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.…

Ways to tackle credit card debt

(InvestigateTV) — Bankrate found the average credit card interest rate today is 20.27%, making it very expensive to carry credit card debt. Sara Rathner with NerdWallet said those carrying a lot of credit card debt may want to consider debt consolidation. She said those with good credit could qualify for a balance transfer card. This…

Lewis County to see $2M in debt disappear

LOWVILLE, New York (WWNY) – Lewis County is about to have millions of dollars of debt disappear. It comes as the county and Lewis County Health come to an agreement after the hospital loaned the county money in 2018. The county and its hospital share a unique relationship – one of only two of its…