News Snapshot:
Hong Kong’s Ocean Park has slumped into a HK$31.8 million (US$4 million) deficit after posting a HK$1.92 billion surplus just a year earlier, even with the government pumping large sums of cash into the attraction. The net deficit was revealed on Wednesday in the theme park’s 2020-21 annual report, which showed it had received HK$1.45 billion of public funds to mitigate costs arising from coronavirus-related closures. Revenues nearly halved year on year and visitor numbers were down by more than a third, according to the report covering the 12 months to June 30, as the ailing park struggled through the...
