Australian theme park where four people died to stay closed: CEO
- Wall Street turns defensive on Trump's protectionist stance
- Aetna's (AET) Humana (HUM) Takeover Blocked by Judge as Anticompetative
- Trump signs order withdrawing U.S. from Trans-Pacific trade deal
- Qualcomm (QCOM) Thrashed as Apple (AAPL) Lawsuit Threatens Licensing Business Model
- McDonald's (MCD) Tops Q4 EPS by 3c
Chief Executive Deborah Thomas (L) of Australia's Ardent Leisure Group, the owner of Australia's biggest theme park where four people were killed on a water ride this week, and Dreamworld Chief Executive Craig Davidson walk past floral tributes outside th
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
SYDNEY (Reuters) - Australia's Ardent Leisure Group said on Friday its Dreamworld theme park will remain closed following the death of four people on a water ride, scrapping its initial plan to reopen this week.
Two men and two women were killed on Tuesday after getting trapped under an upturned raft on the Thunder River Rapids Ride at Dreamworld, near the tourist-magnet Gold Coast district in northeastern Queensland.
Dreamworld had planned to reopen on Friday, but abandoned the plan after a public backlash.
Dreamworld CEO Craig Davidson said the park would not reopen until after the funerals of the victims, while the rides will remain closed until police investigations are finalised and additional safety checks are completed.
Shares in Deamworld's parent company, Ardent Leisure Group closed down more than 5 percent on Friday and were down more than 20 percent for the week.
(Reporting by Colin Packham; Editing by Richard Pullin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump makes early move on restricting abortions around the world
- Italy's Generali buys three percent of Italian bank Intesa in defensive move
- Putin allies propose easing penalty for domestic violence
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!