Dreamland shares surge 22.14% intraday as park announces Scenic Railway closure and plans for future reinvention.

Dreamland surged 22.14% intraday following the announcement that its historic Scenic Railway would close permanently but would be redeveloped. The 100-year-old rollercoaster, a flagship attraction, was retired after extensive consultations with heritage bodies and safety inspections. While the closure sparked public outrage, Dreamland emphasized plans to reinvent the structure as a heritage exhibit and explore new uses, inviting public input. Investors may have interpreted the move as a strategic pivot to preserve the asset’s cultural value while potentially attracting future revenue streams through alternative offerings. The decision, though marking the end of its operation as a ride, was framed as a long-term investment in the park’s legacy, aligning with market optimism around creative revitalization efforts.