Source - LSE Regulatory
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

David Marks

 

 

Tel + 44 (0) 207 220 1666

WH Ireland Limited

(Nomad and Joint Broker)

 

 

Adrian Hadden 

Darshan Patel

Matthew Chan

 

 

Tel + 44 (0) 207 220 1666

Alvarium Capital Partners

(Joint Broker)

Alex Davies

Tel: +44 (0) 207 195 1458

 

Shard Capital Partners LLP

(Co-Broker)

Damon Heath

Erik Woolgar

 

Tel: +44 (0) 20 7186 9900

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