The Dolphin Discovery Group, which owns dolphinariums in Cancun, Isla Mujeres, Cozumel, Riviera Maya, Puerto Aventuras, Mahahual, Playa del Carmen, Akumal, Nuevo Vallarta, Punta Cana, Miami, Ocho Rios, Montego Bay, and other Caribbean islands, has filed for bankruptcy. The business, led by president Eduardo Albor, has accumulated liabilities surpassing $200 million.
This debt includes funds from Prudential Insurance, Cigna Insurance, and Life Insurance. As a result, Gerardo Badín has been appointed as the examiner. The Dolphin Discovery Group is recognized as one of the largest dolphinarium groups globally, but it has been experiencing a decline in recent times.
This downturn appears to be linked to the upcoming expiration of the Miami Seaquarium contract in April 2024 and the subsequent eviction. The company is also dealing with several lawsuits and countersuits. Notably, in 2023, the famous orca Lolita passed away in Miami, sparking controversy.
According to REPORTUR.mx, the Dolphin Company's parks, including Ventura Park, have seen a significant decrease in tourist numbers since the summer of 2024. To counteract this, the company has been utilizing promotional strategies for themed events and family packages to attract more visitors.
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