Exhibit 99.2



FOR:                       SIX FLAGS, INC.

CONTACT:                   Jim Dannhauser, Chief Financial Officer
                           122 East 42nd Street
                           New York, NY  10168
                           (212) 599-4693

KCSA:                      Sarah Shepard/Joseph A. Mansi
CONTACT:                   (212) 682-6300 ext.  226/205
                           WWW.KCSA.COM

                SIX FLAGS COMMENCES OFFERING OF NEW SENIOR NOTES
                         TO REPAY EXISTING INDEBTEDNESS

         NEW YORK, January 31, 2002 - Six Flags, Inc., (NYSE: PKS) announced
today that it has commenced an offering of approximately $480 million of senior
notes, pursuant to Rule 144A and Regulation S under the Securities Act of 1933,
as amended.

         The net proceeds of the offering will be used to repay principal and
premium on all $280 million aggregate principal amount of Six Flags' 9-1/4%
senior notes due 2006 and all $170 million aggregate principal amount of 8-7/8%
senior notes due 2006 of its primary operating subsidiary, Six Flags Operations
Inc. Six Flags intends to call the existing notes for redemption immediately
following the closing of the offering of its new senior notes, and to redeem the
existing notes on April 1, 2002, the first date on which the existing notes are
permitted to be redeemed in accordance with their terms.

         The securities to be offered have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States,
except pursuant to an applicable exemption from such registration requirements.


SIX FLAGS/2


         Six Flags is the world's largest regional theme park company, currently
with thirty-seven parks throughout North America and Europe.



                                      # # #



THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
ANY SECURITIES, NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE WHERE
SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE.

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 EXCHANGE ACT. THESE
STATEMENTS MAY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN SUCH STATEMENTS. 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.

THIS RELEASE AND PRIOR RELEASES ARE AVAILABLE ON THE KCSA PUBLIC RELATIONS
WORLDWIDE WEBSITE AT WWW.KESA.COM