News: Finance
Second Jump Swim entity faces liquidation
JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in Court appointed liquidation. The Jump Loops liquidation announcement comes just weeks...
Jul 9, 2019
Safety /
Legal /
Education /
Finance /
Aquatics
More funding for Western Australia's national parks and reserves
The Western Australian Government is investing more than $22 million to the creation and ongoing management of national parks, marine parks and conservation reserves in its...
Jul 8, 2019
Tourism /
Finance /
Government /
Environment /
Parks
Sea World staff member to face Court over allegations of $19,000 theft
A Gold Coast teenager has been arrested over allegations that she stole $19,000 while working at Sea World. Queensland Police arrested the 19-year-old woman in late June...
Jul 8, 2019
Tourism /
Legal /
Finance /
Attractions /
Security
FIBO CHINA grows to become Asia’s leading fitness event
The organisers of FIBO CHINA 2019 have advised that the leading fitness trade show for the Asian market is set to “outperform itself” when it is held next month. Being held from...
Jul 6, 2019
Finance /
Recreation /
Wellness /
Fitness
F45 to open studios in Afghanistan and Iraq
Fitness franchise F45 has secured deals to open sites in Afghanistan and Iraq as well as in emerging markets in Africa – taking the number of countries in which it is active to...
Jul 4, 2019
Finance /
Retail /
Fitness
Prime Minister Scott Morrison backs Brisbane bid to host Olympic Games
Australian Prime Minister Scott Morrison has voiced his backing for plans for South East Queensland to host the 2032 Olympics, saying it had the potential to be even better than...
Jul 3, 2019
Events /
Sport /
Finance /
Government /
Venues
IGNITE Fitness presents new era of business and professional development events
Since the resounding success of Australia’s first ever IGNITE FITNESS event in Melbourne in February, and the recent IGNITE FITNESS Singapore, August sees two new business...
Jul 3, 2019
Marketing /
Finance /
Wellness /
Fitness
Uncertain future for Auckland's historic St James Theatre
One of New Zealand's historic theatres faces the prospect of an "indefinite mothballing," Auckland City Councillors have been told, due to work stalling on its planned $67...
Jul 2, 2019
Finance /
Venues /
Entertainment
Wage rates increase under modern awards
Employers have been reminded by the Fair Work Commission that wage rates and all work related allowances in the modern award are increasing from employees' first full pay period...
Jul 1, 2019
Legal /
Finance /
Attractions /
Retail
FFA agrees to independent management for the A-League
Lengthy deliberation between Football Federation Australia (FFA) and the owners of A-League licenses will see both the A-League and W-League run independently from the national...
Jul 1, 2019
Sport /
Finance
VicHealth grants provide opportunities for increased community sport participation
Health promotion foundation VicHealth’s latest funding round sees $750,000 allocated to encouraging less active Victorians to participate in community sport. More than 220...
Jun 30, 2019
Sport /
Finance /
Wellness
International Olympic Committee overhauls bidding process for future Games
International Olympic Committee (IOC) members have approved a series of proposals set to dramatically change the bidding process for future Olympic Games, including ending the...
Jun 28, 2019
Events /
Sport /
Finance
Advent International to acquire majority stake in Debitsuccess owner TSG
Global private equity investor Advent International has agreed to acquire a majority stake in payment solutions provider the Transaction Services Group (TSG), the owner of Links...
Jun 28, 2019
Finance /
Fitness
Lego owners lead £5 billion acquisition of Merlin Entertainments
Merlin Entertainments has agreed to be acquired by investors led by the owners of Lego in a deal that values the global attractions operator at £5 billion (US$6.35 billion)....
Jun 28, 2019
Tourism /
Finance /
Attractions /
Entertainment /
Waterparks
Leisure innovations key to Singapore's redeveloped Funan shopping mall
After a three-year redevelopment, Singapore's Funan shopping mall has today reopened, featuring more than 180 stores, including new-to-market brands, new concept retail spaces...
Jun 28, 2019
Finance /
Recreation /
Entertainment /
Retail
Ardent Leisure facing potential $80 million liability in wake of Dreamworld inquest
Shares in Dreamworld operator Ardent Leisure have dropped to a new low this week after analysts suggested it could face massive financial liabilities over the 2016 Dreamworld...
Jun 27, 2019
Tourism /
Legal /
Finance /
Attractions /
Insurance
Owner looks for $1 billion plus sale of Fitness and Lifestyle Group
Quadrant Private Equity, the owner of the Fitness and Lifestyle Group, is reportedly offering the fitness giant for sale through investment banks UBS and Citi. The buyout fund,...
Jun 27, 2019
Tourism /
Finance /
Technology /
Fitness
Derwent Entertainment Centre needs significant upgrading to host Tasmanian NBL team
National Basketball League owner Larry Kestelman has advised that "significant upgrades" need to be undertaken at the Derwent Entertainment Centre before top-level basketball...
Jun 27, 2019
Sport /
Finance /
Venues
New financing solutions help gyms equip to meet member expectations
Aware of gyms’ ongoing needs to reinvest in equipment, Fitness Finance Australia is highlighting how facilities need to keep investing in equipment and related assets in order...
Jun 26, 2019
Finance /
Fitness
Tokyo 2020 generates record US$3.1 billion in domestic sponsorship commitments
The International Olympic Committee (IOC) has announced that the Tokyo 2020 Olympics has generated a record sponsorship revenue of over US$3.1 billion, almost three times more...
Jun 26, 2019
Events /
Sport /
Marketing /
Finance /
Venues
NBL owner gets exclusive negotiation period for Derwent Entertainment Centre acquisition
The Glenorchy City Council has unanimously decided to enter into exclusive negotiations with the owner of the National Basketball League (NBL) over the sale of the Derwent...
Jun 24, 2019
Sport /
Finance /
Venues /
Entertainment
NSW Government admits no timeline for ANZ Stadium redevelopment
The NSW Government has admitted it cannot guarantee a timeline for the redevelopment of Sydney's ANZ Stadium. With redevelopment of the former Olympic venue having previously...
Jun 24, 2019
Sport /
Finance /
Government /
Venues
Report reveals JUMP! swim school’s entity had 'poor budgeting control' and owes millions
A failed arm of the JUMP! Swim Schools group may have been trading while insolvent for close to three years, according to an administrators report. In a report to creditors...
Jun 23, 2019
Legal /
Education /
Finance /
Aquatics
Netball Australia to take no action against Maria Folau for supporting sacked rugby player husband Israel Folau
Suncorp Super Netball star Maria Folau will not be punished for supporting sacked her husband, the sacked rugby union player husband Israel Folau. Australian rugby union...
Jun 23, 2019
Sport /
Finance