The Government of Hong Kong has announced that it has entered into talks with American entertainment giant Walt Disney Company over financial options at its theme park in the former British colony after recent poor performances.
Frederick Ma, Secretary for Commerce and Economic Development, stated that the Government had begun discussions on the park's expansion and was carefully examining its financial arrangements including a possible cash injection.
However, he expressed concerns over Hong Kong Disneyland’s unsatisfactory performance and stated that a cash injection was not a certainty as the Government was still assessing its financial prospects.
'The Government will carefully consider the merits and demerits of various financing options including the possibility of a government injection and the carrying out of preliminary feasibility assessments,' said Ma.
'The discussion is still at an initial stage and no agreement has yet been reached.'
Ma stated that the Government would make a decision after taking into account the economic benefits to the territory and the development of other large-scale tourist attractions in the region.