An Australian casino’s bid to recover an A$43.2 million (S$42 million) gambling debt from a Singaporean high roller here has failed on public policy grounds. The ruling against Brisbane-based The Star Entertainment QLD underlines the point that Singapore law does not enforce the recovery of monies won on a wager, other than gambling regulated by…
In a bid to restructure and reshape its business as a more resilient company, Casinos Austria will be looking to save estimated 40 million in costs. Casinos Austria Announces Restructuring Plans, Takes a Look at Layoffs Casinos Austria supervisory board announced a new restructuring plan that seeks to save 40 million in costs at the…
Harley-Davidson (NYSE:HOG) announced its new Rewire strategic plan in April 2020, as the COVID-19 pandemic worsened a business already hit by tariffs and slumping sales. The maker of the iconic brand reported motorcycle segment revenue down 8% in 2019, and shipments down 6.4% versus the prior year. Today, the company said it was overhauling its…
Friday, 10 July 2020, 1:42 pmPress Release: Debtfix In April 2020, Debtfix co-founder Christine Liggins became New Zealands first accredited insolvency practitioner specialising solely in the field of personal insolvency appointments. This allows Mrs Liggins to use the insolvency practitioner designation and be listed on a publicly accessible register. As an accredited insolvency practitioner, Mrs…
STUFF The five-star hotel has closed down due to the financial impact of Covid-19, resulting in at least 139 job losses. The five-star Sofitel Auckland Viaduct Harbour has gone into liquidation, leaving at least 139 people out of work. Viaduct Quays Hotel, the registered company operating the waterfront hotel, was put into liquidation on Monday.…
Some excellent news for your Golden Goose collection comes today with an announcement from Tuchuzy, one of Sydneys longest running and most iconic fashion retailers. A spokesperson for the company has stated that the Bondi institute has regained control and has come out of voluntary administration thanks to the support and willingness to shop local…
Tax and advisory firm Grant Thornton has been appointed as the voluntary administrator of cladding supplier Fairview Architectural. Fairview Architectural specialises in the design, manufacture and supply of cladding and composite panel products to the construction sector. Based in Lithgow, Fairview Architectural employs 52 people in Australia. Fairview Architectural shares a licence agreement with brands…