(Bloomberg) — BillionaireJohann Grafhas never had to fight on so many fronts at the same time. The ordinary-mans gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His company is also battling…
Australian universities unveil job cuts of up to 30 percent By Mike Head24 August 2020 Assisted by the role of the National Tertiary Education Union (NTEU) in continuing to push through historic cuts in jobs, wages and conditions, Australian university managements are unveiling plans to intensify their offensive, eliminating thousands more jobs. In line with…
The Australian Securities and Investments Commission (ASIC) has pointed to a situation where there may not be enough registered liquidators (RLs) to handle COVID-19 related corporate insolvencies because many of the RLs are facing financial struggles themselves. ASIC had revealed the dilemma to the Parliamentary Joint Committee on Corporations and Financial Services noting it as…
STA Travel Group has collapsed into voluntary administration. It comes after the collapse of its Swiss-based parent company STA Travel Holding AG. Deloittes Jason Tracy and Timothy Norman were appointed as administrators, with the company telling customers that they are unable to provide cash refunds. Visit Business Insider Australias homepage for more stories. Travel agent…
Sports Direct parent company Frasers Group has bought the gyms business of DW Sports out of administration for 37 million and will rebrand them as Everlast Fitness Club. The company – full name Dave Whelan Sports – was declared insolvent in August and BDO appointed to manage its assets. It had DW Fitness premises in…
Five bedroom property in The Little Boltons was home to the last Maharaja of Lahore Sir Duleep Singhs son PrinceVictor Duleep Singh married Lady Anne Coventry, the daughter of the 9th Earl of Coventry, in 1898 Caused furore in London high society as it was first time an Indian royal had married an English noblewoman…