Mohegan Gaming faces default on South Korea loans

Mohegan Gaming faces a liquidity crunch that could threaten its future as a “going concern”. The crisis is related to its new Inspire resort in South Korea. In its fourth-quarter and fiscal 2024 report, released on New Year’s Eve, Mohegan Gaming had good news and bad news. First, the good news. Company-wide, the Uncasville, Connecticut…

Labor’s wiping of 20% of Hecs debt barely moves the needle. Australia’s students need to be freed from their crushing debt | Harrison Brennan

I remember Jason Clare defending the 7.1% indexation to Hecs debts in 2023 because a tertiary degree “makes you money”. I also recall the education minister’s praise of Australia’s student loan system at question time in February, lauding it for blowing “open the doors of university for more young Australians”, including those from disadvantaged backgrounds.…

Parent company of Australian clothing brands Rivers, Millers and Katies enters voluntary administration | Business

Mosaic Brands, the parent company behind Australian clothing brands Rivers, Millers and Katies, has entered voluntary administration. The ASX-listed company which operates more than 700 stores and employs about 3,000 staff released a statement on Monday confirming its board’s decision. “Following recent attempts by the company to informally restructure its operations … voluntary administration is…