SeaWorld Entertainment Inc. said Tuesday it will spend $175 million to open new theme park attractions in 2017, including a new orca presentation in San Diego, a virtual reality experience in Orlando and new thrill rides at three theme parks. The new orca presentations are aimed at educational encounters rather than theatrical shows, and will launch in San Diego next year and expand to Orlando and San Antonio by 2019. "In developing new experiences we want guests to have fun, but also be inspired, and our parks are uniquely suited to create meaningful and fun vacations," said Chief Executive Joel Manby. The stock, which was still inactive in premarket trade, has plunged 32% year to date while the S&P 500 has gained 5%.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.