News: Finance
Saudi Arabia highlights tourism investment opportunities at International Hospitality Investment Forum
With the International Hospitality Investment Forum currently underway, the Saudi Ministry of Tourism is presenting opportunities for global investors. Following the recent announcement…
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World Athletics to become first international federation to award prize money at Olympic Games
World Athletics has announced it will become the first international federation to award prize money at the Olympic Games. The global governing body said a total prize pot of US$2.4…
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Formula 1 owner Liberty Media announces US$3.75 billion takeover of MotoGP
Formula One’s US-based owner Liberty Media Corporation has announced an agreement to acquire MotoGP’s parent company Dorna Sports S.L.. In a transaction reflecting an…
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Tokyo survey company reports insolvency for record number of fitness clubs in Japan
According to private survey company Tokyo Shoko Research Ltd, a record number of fitness clubs in Japan have gone insolvent this fiscal year despite the market size growing. While COVID…
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GoXPro’s new Semi-Private Coaching software allows personal trainers to boost session revenue
GoXPro - a market-leading digital platform for gym chains, studios and personal trainers - has launched new personal training software to cater for in-person Semi-Private Coaching. GoXPro…
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JPMorgan announces creation of specialist sport investment banking team
USA-based multinational financial institution JPMorgan has formed a new division to offer advisory and financial solutions for clients looking to invest in the sport industry. With…
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Gay Games Hong Kong delivers economic boost of US$25.5 million
A post-event study has revealed that the Gay Games 11 Hong Kong 2023 (GGHK) has delivered an economic boost of about US$25.5 million – and unlike previous games the Hong Kong games…
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Starlizard Integrity Services identifies 167 suspicious football matches in 2023
London-based, sports integrity specialists - Starlizard Integrity Services (SIS) - have identified 167 football matches played around the world in 2023 as suspicious. The SIS report…
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