SeaWorld Posts 13% Attendance Drop as Blackstone Cuts Stake
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SeaWorld Entertainment Inc. posted a 13 percent drop in attendance at its theme parks as shareholder Blackstone Group LP continued to reduce its stake in the company.
SeaWorld, based in Orlando, Florida, said first-quarter attendance fell to 3.05 million guests from 3.5 million a year earlier, according to a regulatory filing yesterday. The company also agreed to buy 1.75 million of its shares from Blackstone.