Why is there no Nintendoworld themepark?

Nintendo could put Disney world out of business (well , certainly not , but they could be a serious competitor).

seriously , who cares about Mickey mouse or Donald duck ? nowadays it's all about Mario , Luigi , Peach , link , princess Zelda , Donkey kong and the countless of Nintendo characters, imagine a theme park modeled after the Mushroom Kingdom , or another after the Hyrule kingdom with the Hyrule castle standing in the middle piercing the sky. wouldn't that be wonderful ?

with the billions they are making now , Nintendo can totally afford it , they could just hire a contractor to do the work for them .

Disney characters are so yesterday, they are not relevant anymore with the newer generation .most kids in past years grew up playing Mario and Zelda games which makes them more popular than Mickey & co

so , Nintendo , here's another cash cow , and it's right before your eyes.

They could, but honestly sonic and mario need a break xD
Though I bet it could work if done right, or more like as long as they don't mess up

Shigeru ahs said it is not entirely impossible but they rather for now focuss in what they already know how to do. Let's not forget Nintendo didn't start as a videogame company it comes way before that and it is a 'entertainment' business so it is really not out of teh window.

With a game like Nintendo land being created it seems that Nintendo has considered the idea themselves, even if they have not really acted upon it.