Imagicaaworld Entertainment temporarily shuts theme park and water park w.e.f Jan. 10

As per State Government orders on account of COVID-19 third wave, Imagicaaworld Entertainment has intimated that its Theme Park and Water Park will remain temporarily non-operational from 10 Jan. till it receives appropriate orders to re-open.

However, the hotel property shall continue to operate, in accordance with the state guidelines.

Imagicaaworld Entertainment reported a net loss of Rs 79.37 crore in the quarter ended September 2021 as against net loss of Rs 67.99 crore during the previous quarter ended September 2020. Sales rose 111.66% to Rs 4.72 crore in the quarter ended September 2021 as against Rs 2.23 crore during the previous quarter ended September 2020.

Shares of Imagicaaworld Entertainment skid 0.80% to Rs 11.13 on BSE. Imagicaaworld Entertainment, formerly Adlabs Entertainment operates themed entertainment destination. The company's Imagicaa destination includes a theme park, a water park and a premium hotel.

Imagicaa Water Park located adjacent to the Theme Park in Khopoli, is a Mykonos-themed Park and includes slides, including gravity-defying solo loops & fun-for-the-group mat racers, and restaurants serving food & drinks.

India reported 1,68,063 new cases in the last 24 hours. The daily positivity rate stood at 10.64%. The country's active caseload currently stands at 8,21,446. Active cases stands at 2.29% and recovery rate currently stands at 96.36%. There were 69,959 recoveries in the last 24 hours, which increases total recoveries to 3,45,70,131.

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