Immotion Group PLC Nevada re-opening draws optimism for bounce-back (6509W)
April 27 2021 - 2:00AM
UK Regulatory
TIDMIMMO
RNS Number : 6509W
Immotion Group PLC
27 April 2021
27 April 2021
Immotion Group plc
("Immotion", the "Company" or the "Group")
Nevada re-opening draws optimism for bounce-back
Immotion Group, the UK-based immersive entertainment group, is
pleased to announce that with effect from 1 May 2021, the Las Vegas
Strip, home to Immotion Group's flagship VR Theatre installation,
'Undersea Explorer' at Shark Reef Aquarium (Mandalay Bay Resort and
Casino), will be allowed to expand all attractions from 50% to 80%
capacity per the local Clark County Commissioner. In addition, the
Nevada State Governor has declared his intention to open the entire
State of Nevada back to 100% capacity on 1 June 2021.
This will be the first time that Immotion's 36-seat 'Undersea
Explorer' Virtual Theatre has had the opportunity to raise its
capacity beyond the 50% level since its opening in August 2020, so
the potential increase in revenue from 1 May 2021 and through the
summer months could be material.
Group Commercial Director, Rod Findley, said: "With the
pandemic's impact on our business on the wane, especially in the
US, we had always hoped for a good summer for our Las Vegas venue,
but with the County and State's proactive moves on re-opening over
the past weeks, we believe we will have the conditions in place for
a very strong bounce-back."
Enquiries:
For further information please visit www.immotion.co.uk , or
contact:
Immotion Group Martin Higginson Tel + 44 (0) 207
David Marks 220 1666
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1458
(Joint Broker)
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Co-Broker)
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the Market Abuse Regulation (EU) No. 596/2014 as amended by The
Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the
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END
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