MGM Resorts has denied claims that Bruno Mars owes the hospitality empire millions of dollars in gambling debt. The company’s response comes after NewsNation reported last week that Mars, 38, landed himself in gambling debt of over $50 million at MGM — a large portion of which is being paid off from the money made…
Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to restructure its European business. This is the second insolvency procedure within four years for Esprit, which had laid off around a third of…
Beauty bosses ‘deeply saddened’ by salon liquidation Gold Coast Bulletin Read the original article here
How much you will save under HECS changes Money magazine Read the original article here
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Zhongzhi, the conglomerate at the centre of China’s $3tn shadow banking market, has filed for bankruptcy, saying that it was “severely insolvent”. A Beijing court accepted a bankruptcy and liquidation application from Zhongzhi…
All Rex flights between capital cities have been grounded and the airline has entered voluntary administration just hours after the Albanese government suggested it would intervene to ensure the nation’s third-largest carrier didn’t collapse. Late on Tuesday, EY – formerly known as Ernst & Young – announced it had been appointed as administrators of the…
Photo: Kevin Mazur/Getty Images for SelvaRey Lucky for him, that’s what he likes to hear: Bruno Mars is not $50 million in gambling debt with MGM in Las Vegas — according to the casino company itself. NewsNation previously reported the $50 million figure, citing an anonymous Las Vegas insider who claimed that the singer’s post-tax…
Amsterdam-based Rodeo Software, a cloud-native project management software provider, has been declared bankrupt by the court in Amsterdam by termination of the suspension of payment on Wednesday, April 24. The announcement comes a week after the Dutch company got into a controversy following allegations of financial irregularities. A brief overview As a result, US-based growth…
Australian insolvencies hit a record high in March, according to the latest data released by the corporate regulator. In total, 1131 businesses went bust in the month, which was the largest number since ASIC started collecting these statistics in 1999. Intensifying labour and input costs are a killer for companies with little pricing power. Seasonally…
Every eligible hospital in North Carolina has opted in to Gov. Roy Cooper’s medical debt relief initiative, which promises extra payments to hospitals that agree to forgive old medical debt and beef up their charity care policies, state officials said Monday. The program calls for hospitals to wipe out about $4 billion in medical debt…