News: Finance

Lego owners lead £5 billion acquisition of Merlin Entertainments

Merlin Entertainments has agreed to be acquired by investors led by the owners of Lego in a deal that values the global attractions operator at £5 billion (US$6.35 billion). Merlin…

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Jun 28, 2019 Attractions / Entertainment / Finance / Tourism / Waterparks /

 
 

Leisure innovations key to Singapore’s redeveloped Funan shopping mall

After a three-year redevelopment, Singapore's Funan shopping mall has today reopened, featuring more than 180 stores, including new-to-market brands, new concept retail spaces and a…

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Jun 28, 2019 Entertainment / Finance / Recreation / Retail /

 
 

Ardent Leisure facing potential $80 million liability in wake of Dreamworld inquest

Shares in Dreamworld operator Ardent Leisure have dropped to a new low this week after analysts suggested it could face massive financial liabilities over the 2016 Dreamworld tragedy.…

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Jun 28, 2019 Attractions / Finance / Insurance / Legal / Tourism /

 
 

Owner looks for $1 billion plus sale of Fitness and Lifestyle Group

Quadrant Private Equity, the owner of the Fitness and Lifestyle Group, is reportedly offering the fitness giant for sale through investment banks UBS and Citi. The buyout fund, which…

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Jun 27, 2019 Finance / Fitness / Technology / Tourism /

 
 

Derwent Entertainment Centre needs significant upgrading to host Tasmanian NBL team

National Basketball League owner Larry Kestelman has advised that "significant upgrades" need to be undertaken at the Derwent Entertainment Centre before top-level basketball…

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Jun 27, 2019 Finance / Sport / Venues /

 
 

New financing solutions help gyms equip to meet member expectations

Aware of gyms’ ongoing needs to reinvest in equipment, Fitness Finance Australia is highlighting how facilities need to keep investing in equipment and related assets in order to…

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Jun 27, 2019 Finance / Fitness /

 
 

Tokyo 2020 generates record US$3.1 billion in domestic sponsorship commitments

The International Olympic Committee (IOC) has announced that the Tokyo 2020 Olympics has generated a record sponsorship revenue of over US$3.1 billion, almost three times more than any…

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Jun 26, 2019 Events / Finance / Marketing / Sport / Venues /

 
 

NBL owner gets exclusive negotiation period for Derwent Entertainment Centre acquisition

The Glenorchy City Council has unanimously decided to enter into exclusive negotiations with the owner of the National Basketball League (NBL) over the sale of the Derwent Entertainment…

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Jun 25, 2019 Entertainment / Finance / Sport / Venues /

 
 

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