Nevada re-opening draws optimism for bounce-back

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: [phone]

Shard Capital Partners LLP (Co-Broker)

Damon Heath Erik Woolgar

Tel: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

 

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