News: Finance
FRANdata gives Snap Fitness 5-Star franchise rating
Despite COVID-19’s significant economic impact on the fitness industry, Snap Fitness has become the first health and fitness franchise system in the country to achieve a five-star…
read moreDubai theme park operator urges shareholders to back takeover offer
Dubai-based DXB Entertainments, operator of Dubai Parks and Resorts, is urging shareholders to accept an offer from its majority shareholder, state-controlled Meraas Holding, to acquire its…
read moreInternational fitness bodies launch leadership initiatives
The International Health, Racquet & Sportsclub Association (IHRSA) and the Singapore-based Fit Summit have this week each launched leadership initiatives that aim to shape and provide…
read moreReorganised V1 Group looks for expansion in China’s sport and entertainment industries
Leading Chinese sports lottery and entertainment service provider the V1 Group is looking for significant growth in the domestic market following a recent internal reorganisation. With a…
read moreCOVID-19 forces a rethink of major stadiums and sports facilities around the world
Kevin Wilson suggests that the Coronavirus pandemic has further exaggerated the ‘white elephant’ characteristics of just about all large spectator sport facilities. In recent…
read moreIOC insists Tokyo Olympics will not be cancelled because of COVID-19 pandemic
Amid speculation that Japan’s Government has privately concluded the Tokyo Olympics will have to be cancelled because of the Coronavirus pandemic, Japanese Prime Minister Yoshihide…
read moreGovernment backs US$46 million makeover for Hong Kong’s Ocean Park
The Hong Kong Government is to provide HK $361 million (US$46 million) for a makeover of the administrative region’s Ocean Park into a new style of tourism destination with a role as…
read moreOwners agree sale of ‘leisure-tainment’ business Funlab to private equity firm TPG Capital
Global private equity firm TPG Capital has agreed to acquire Australian bowling alleys and mini golf business Funlab from its current owners at a reported cost of $250 million. Agreed…
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