Siam Amazing Park Owner Eyes $10B Sale After Floods
The owner of Siam Amazing Park, formerly known as Siam Park City, may sell the entire business for 10 billion baht after the amusement park suffered nearly 500 million baht in damage from Bangkok’s worst flooding in its history. Dr. Chaiwat Luang-ammornlert, chairman and founder of Siam Amazing Park, said on 3 October that almost […]
The owner of Siam Amazing Park, formerly Siam Park City, may sell the entire business for 10 billion baht after the amusement park suffered nearly 500 million baht in damage from Bangkok's worst flooding in its history. Dr. Chaiwat Luang-ammornlert, chairman and founder, said on 3 October that almost all of the park's rides had been submerged and damaged by floodwaters. The flooding also caused losses involving animals at the park and affected employees' income. He said the damage was estimated at nearly 500 million baht and that he had been unable to sleep for seven days after seeing the damage to what he had built over the years. He could not afford the repair costs alone and was seeking bank financing and government assistance. If sufficient assistance cannot be secured, he may decide to sell the business for 10 billion baht, including its rides and employees. Staff have been working around the clock to pump water from the park, which has now dried out. Chaiwat continues to visit the site to monitor recovery efforts. Siam Amazing Park is a major amusement and water park on Suan Siam Road in Khan Na Yao district, Bangkok. The complex covers about 300 rai and is known for its large artificial sea, recognised by Guinness World Records. The park opened on 19 November 1980 as Siam Park City, initially a water park before expanding into an amusement park with rides from the former Happyland. Today it features a water park, amusement rides, water slides, a looping water ride, roller coasters and nearly 40 other attractions. The park hopes to reopen after the flooding, but Chaiwat estimates repairs and restoration will take at least three to six months.
