News: Finance
Half of Western Australian emergency grants for tourism businesses go unspent
Almost half of the Western Australian Government’s $10.4 million emergency grants for the tourism industry have gone unspent as a result of the majority of businesses applying...
Aug 18, 2020
Tourism /
Finance /
Attractions /
Government
Crisis communication and media consultants offer ‘pay when you can’ online support
A team of ex-journalists and communications specialists are offering Melbourne businesses and organisations a lifeline of support with ‘pay what you can’ crisis media support....
Aug 18, 2020
Marketing /
Safety /
Finance
Chinese entertainment and ticketing platform reports 90% fall in revenue for first six months of 2020
Chinese entertainment and ticketing platform Maoyan has reported losses of 430.7 million yuan (US$62 million) in its interim financial results for the first half of 2020, with...
Aug 18, 2020
Finance /
Entertainment /
Ticketing
Softball Australia becomes latest NSO to partner with Belgravia Group
The Belgravia Group has announced that Softball Australia has become the latest national sporting body to join it as a commercial partner, working together to help find savings...
Aug 17, 2020
Sport /
Marketing /
Finance /
Technology
Mass participation sporting events calls for $48 million stimulus funding from Federal Government
With the sector struggling to stay afloat due to the ongoing impact of the COVID-19 pandemic, Australia’s mass participation sporting event industry is seeking Federal...
Aug 17, 2020
Events /
Sport /
Finance /
Recreation /
Government
NRL backs Premiership sponsor Telstra by moving to end Warriors sponsorship with Vodafone
In a move to protect Telstra, the naming rights sponsor for its Premiership, the NRL has reportedly advised the New Zealand Warriors that it must end its long-term sponsorship...
Aug 17, 2020
Sport /
Marketing /
Finance
Village Roadshow moves toward acquisition by private equity firm
In a deal valuing the company at $758 million, Village Roadshow has agreed to a takeover deal by private equity firm BGH Capital. With BGH Capital and Pacific Equity Partners...
Aug 16, 2020
Tourism /
Finance /
Attractions /
Waterparks
Coronavirus drives $11.7 billion fall in domestic tourism spending
Domestic tourism spending plunged by $11.7 billion during the first few months of the Coronavirus pandemic, with 9.6 million fewer domestic overnight trips taken in April 2020...
Aug 16, 2020
Tourism /
Hospitality /
Finance
Funding allows Knox Regional Netball Centre upgrades to be fast-tracked
A $5 million contribution from the Victorian Government will see construction works on the $15 million project to expand and upgrade Knox Regional Netball Centre begin months...
Aug 14, 2020
Sport /
Finance /
Venues
Aussie Ark announces winning project of its Conservation from the Couch campaign
Following several weeks of voting and tens of thousands of votes, conservation organisation, Aussie Ark, has announced the winning project/species of its Conservation from the...
Aug 13, 2020
Education /
Finance /
Environment
Legal action commenced against Snap Fitness Sydney franchisee
The Fair Work Ombudsman has commenced legal action against Leo Fitness Pty Ltd - the franchisee for Snap Fitness outlets at locations including Zetland and at Skyview Shopping...
Aug 13, 2020
Finance /
Fitness
Ticket refunds drive down Live Nation revenues
Live Nation has reported a 98% fall in its second-quarter revenue for this year, with US$86 million in ticket refunds driving down its year-on-year revenue. In comparison, the...
Aug 13, 2020
Finance /
Venues /
Entertainment /
Ticketing
$20 million loan secured for North Queensland Cowboys high-performance centre
A $20 million Northern Australia Infrastructure Facility (NAIF) concessional loan is ready to reach financial close – delivering funds to the North Queensland Cowboys NRL Club...
Aug 12, 2020
Sport /
Finance /
Venues /
Fitness
Snap Fitness reports rise in club memberships following COVID lockdown
Leading fitness franchise Snap Fitness has reported that following the relaxation of COVID-19 restrictions across much of Australia, fitness enthusiasts have been keen to return...
Aug 11, 2020
Finance /
Fitness
Federal Government announces guidelines on live music restart funding
The Federal Government has unveiled details of its $75 million fund to help “reactivate” the arts and entertainment sector, simultaneously launching round one of its Live Music...
Aug 11, 2020
Finance /
Government /
Entertainment /
Arts
Sydney Opera House’s demands for licence fee for ‘sails’ logo to impact city’s sport brands
The Sydney Opera House Trust’s demand that sports teams using its famous sails in their logos pay an annual $50,000 licensing fee looks set to impact the brands of several of...
Aug 10, 2020
Sport /
Marketing /
Legal /
Finance
National Snowsports Training Centre moves toward planning milestone
The NSW Government has lodged the Development Application for Stage 1 of the National Snowsports Training Centre (NSTC) at Jindabyne with Snowy Monaro Regional Council bringing...
Aug 9, 2020
Sport /
Finance /
Venues
Minderoo Foundation funding assists research into koala recovery post-bushfires
A $257,000 donation from Minderoo Foundation will assist researchers at the Australian National University (ANU) to examine how koalas recover after fire and how fire impacts...
Aug 9, 2020
Education /
Finance /
Environment
Western Australian Government's latest industry boost to inject $150 million into tourism
Having announced funding to stimulate the arts and sport in the past week, the Western Australian Government has today announced that it will spend $150 million upgrading...
Aug 7, 2020
Tourism /
Finance /
Attractions /
Government /
Parks
ICC shifts Australian hosting of Men's T20 World Cup 2022 while India keeps 2021 edition
The International Cricket Council (ICC) has announced that the postponed Men's T20 World Cup 2020, due to have taken place in Australia, will now take place in the country in...
Aug 7, 2020
Events /
Sport /
Finance
$70 million Queensland Government lifeline drives Ardent Leisure's Dreamworld reopening announcement
Ardent Leisure has today announced that it is to implement a staged reopening of its Gold Coast attractions Dreamworld and WhiteWater World, with both parks expected to...
Aug 7, 2020
Tourism /
Finance /
Attractions /
Government /
Waterparks
Live Performance Australia commends Western Australian Government for shared risk funding
Live Performance Australia (LPA) has commended the Western Australian Government's $15 million funding earmarked for a ‘Getting the Show back on the Road’ shared risk package to...
Aug 6, 2020
Events /
Finance /
Venues /
Entertainment
Federal Government adds $15 billion to JobKeeper scheme to aid Victorian businesses
The Federal Government has advised that it will add an extra $15 billion towards its JobKeeper allowance to assist businesses in Victoria and hundreds of thousands of their...
Aug 6, 2020
Tourism /
Hospitality /
Finance /
Attractions /
Government
Bushfires and Coronavirus impact Australian tourism with no imminent respite
Bushfires and continuing COVID-19 restrictions have devastated the Australian tourism industry, particularly in regional areas, with the Australian Tourism Export Council (ATEC)...
Aug 6, 2020
Tourism /
Finance /
Attractions /
Government