Village Roadshow Ltd (ASX: VRL) shares were down 12% today at the time of writing after the company downgraded its FY 2018 earnings expectations due to challenging trading conditions experienced in their Theme Parks and Cinema Exhibition divisions.
The company expects FY 2018 net profit after tax to be in the range from a $10 million loss to break even.
It appears the Commonwealth Games on the Gold Coast have not significantly increased attendance at the company's Warner Bros. Movie World or Sea World theme parks. I presume that experience was the same at Dreamworld which is owned by Ardent Leisure Group (ASX: AAD) which had its shares down 2%. Event Hospitality and Entertainment Ltd (ASX: EVT) shares were also down 1.7%.
Personally, my pick in the broader ASX leisure and entertainment category would be high growth gaming company Aristocrat Leisure Limited (ASX: ALL). I'm also a big fan of these three disruptors.
