News: Finance
Mass participation sporting events calls for $48 million stimulus funding from Federal Government
With the sector struggling to stay afloat due to the ongoing impact of the COVID-19 pandemic, Australia’s mass participation sporting event industry is seeking Federal Government…
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NRL backs Premiership sponsor Telstra by moving to end Warriors sponsorship with Vodafone
In a move to protect Telstra, the naming rights sponsor for its Premiership, the NRL has reportedly advised the New Zealand Warriors that it must end its long-term sponsorship with rival…
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Village Roadshow moves toward acquisition by private equity firm
In a deal valuing the company at $758 million, Village Roadshow has agreed to a takeover deal by private equity firm BGH Capital. With BGH Capital and Pacific Equity Partners having each…
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Coronavirus drives $11.7 billion fall in domestic tourism spending
Domestic tourism spending plunged by $11.7 billion during the first few months of the Coronavirus pandemic, with 9.6 million fewer domestic overnight trips taken in April 2020 compared…
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Funding allows Knox Regional Netball Centre upgrades to be fast-tracked
A $5 million contribution from the Victorian Government will see construction works on the $15 million project to expand and upgrade Knox Regional Netball Centre begin months ahead of…
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Aussie Ark announces winning project of its Conservation from the Couch campaign
Following several weeks of voting and tens of thousands of votes, conservation organisation, Aussie Ark, has announced the winning project/species of its Conservation from the Couch…
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Legal action commenced against Snap Fitness Sydney franchisee
The Fair Work Ombudsman has commenced legal action against Leo Fitness Pty Ltd - the franchisee for Snap Fitness outlets at locations including Zetland and at Skyview Shopping Plaza, on…
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Ticket refunds drive down Live Nation revenues
Live Nation has reported a 98% fall in its second-quarter revenue for this year, with US$86 million in ticket refunds driving down its year-on-year revenue. In comparison, the global live…
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