The future of Dolphin Cove is now uncertain after its parent company, World of Dolphins, which owns an 80% stake, filed for Chapter 11 bankruptcy in the United States.
This filing followed an insolvency declaration made recently by its intermediate parent company, Dolphin Discovery, in Mexico.
The bankruptcy filings coincide with a 40% tumble in Dolphin Cove's profits to US$1.8 million this year from US$3 million US last year, while shareholders' equity dipped to US$31 million from US$32 million.
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