Legoland Dubai Owner Resets Visitor Targets, Restructures Debt
- DXBE no longer setting 6.7 million visitors as base, CEO says
- Company gets new shareholder bond, delays on bank payments
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DXB Entertainments is reorganizing debt and resetting targets on the number of visitors to its Legoland and Sony Pictures theme parks in Dubai after numbers fell short in 2017.
"The projection of 6.7 million visitors for 2017 is not the base we are going forward with anymore," Chief Executive Officer Mohamed Almulla told Bloomberg in a phone interview on Monday. “Such numbers are achievable, but not in the short term," he said, without giving a timeframe.