Ardent Leisure (AAD) owns and operates a number of leisure focused facilities most notably Dreamworld and WhiteWater World on the Gold Coast

James Marlay
James Marlay Livewire Markets

Ardent Leisure (AAD) owns and operates a number of leisure focused facilities most notably Dreamworld and WhiteWater World on the Gold Coast. The stock has been highlighted as a potential beneficiary of a falling AUD and a recovery in the East Coast economy via business and consumer confidence. The Company today drew attention to a release from the QLD Government outlining a $15million plan to attract tourism to the Gold Coast. If the recent long weekend in Sydney and the masses that attended the Fleet Review is any indicator I would say tourism is well and truly back on the agenda for the eastern states. AAD has a mkt cap of around $750 milion and offers a yield of around 6.5%. Click through for the full media release (VIEW LINK)

Australia tourism dreamworld

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