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…
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Dubai 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…
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International 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…
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Reorganised 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…
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COVID-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…
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IOC 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…
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Government 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…
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Owners 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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