madame Tussauds and London Eye, has said it expects earnings (before interest, tax, depreciation and amortization) could be as low as £40 million ($62 million) for its theme parks division, compared to £87 million ($135 million) in 2014, ahead of its first half results this Thursday.
The theme park operator attributes this dramatic loss in profits to a roller coaster crash at one of its theme parks, Alton Towers Resort, in June.



wochit_business