Saudi Prince Fahd al-Saud booked parts of the theme park near Paris for the weekend of May 22-24, to celebrate his graduation.
For $19.5 million, Al-Saud’s party included more than 60 guests, special security and the appearance of “rare Disney characters” like Roger and Jessica Rabbi
But even the prince’s lavish party wasn’t enough of a boost for the ailing company, which has not coughed up a profit since 1992.
Euro Disney lost 120.9 million euros ($156 million) in the first half of fiscal 2012, compared with a loss of 99.5 million euros ($130 million) in the same period a year earlier
I – Word Understanding
Lavish Party – extravagant celebration.
Boost – help or encourage.
Fiscal – a government policy for dealing with the budget (especially with taxation and borrowing).
II – Have your say
1.Powerful Saudi royals can be seen living it up on the French Riviera. They fly on private jets, buy the finest jewels and dine at exclusive restaurants.Many people may ask why Saudi Royals are extemely rich.
2.The Bin Laden conglomerate “wants to turn Mecca into Las Vegas”. It is a part of Saudi Arabia’s plan to establish six economies. It has caused outraged in Saudi Arabia due to destruction of their historical and cultural heritage.
3.Euro Disney celebrates 20th year anniversary. The company is hoping its 20th anniversary events will boost revenue.
