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Genting SkyWorlds | Malaysia | Theme Park

TilenB

Strata Poster
I still can't get over the fact that, after all the issues with Mission Ferrari, they somehow managed to sell another one of these.
I wouldn't be surprised if the contracts were signed at about the same time, considering how long this theme park has been under development.

By the way, what's the situation with the Dual Power Coaster? I was under the impression it was due to open last year, but it never did.
 

Lori Marie Loud

Giga Poster
I wouldn't be surprised if the contracts were signed at about the same time, considering how long this theme park has been under development.

By the way, what's the situation with the Dual Power Coaster? I was under the impression it was due to open last year, but it never did.
I believe the Duel Power's opening next month, at last report.
 

cookie

Hyper Poster
Dynamic Attractions' parent company Dynamic Technologies has filed for corporate restructuring under the Companies' Creditors Arrangement Act in Canada, citing serious financial shortcomings and unpaid debts. This could potentially lead to further delays for their two coasters at Genting.

 
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Joelpagett

Mega Poster
There's an interesting article on Yahoo and Screamscape regarding Dynamic Technologies, the company behind the two major rides at Genting Skywords that haven't yet opened.

It's quite a long article, but in a nutshell;

Dynamic has spent $26.4 million on the Aliens vs Predator attraction at Genting SkyWorlds, of the $34 million lump-sum contract, they have received $24 million. The remaining $10 million will not cover the estimated $16 million cost of completing the attraction due to the complexity of the ride system and design changes. There is a risk that Genting could cancel the project and demand the ride components be removed from the site.

Mad Ramp Peak, the former Son of Anarchy ride, is 95% complete with an estimated $1.5 million in items still needed to finish it, however Dynamic has already spent $30.7 million on the attraction, of the $24 million lump-sum contract, $23 million has already been paid.

Overall, it looks like various projects have plunged the company into $20 million in debt, and they don't have the necessary funds to finish the projects. This could mean very bad news for the two rides + the company, as they have always been at the forefront of advancing technology in the theme park sector.
 

Hixee

Flojector
Staff member
Administrator
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There's an interesting article on Yahoo and Screamscape regarding Dynamic Technologies, the company behind the two major rides at Genting Skywords that haven't yet opened.

It's quite a long article, but in a nutshell;

Dynamic has spent $26.4 million on the Aliens vs Predator attraction at Genting SkyWorlds, of the $34 million lump-sum contract, they have received $24 million. The remaining $10 million will not cover the estimated $16 million cost of completing the attraction due to the complexity of the ride system and design changes. There is a risk that Genting could cancel the project and demand the ride components be removed from the site.

Mad Ramp Peak, the former Son of Anarchy ride, is 95% complete with an estimated $1.5 million in items still needed to finish it, however Dynamic has already spent $30.7 million on the attraction, of the $24 million lump-sum contract, $23 million has already been paid.

Overall, it looks like various projects have plunged the company into $20 million in debt, and they don't have the necessary funds to finish the projects. This could mean very bad news for the two rides + the company, as they have always been at the forefront of advancing technology in the theme park sector.
Linked to this, I suppose:
 

spicy

Giga Poster
They clearly couldn't deliver on their promises for the SFX coasters or they just sold them too cheaply.. How can the attraction hardware go £6 million over budget?

I would guess Mission Ferrari went millions over its budget too but they just paid to get the thing finally open.

It's a shame though as the Alien Vs Predator ride from that concept art looked incredible.
 

Joelpagett

Mega Poster
They clearly couldn't deliver on their promises for the SFX coasters or they just sold them too cheaply.. How can the attraction hardware go £6 million over budget?

I would guess Mission Ferrari went millions over its budget too but they just paid to get the thing finally open.

It's a shame though as the Alien Vs Predator ride from that concept art looked incredible.

I think potentially they under-estimated the complexity of the rides, and it's gone way over budget. They'll 100% of made losses on the Mission Ferarri, all adding to the problems of the cash-flow.

It's a shame, as they're trying lots of different things, but there is only so much parks are willing to spend on something that is very much not tried and un-tested, so they made it cheaper to hook them in and convince them to invest - but the gamble hasn't paid off.
 

azmi

Roller Poster
Judging from this picture, the track design is quite impressive. It's amazing if this project can go ahead.
IMG_20230409_080628.jpg


Looking at the data from Wikipedia. Dynamic Attraction has released their third SFX Coaster sales data in China but it will not materialize.
IMG_20230404_195650.jpg

The concept of attraction design
FB_IMG_1680998359757.jpg

 

roomraider

Best Topic Starter
The park the one in China was due to goto never happened. There was full Maurer spinning coaster sat around in pieces near the plot of land for the park for years but even that's disappeared now.

The parks footprint is now flats and a recreation center I believe. No idea what happened to the spinner which is a shame but assume it was scrapped before it was even built.
 
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