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FOR IMMEDIATE RELEASE https://ir.cedarfair.com Cedar Fair . Entertainment Company NEWS RELEASE Exhibit 99.1 Contact : Investor Relations Michael Russell , 419.627.2233 CEDAR FAIR REPORTS 2021 FIRST QUARTER RESULTS • • • All U.S. properties scheduled to reopen in May Business optimization initiative projected to drive superior results and enhanced value in the business First - quarter cash burn better than expected SANDUSKY , Ohio ( May 5 , 2021 ) -- Cedar Fair Entertainment Company ( NYSE : FUN ) , a leader in regional amusement parks , water parks and immersive entertainment , today announced results for its first quarter ended March 28 , 2021 . " In our business , few things are more exciting and rewarding than reopening our parks each year for another FUN - filled season , " said Cedar Fair President and CEO Richard A. Zimmerman . " We are pleased that all of our U.S. properties are ready to reopen in May , and we can't wait to welcome back our guests , including our loyal season pass holders , many of whom may be returning for the first time since 2019. We anticipate strong pent - up demand for close - to - home , outdoor entertainment , and are committed to resuming normal park operations as quickly as possible so friends and families can enjoy our unique brand of large - scale entertainment . " As always , the safety and welfare of our guests and associates is our highest priority , " added Zimmerman . " In addition to preparing for the 2021 season , our team remains focused on long - term value creation , " continued Zimmerman . " Over the course of the past year , we have been taking actions to transform our business into a more efficient , consumer- focused , and profitable company . Combined with the strategic initiatives we began to implement several years ago to broaden and enhance the guest experience , we expect our business optimization program will help drive superior results and enhanced value in the business for both our guests and our investors . " First Quarter 2021 Results While the COVID - 19 pandemic had a material impact on the Company's 2021 first quarter results , as previously announced the Company has established a 2021 operating strategy designed to maximize results for its seasonally weighted second half . Cedar Fair Entertainment Company - One Cedar Point Drive , Sandusky , Ohio 44870 419.627.2233