News: Finance
Infinite Cycle studios close as chain falls into liquidation
Infinite Cycle, once described as Australia’s largest indoor cycling franchise, is being wound up with liquidators appointed to the master franchise business. Three years after…
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Amateur boxing organisation among recipients of Queensland Government funding
470 Queensland community and not-for-profit groups will share in more than $11 million under the latest round of the Gambling Community Benefit Funding. Among the successful organisations…
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IBISWorld sees declining fitness industry revenue and potential saturation of budget 24/7 gyms
Despite other surveys suggesting a rebound among fitness operators, market research company IBISWorld has highlighted the challenges that the industry is facing with declining revenue,…
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AUSactive highlights urgent need for Federal Budget to prioritise physical activity
With more than two-thirds of Australian adults classed as overweight or obese, AUSactive says that the upcoming Federal Budget needs to priority physical health. Citing findings released…
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Clarence Valley Council reveals plans for Grafton Regional Aquatic Centre
With the ageing Grafton Olympic Pool closed over summer having “reached the end of its useful life”, Clarence Valley Council has revealed plans for a new Regional Aquatic…
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NSW flood affected sports facilities receive additional funding to repair and rebuild
NSW sports facilities, programs, and sporting organisations impacted by floods are to share in $36 million to help with restoring and rebuilding projects to get community sport back on the…
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Surge in Dreamworld visitation contributes to Ardent Leisure revenue rise
Ardent Leisure has seen revenue for the December 2022 half year more than double on its 2021 performance with year-on-year income reaching $43.76 million as guests stream back to its…
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Media advises of closing of F45 studios as founder reportedly being chased for $10 million by creditors
A series of media reports over recent days have advised of the closure of F45 training gyms across Australia leaving members of out of pocket due to unused memberships. Yesterday saw the…
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