EXHIBIT 99.1



      Six Flags to Explore Strategic Options for Six Properties - Buffalo,
                Concord, Denver, Seattle, Houston and Los Angeles

                Company Provides Mid-Quarter Update on Operations


New York, NY - June 22, 2006 - Following a comprehensive review of the Company's
assets, Six Flags, Inc. (NYSE: SIX) today announced its decision to explore
potential strategic options with respect to six of its properties. The
properties are: Six Flags Darien Lake (outside Buffalo, New York); Six Flags
Waterworld (Concord, California); Six Flags Elitch Gardens (Denver, Colorado);
Wild Waves and Enchanted Village (outside Seattle, Washington); Six Flags
Splashtown (Houston, Texas); and Six Flags Magic Mountain and Hurricane Harbor
(near Los Angeles, California).

Although the Company cannot predict when, or if, any specific transaction will
occur with respect to these properties, potential options include a sale of the
parks as going concerns in a single transaction or a series of transactions,
dismantling and re-utilizing certain rides and attractions and selling the
underlying land for real estate development purposes, as well as other potential
alternatives.

In March, the Company's new management indicated that a key strategic initiative
was to evaluate the disposition of non-core assets in order to reduce leverage
and focus management resources on the Company's parks that have the highest
strategic value.

Since March, the Company:

o Sold the land where Six Flags Astroworld was located for an aggregate purchase
price of $77 million;

o Agreed to sell the assets of the Columbus, Ohio water park to the Company's
lessor, the Columbus Zoo, for $2 million at the end of the lease term (October
31, 2006);

o Exercised the right to terminate the lease of the Sacramento water park
following the 2006 season and is currently in discussions with third parties to
sell the rides and attractions at that park;

o Announced that it would be selling its two Oklahoma City parks, and has
received multiple bids that the Company is currently evaluating; and

o Is actively marketing certain parcels of excess land at its parks in Gurnee,
Illinois and Eureka, Missouri.

"We're making progress with our strategy to focus on the growth of our strongest
assets, reduce the Company's debt, and generate increased value for our
shareholders," said Mark Shapiro, who was named President and Chief Executive
Officer of Six Flags in December 2005.


Update on Operations[1]

As previously scheduled, today the Company also provided an update on its
business performance through the end of May and through June 18th, which
includes the first three weeks in which all of its parks have been in full-time
operation.

For the period through May 31, total revenues were up approximately 1%, or $2.6
million, compared to the same period last year, driven by a strong increase in
guest spending and offset by a decline in attendance. Per capita guest spending,
which excludes sponsorship and other revenues not related to guest spending, was
up approximately 15%, an increase of $4.47 per capita, due to increased spending
on tickets, food, parking, merchandise, and games. Attendance declined by
approximately 760,000, or 11%.

For the period through June 18, which captures the most recent weekend in June,
total revenues were down approximately 1%, or $3.2 million, compared to the
prior year period. Per capita guest spending was up approximately 14%, an
increase of $4.12 per capita, and attendance was down approximately 1.3 million,
or 13%, driven primarily by reduced season pass attendance.

"Increased guest spending is continuing at a strong pace - a clear indication
that our strategy is working. The drop-off in attendance was driven primarily by
an anticipated decline in our season pass sales, which we are no longer deeply
discounting in an effort to restore price and brand integrity, and to wean
ourselves from those teens who don't spend money in the park," said Shapiro.

"What has been unexpected thus far is that the families we are targeting to
replace those teens have been harder to attract than anticipated. Make no
mistake about it, families are coming back - as evidenced by our solid increase
in per capita guest spending - but not as quickly as we had hoped. We have to
work even harder to regain their trust and bring them back to sample today's Six
Flags."

Shapiro noted that attendance was also negatively impacted by the season-long
closure of the New Orleans park due to damage it sustained from Hurricane
Katrina, reduced visits to the Six Flags park in Mexico City by school groups,
reduced and delayed marketing expenditures, rides that came on-line late, and
weather on the West Coast in the first quarter and on the East Coast in May.

To accelerate the Company's turnaround with its target audience, Mr. Shapiro
also said the Company plans to further increase its cash operating expenses by
$15 million above prior guidance (to approximately $60 million) over the course
of the year. These increased expenditures are primarily for additional staffing
in the parks to further improve the guest experience.

Given the Company's performance to date, recent attendance trends, and the
additional $15 million of cash operating expenses, reaching the prior adjusted
EBITDA guidance will be extremely difficult. And although the second quarter is
not complete, the Company is at risk of not complying with certain financial
covenants in its bank credit agreement. The Company is in discussions with the
agent bank and intends to seek amendments to those covenants.

Mr. Shapiro said, "We're investing more in our operations because the health of
our business depends on bringing back families. Our first priority is to fix the
operation and that is not going to happen overnight. We see this as a long-term
investment."


About Six Flags

Six Flags, Inc. is the world's largest regional theme park company. Founded in
1961, Six Flags is celebrating its 45th Anniversary in 2006. It is a
publicly-traded corporation (NYSE: SIX) headquartered in New York City.


Forward Looking Statements:

The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act. These statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such statements.
These risks and uncertainties include, among others, Six Flags' success in
implementing its new business strategy. Although Six Flags believes that the
expectations reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to have been correct.
Important factors, including factors impacting attendance, such as local
conditions, events, disturbances and terrorist activities, risk of accidents
occurring at Six Flags' parks, adverse weather conditions, general economic
conditions (including consumer spending patterns), competition, pending,
threatened or future legal proceedings and other factors could cause actual
results to differ materially from Six Flags' expectations. Reference is made to
a more complete discussion of forward-looking statements and applicable risks
contained under the caption "Cautionary Note Regarding Forward-Looking
Statements" and "Risk Factors" in Six Flags' Annual Report on Form 10-K for the
year ended December 31, 2005, which is available free of charge on Six Flags'
website http://www.sixflags.com.
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Contact:
Wendy Goldberg - (212) 652-9393


[1] The information for the periods ended May 31 and June 18 include the
operations of our parks in Oklahoma City, Oklahoma; Columbus, Ohio; and
Sacramento, California. These parks are classified as Discontinued Operations in
our financial statements.