Dreamworld share price plummets in wake of tragedy

Craig Davidson believes the Gold Coast theme park's "track record has been consistently good".

"I would in particular like to acknowledge Theme Parks CEO Craig Davidson, with whom I have spent the much time at Dreamworld and who has done a tremendous job under such hard and unprecedented circumstances".

Ms Thomas was then told the Dorsett family were actually watching the press conference and were furious at nay suggestion they had been offered support.

New Zealand-born Cindy Low, 42, was killed along with Australians Kate Goodchild, her brother Luke Dorsett and his partner Roozbeh Araghi when the Thunder River Rapids Ride malfunctioned on Tuesday.

Mr Dorsett and Ms Goodchild's mother Kim Dorsett said her devastated 12-year-old granddaughter was blaming herself for the tragedy.

Ardent Leisure - the parent company that owns Dreamworld - is holding its annual general meeting in Sydney today.

More news: Geno Smith Injury: Jets QB Reportedly Tore ACL In Win Over Ravens

Chief executive Craig Davidson said the firm was "deeply shocked and saddened by this and our hearts and thoughts go to the families involved and their loved ones".

He told the meeting everyone at the company was grieving and "very much affected by the seriousness of this bad accident".

"I hope that I will be able to help them and if I can't help them personally, we will make sure we have everything in place to assist them through this tragedy".

"I have three children and have lost two of them.my whole family has been wiped out".

'People have a perception about a culture of fear and intimidation within the workplace, ' Queensland union secretary Ben Swan told Radio 2UE.

The park will open its gates for a memorial on Friday, opening smaller rides, animal attractions and its water park.

More news: Twitter plans to cut about 300 more jobs

"Four people died very recently, and we are all shattered by this", Ms Thomas said.

In the UK, Merlin Entertainments Plc, operator of the Alton Towers theme park in central England, was last month fined £5 million (S$9.02 million) by a court over a roller coaster crash past year that caused two people to lose limbs.

The park will now stay closed until at least Monday.

"It's also a place were people are employed, so i'm really hopeful that there is a pathway forward that enables the company to continue to operate that facility".

One note from an October 2012 inspection found that air compressor units on rides - including the Thunder River Rapids - were deemed "not fit for service" while some needed repairs and replacement parts.

"It's driven by the utmost respect for the families and the deaths".

More news: Halep cruises to win over Keys in opening WTA Finals match

Related:

  • Palisade Asset Management Lowers stake in Walgreens Boots Alliance Inc (WBA)

    Palisade Asset Management Lowers stake in Walgreens Boots Alliance Inc (WBA)

    The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. Mean EPS estimate for the Current Quarter is placed at $1.13 and mean EPS forecast for the Current Year is set at $5.05.
    7-month-old Kidnapped in Guerneville

    7-month-old Kidnapped in Guerneville

    Sheriff's officials said she believed her daughter, 35-year-old Hannah Ruth Ashley, had come to the home and taken the boy. Henry Massey, 7 months, was last seen Sunday, Oct. 23 in Guerneville, California, about a five-hour drive from Susanville.

    Philip Rivers: It was huge to win a close game late

    The Falcons could not stop San Diego running back Melvin Gordon all game, as he totaled 121 and three touchdowns. Green's one-handed catch in the middle of an end zone scrum highlighted host Cincinnati's day full of big plays.
  • Fresh fighting in Aleppo as ceasefire ends without evacuations

    Fresh fighting in Aleppo as ceasefire ends without evacuations

    Also Friday, UN experts said the Syrian army was responsible for a March 2015 chemical weapons attack on the village of Qmenas. Syrian state media accused rebels of preventing people from leaving the opposition-held side of the city.
    Luzerne County pumping out absentee ballots

    Luzerne County pumping out absentee ballots

    Although the ballots have only been out for two days, some voters have turned their ballot in, in the wrong election envelope. Felicidad Ogumoro, House Bill 19-204 proposes to extend the deadline to 14 calendar days after the November 8 elections.
    Five dead in wrong way crash

    Five dead in wrong way crash

    Thomas said the vehicle traveling northbound carrying four had no time to dodge the wrong-way vehicle driving toward them. The crash happened near exit 3 on the northbound side just after midnight.
  • Power outage from Rizzo, Russell costs Cubs against Kershaw

    Power outage from Rizzo, Russell costs Cubs against Kershaw

    There's not much more that I can say about this one. "You're going to close this thing out, '" Grandal said . Urias rebounded to go 5-2 in his rookie season with a 3.39 ERA in 18 appearances, 15 of them starts.

    Kim Kardashian Turns 36

    In the video, the alleged five robbers, three on bicycles and two on foot, start approaching Kin's apprtment complex at 2:19pm. Kardashian has said she was shocked to learn Trump made remarks about her during her 2009 stint on "The Celebrity Apprentice".
    Marquez on pole for Australian MotoGP

    Marquez on pole for Australian MotoGP

    Britain's Cal Crutchlow has won the Australian Grand Prix while newly crowned world champion Marc Marquez crashed out on Sunday.
  • US OKs first-line use of Merck's Keytruda in lung cancer

    US OKs first-line use of Merck's Keytruda in lung cancer

    Sales of drugs and vaccines for pets and livestock increased 5% to $865 million, helped by flea-and-tick treatment Bravecto. Excluding restructuring and acquisition-related costs and other items, per-share earnings rose to $1.07 from 96 cents.
    Spain's acting prime minister set to end political stalemate

    Spain's acting prime minister set to end political stalemate

    Rajoy himself acknowledged how hard his new mandate would be compared to when he took power in 2011 with an absolute majority. As it stands, Mr Rajoy has the support of 170 parliamentarians - 137 of them from his own party.
    Kickers miss short field goals, Seahawks, Cards tie 6

    Kickers miss short field goals, Seahawks, Cards tie 6

    Russell Wilson had done nothing worthwhile for the Seahawks after 60 minutes, but he rebounded well in overtime. The normally automatic Seahawks kicker, who has had problems in Arizona for years, was haunted by them again.

Comments

Latest news

Chip Maker Qualcomm Buying NXP Semiconductors in $47B Deal
Aberdeen Asset Management PLC UK increased its stake in shares of NXP Semiconductors NV by 19.1% in the second quarter. The Company's segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.

Twitter to lay off 9% of its workforce, beats Wall Street expectations
Revenue rose about 8 per cent to US$616 million (RM2.5 billion), beating its own forecast of US$590 million to US$610 million. The company says its average daily active usage grew seven per cent year-on-year but declined to clarify what the number is.

Jose Mourinho's snub of Henrikh Mkhitaryan at Manchester United branded "unbelievable"
They will play city rivals, Manchester City on Wednesday in the English Football League (EFL) Cup Round of 16 fixture. The Armenian worldwide moved to Old Trafford from Borussia Dortmund for £30million in July.

Broncos RB C.J. Anderson has right knee injury
Booker had been building a bigger role in the offense before he burst out for 83 yards and a touchdown on 17 carries Monday night. Anderson will reportedly be out " at least a few weeks " after injuring himself early in Monday night's game against the Texans.

Cowboys Rack Up $54000 Tab at Rookie Dinner
But if they give Dak some time to develop chemistry with Dez, the Cowboys offense can become even more risky than it already is. Wentz was picked second overall has been just as impressive, with eight touchdown passes and three interceptions.

Trump launches nightly Facebook show to skirt 'media filter'
There was a news scroll at the bottom of the newscast, but there was also a button to donate to Trump's campaign . Clinton's campaign also produced a podcast in which the candidate talks directly to voters.

Cleveland Indians Hosts Chicago Cubs In Game 1 of World Series
It's a quote that has stuck with Los Angeles Dodgers fan Marcos Meza for decades: "Chicago Cubs". Michael Lee said, "Chicago Cubs".

Students rockin' Red Ribbon Week
Monday's outfit theme was "drugs are despicable", and students dressed up as minions, characters from the movie "Despicable Me". The essence of Red Ribbon Week stems from the kidnapping, torture and murder of DEA agent Enrique "Kiki" Camarena in 1985.

Jim Harbaugh goes with the Woody Hayes-Malcolm X-Michael Douglas look
Completing the shift of power inside the state will exorcise more demons than just one punt attempt gone horribly wrong. The weight towards more recent games should also hurt Michigan State , as the markets have adjusted to their decline.

Angelique Kerber outsmarts Simona Halep — WTA Finals
If there's anybody who can get back on track and stay focused, I think it would be the fiery Cibulkova. The defeat will hit Berdych's hopes of reaching next month's ATP Finals in London.

Curt Schilling Baffled By Jewish People, Asks Jake Tapper To Explain
He said the Democrats of the last 50 years have been "so clearly anti-Israel, so clearly anti-Jewish-Israel". Earlier this year, Schilling announced plans to vote for Trump.

AT&T agrees to buy Time Warner for more than $80B
Time Warner's assets, particularly HBO, sports programming and Warner Bros., are highly prized by other media companies. In one of the biggest media mergers of all time , AT&T and Time Warner have agreed to an $85 billion deal.

Mourinho accused Conte of humiliating United
Yesterday saw United's six-game unbeaten run in all competitions come to a spectacular end as Chelsea won 4-0 in the Premier League at Stamford Bridge.

James Gunn Responds To Tim Miller Leaving Deadpool 2
Much like Hugh Jackman with Wolverine and Robert Downey Jr. with Iron Man , Reynolds's career found new life with Deadpool . Deadline reported over the weekend that Miller has now vacated the director's chair for the upcoming sequel to Deadpool .

Orgeron has 25th-ranked LSU on roll
In the end, the Tigers held the SEC's number one passing attack to just 209 yards or 120 yards below their average. We are taking the points in this game against an LSU team that is just 2-4 against the spread this season.

Other news