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BackgroundGambling disorder is a psychiatric condition listed among addictive disorders along with alcohol and drug use disorders (1), affecting around
Forward AM enters insolvency proceedings, working toward long-term restructuring solution Metal Additive Manufacturing magazine Read the original article here
The federal court approved an extension of Regional Express (Rex) Airline’s voluntary administration by Ernst & Young (EY) Australia on Thursday 21 November.
Rex Airlines entered into voluntary administration on 31 July and ceased service between major cities, costing 600 people their jobs and putting regional air service at risk.
The airline found itself in financial difficulty after purchasing a fleet of nine Boeing 737-800s and 57 Saab 340s to compete with Qantas and Virgin Australia, however, that strategy was not as profitable as expected.
Services to regional cities has remained in place to date, but there are growing fears around the implications for travelers if the airline bows out permanently.
Troubles have been brewing at KTM for most of 2024, with the company’s financial problems well documented. The Austrian company has laid off a number of staff throughout the year, including many key executives, and only a few weeks ago set off alarm bells in the Swiss stock exchange when it forecast a loss for the year. That caused share prices to plummet to below eight Euros, when they had been at 60 a year earlier. Debt has been reported at 1.5 billion, up from 300 million Euros two years ago.
Now joint Chief Executives Stefan Pierer (pictured above right) and Gottfried Neumeister (left) have placed the company into self-administration, giving them breathing space to try to put a strategy together and avoid the company…
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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
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Gambling disorder is a psychiatric condition listed among addictive disorders along with alcohol and drug use disorders (1), affecting around 0.5% of the general adult population (2–4). A higher number of individuals are believed to suffer from problem gambling, a problematic gambling pattern which may or may not fulfil diagnostic criteria. Prevalence of problem gambling varies across studies and settings, from below 1% of the adult population, up to around 5% to 6% (5). Gambling-related problems may have severe consequences for the individual, including financial debts (6), suicidal ideation, suicide attempts (7), and an increased risk of completed suicide (8). A recent study demonstrated that problem gambling may lead to…
In a tale weaving through the grandeur of international casinos, Dr. Wong Yew Choy, a Singaporean high-roller, has found himself in a legal entanglement demanding the repayment of a colossal sum of A$38.7 million (S$33.6 million). This debt was amassed during a frenzied week of baccarat gambling from July 26 to August 2, 2018, at The Star Gold Coast Casino in Queensland, Australia. Dr. Wong’s departure from Australia on August 2 without settling his burgeoning debt sparked a cross-continental legal battle with ramifications that have echoed through the gambling and legal communities.
Anthony Cummings — the son horse racing legend, Bart — reportedly owes more than $2 million and has had his training business placed into liquidation.
The Cummings name is synonymous with horse racing in Australia, with the late Bart Cummings training a staggering 12 Melbourne Cup winners and now has a race named after him at Flemington to go with his statue.
Anthony’s son, James Cummings, is also a very successful trainer. He runs the Godolphin stables in Australia and has a Cox Plate to his name, as well as a Blue Diamond, a Golden Rose and a swag of other prestigious races.
“I don’t believe any of that applies. I acted in good faith at all times,” Cummings said on Thursday.
“The reality is the biggest debts owed by the training company were to me, my wife and my thoroughbred company. That’s a matter of fact. I’ve had discussions with the majority of people involved and there is no issue there.”
Cummings is continuing to train dozens of horses at Randwick and hopes to re-form a partnership with his other son, Edward, who previously operated at Hawkesbury, under the 38-year-old’s company Myrtle House.
James Cummings has carved out a formidable record after getting his start training with grandfather Bart.Credit: Eddie Jim
Edward Cummings has already transferred his horses in work to his…
