Cineplex to open “largest-ever” adults-only, VIP Cinemas in Toronto

Cineplex to open “largest-ever” adults-only, VIP Cinemas in Toronto

Cineplex Entertainment (TSE:CGX) Monday announced the “largest-ever” expansion of the company's VIP Cinema concept.

The company said that Toronto will be home to Canada's first standalone VIP Cinema at Shops at Don Mills, while also adding VIP Cinemas at SilverCity Yonge-Eglinton Cinemas and Cineplex Odeon Queensway Cinemas.

Cineplex Odeon Don Mills VIP Cinemas will be a first-of-its-kind, 21,000-square-foot, five screen VIP Cinema, featuring valet parking, the company said, adding that the newly constructed theatre is expected to open in late 2014.

The VIP Cinemas will be open to adults only and offer menu service at your seat, as well as licenced auditoriums, and a licenced lounge.

Further, the company said that the new cinemas will offer larger seats, as well as an expanded menu that includes traditional movie snacks and specialty appetizers.

“We are pleased to offer our Toronto guests access to the best movie-going experience in Canada, bar none," said president and CEO Ellis Jacob.

“VIP Cinemas have been exceptionally well received by our guests in other markets and we know they will be a huge hit with movie-goers in Toronto.”

The SilverCity Yonge-Eglinton Cinemas will see a 13,000-square-foot expansion to add three VIP auditoriums to the existing nine auditorium facility. The theatre will remain open during construction, with the addition forming part of the larger Yonge-Eglinton Centre expansion.

The company noted that the theatre will be rebranded as Cineplex Odeon Yonge-Eglinton and VIP Cinemas and will open in late 2014.

The Cineplex Odeon Queensway and VIP Cinemas will feature five VIP auditoriums and 15 traditional auditoriums, adding approximately 12,000 square feet of theatre space. The theatre will remain open during construction, and is expected to open in late 2013.

Cineplex currently operates five VIP Cinemas - in Coquitlam, British Columbia; Edmonton, Alberta; London, Ontario; Oakville, Ontario and at its Toronto Cineplex Odeon Varsity and VIP Cinemas. The company also previously announced plans to open a VIP Cinema as part of the downtown Markham, Ontario development.

Headquartered in Toronto, Cineplex operates 133 theatres with 1,438 screens from British Columbia to Quebec, serving approximately 70 million guests annually.

Shares of Cineplex were lately flat at $28.87.

View full CGX profile View Profile

Cineplex Timeline

Newswire
November 05 2013

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © 2ndrangers.us, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated.