News: Finance
Jonas Leisure runs virtual meetings to aid professionals during Coronavirus crisis
Jonas Leisure recently held a virtual meeting for industry professionals to discuss COVID-19 and some of the actions being adopted across the leisure industry to manage staff...
Mar 31, 2020
Finance /
Recreation /
Technology /
Aquatics /
Fitness
Gerard Lighting Group completes sale of infrastructure division to Schréder
Gerard Lighting Group (GLG) has completed the sale of its infrastructure lighting division in Australia, Sylvania and Austube, to the Schréder Group, one of the world’s leading...
Mar 31, 2020
Finance /
Venues /
Technology
Rugby Australia forecasts $120 million loss in revenue
Rugby Australia has announced it could lose up to $120 million in revenue if the professional game, in lockdown due to the Coronavirus pandemic, does not resume this year. This...
Mar 31, 2020
Sport /
Finance /
Wellness
ATIC supports $130 billion JobKeeper package
The Australian Tourism Industry Council (ATIC) has strongly backed the Federal Government’s $130 billion JobKeeper package. ATIC represents thousands of local tourism...
Mar 31, 2020
Tourism /
Finance /
Government
Australian Government launches $130 billion ‘JobKeeper’ wage subsidy
In response to the significant economic and social impact from the coronavirus, the Australian Government has launched the ‘JobKeeper’ scheme - a $130 billion initiative which...
Mar 30, 2020
Finance /
Government
Rugby Australia reveals $9.4 million loss at AGM
Battling the impact of Coronavirus and still recovering from the settlement paid to the Israel Folau, Rugby Australia has revealed a provisional loss of $9.4 million at its...
Mar 30, 2020
Sport /
Legal /
Finance
NRL slashes costs and backs clubs through Coronavirus crisis
The NRL has agreed on a recovery plan that will see the League reduce its operating costs by 53% over the remainder of the year while clubs will each receive $2.5 million to...
Mar 30, 2020
Sport /
Finance
FFA announces 70% staff cut due to COVID-19
Football Federation Australia (FFA) has today announced its regrettable decision to stand-down approximately 70% of its staff due to the fallout from the COVID-19 pandemic. FFA...
Mar 30, 2020
Sport /
Safety /
Finance
ClassPass launches live-streamed classes to help fitness centres during COVID-19
Leading global fitness sharing platform ClassPass is launching live-streamed classes through its ClassPass app and website to help fitness and wellness partners during COVID-19....
Mar 30, 2020
Finance /
Technology /
Fitness
AFL looks to secure $600 million loan
Facing a significant financial impact from its current shutdown, the AFL is reported to be close to securing a $600 million loan facility to secure its future through and beyond...
Mar 29, 2020
Sport /
Finance
VTIC calls for immediate hibernation and wage subsidy packages
The Victoria Tourism Industry Council (VTIC) is calling on the State and Federal Governments to immediately agree to elements of the hibernation package included in Prime...
Mar 29, 2020
Tourism /
Finance
City of Sydney to consider expanded financial relief for cultural and creative sectors
City of Sydney to consider expanded financial relief for cultural and creative sectors The City of Sydney Council will tonight (30th March 2020) consider a plan to deliver a...
Mar 29, 2020
Culture /
Finance /
Wellness /
Entertainment /
Arts
Tasmanian sports organisations to get financial assistance from state Government
The Tasmanian has announced that it is to support grassroots Tasmanian sports organisations "through these difficult times" with $2 million in grant s to ensure their continuity...
Mar 29, 2020
Sport /
Finance /
Recreation /
Government
AFL and players agree pay-cut deal through Coronavirus shutdown
With the season currently shutdown, the AFL has announced that players have agreed to take a 50% pay cut until the end of May. The AFL and the AFL Players' Association (AFLPA)...
Mar 29, 2020
Sport /
Finance
Major entertainment promoters call for Australian Government support through Coronavirus crisis
Australia’s largest live entertainment companies Live Nation, Frontier Touring, Chugg Entertainment and TEG have submitted an open letter to Australian Prime Minister Scott...
Mar 27, 2020
Events /
Finance /
Government /
Venues /
Entertainment
Doubts over Australian ski season as Coronavirus restrictions impact
Government bans on gatherings look set to impact the Australian ski industry with fears that the ski season, which normally commences in June, may even be cancelled. With March...
Mar 27, 2020
Tourism /
Finance /
Recreation /
Environment
Wanda to sell Ironman for US$730 million
Wanda Sports Group has announced it has entered into a definitive stock purchase agreement to sell its Ironman business to USA-based media company, Advance Publications, owner...
Mar 26, 2020
Events /
Sport /
Finance /
Recreation
NRL players face 87% wage cut as clubs stand down staff and coaches
As the NRL faces up to the scenario of a drastically shortened season, the League has asked its players to take a pay cut of up to 87% With clubs standing down staff and...
Mar 26, 2020
Sport /
Safety /
Finance
Tokyo Olympics organisers face 'massive' facilities costs for rescheduled Games
The Tokyo 2020 organising committee has advised that it is facing “massive” additional costs in securing the facilities needed to deliver a rescheduled summer Olympic Games in...
Mar 26, 2020
Events /
Sport /
Finance /
Wellness /
Venues
Viva Leisure sheds more than 1,000 staff in 48 hours
Leading fitness facility operator Viva-Leisure has been forced to stand-down or let go more than 1,000 staff members in a 48 hour period this week as Government measures to halt...
Mar 26, 2020
Finance /
Wellness /
Government /
Fitness
Total Sport and Entertainment acquire ownership of NSW sole WNBL franchise
Basketball Australia and The Sydney Kings have announced that the Club's ownership group, Total Sport and Entertainment (TSE), have acquired full ownership of the NSW sole...
Mar 26, 2020
Sport /
Finance
Gold Coast tourism leader says Coronavirus restrictions ‘death by a thousand cuts’
Destination Gold Coast Chief Executive, Annaliese Battista has described the series of escalating Federal Government restrictions aimed at reducing the spread of Coranavirus as...
Mar 25, 2020
Marketing /
Tourism /
Finance /
Attractions /
Government
Aquatic sector could lose $900 million in revenue as Prime Minister Scott Morrison advises that all commercial pools must close
Acknowledging that all commercial swimming pools, including swim schools, must cease operations by midnight tonight (25th March 2020), Royal Life Saving Society - Australia has...
Mar 25, 2020
Safety /
Education /
Finance /
Government /
Aquatics
Opera Australia announces employee support package to limit Coronavirus impact
Opera Australia has today announced details of an employee support package designed to retain their workforce in the face of widespread layoffs across the arts and...
Mar 24, 2020
Finance /
Wellness /
Entertainment /
Arts