Dubai firm pays USD 7.5M for cancelling Six Flags park plans

A Dubai firm will pay USD 7.5 million to Six Flags after abandoning plans to build a version of the US amusement park in the United Arab Emirates amid a slowdown in the economy.

DXB Entertainments, which runs Dubai Parks & Resorts, said Tuesday it agreed with Texas-based Six Flags Entertainment Corp. to pay the amount as "a right of first refusal."