Immotion Group PLC Ocean Explorer opens at Mandalay Bay in Las Vegas (0031V)
August 04 2020 - 2:00AM
UK Regulatory
TIDMIMMO
RNS Number : 0031V
Immotion Group PLC
04 August 2020
Immotion Group plc
("Immotion Group", the "Company")
Immotion's Ocean Explorer opens at Mandalay Bay in Las Vegas
Immotion Group, the UK-based immersive entertainment group, is
pleased to announce its largest installation to date, 'Ocean
Explorer Virtual Reality Theater' in Shark Reef Aquarium at
Mandalay Bay Resort and Casino, opened on 1 August.
The Ocean Explorer installation is a 36-seat VR theatre complete
with a full immersive pre-show area, including a number of new
attractions, including 'Shark Tracker,' 'Songs of the Sea,'
'Humpbacks Revealed' and the 'Shark Cage Selfie Snap' booth.
The fee for the VR experience will be set at $9 per guest, which
is included in the standard aquarium ticket package.
Historically, Shark Reef Aquarium has enjoyed in excess of
500,000 visitors per annum purchasing the standard aquarium ticket
package.
Following the pandemic, a timed-entry ticketing system has been
introduced at Shark Reef to facilitate social distancing.
Nevertheless, we are pleased to report the aquarium is currently
welcoming circa 1,000 visitors per day.
On the back of the Ocean Explorer opening at Mandalay Bay,
enquiries for larger installations are continuing. A growing number
of potential opportunities are in discussion and we expect to focus
our efforts in this area as we move forward. The opening will, we
are sure, prove to be a great exemplar of what can be achieved.
We hold sufficient levels of fully paid-up stock, including
motion platforms, and VR headsets to cover installs for the
foreseeable future.
The opening of the venue at Mandalay Bay is a major milestone
for the Company; together with our other re-opened Partner sites
should deliver meaningful contribution and help signifcantly reduce
the cash burn we have experienced in lockdown. We remain focused on
cash and cost control whilst carefully seeding future
opportunities.
Martin Higginson, Immotion Group plc CEO, said: "The opening of
our flagship 'Ocean Explorer' immersive centre at Mandalay Bay is
major milestone. We trust it will be a great addition to the Shark
Reef experience and a major success for both parties."
"Our team has worked incredibly hard to get this site delivered
in a challenging environment, for which I thank them. This new
immersive centre looks truly amazing and will I am sure be a great
showcase for how we can offer larger immersive attractions to
potential partners."
"We are committed to delivering the very best in immersive
edutainment solutions, and despite the current difficult
environment, we are determined to succeed and we will continue to
do all within our powers to deliver. I am incredibly proud of the
team we have developed at Immotion and they too are as determined
as I that we deliver success."
"I look forward to updating the market on further progress in
the coming weeks."
Enquiries:
For further information please visit www.immotion.co.uk , or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161
235 8505
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Joint Broker)
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1433
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END
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