News: Finance
Vivid Sydney to explore the concepts behind a city’s success
Sydney’s largest creative festival, Vivid, returns in 2019 to deliver a number of events exploring how cities can boost visitation and transform their economies. The festival...
Mar 18, 2019
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Funding secured for Auckland ASB Tennis Arena redevelopment
Auckland councilors recently approved a $5.5 million funding package to upgrade the main ASB Tennis Arena, that includes the redevelopment of two stands to bring the capacity to...
Mar 18, 2019
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Venues
Auckland Council considers financial support for Eden Park
Auckland Council will this week consider a $63.3 million financial support for Eden Park, incorporating existing loans and guarantees already provided by Council. The funding...
Mar 17, 2019
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Funding helps complete Far North Queensland ecotourism experience
The Queensland Government has announced more than $5 million to complete the first phase of an ecotourism experience, the seven kilometre ‘Mowbray North’ component of the 94...
Mar 14, 2019
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Parks
Toyota's AFL partnership becomes Australia's largest sponsorship deal
The AFL has signed a new four-year deal with major sponsor Toyota Australia, with its terms exceeding Kia's Australian Open agreement to become the largest sports sponsorship...
Mar 14, 2019
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Fitness industry growth contained by market saturation and decline in discretionary income of consumers
A decline in the discretionary income of Australians over the past three years has contained the expansion of the fitness industry growth while market saturation is anticipated...
Mar 14, 2019
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Fitness
TSG brands to host first ever combined exhibit at Fitness Show Sydney 2019
Leading global business management software and payment solutions provider TSG will be collectively exhibiting four of its brands for the first time at the upcoming Fitness Show...
Mar 14, 2019
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Fitness
High profile backing for new recurring payments platform
Payleadr, a new recurring payments management platform founded by former Tyro Payments and Debitsuccess executive Karl Margrain, has attracted the backing of Peter Haig, the...
Mar 13, 2019
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Tourist levy proposed to help protect Queenstown community wellbeing
Known as New Zealand’s ‘adventure capital’ and attracting 3.3 million visitors each year, officials in Queenstown are proposing the introduction of a $7.50 per visitor charge to...
Mar 13, 2019
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Environment
Ardent Leisure shares hit seven-year low
The share price of Dreamworld owners Ardent Leisure has tumbled around 20% in the past week, from highs of $1.62 on 4th March to as low as $1.29 at the time of writing. As...
Mar 12, 2019
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Waterparks
Tully Showgrounds receive funding for Sporting complex
The $7.1 million Tully Multi-Use Sporting Complex project is to receive $3 million from the latest round of the Queensland Government’s Building our Regions (BoR) program, with...
Mar 12, 2019
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AFL growth initiatives result in profit increase
The AFL has announced that its 2018 profit exceeded $50 million, an increase of $1.6 million on the previous 12-month period. The AFL achieved record commercial revenue of $210...
Mar 8, 2019
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Fanplus platform connects fans with sport and entertainment celebrities
A new marketplace where fans can buy experiences with entertainment personalities, sports clubs and athletes is offering a range of ‘money can’t buy’ opportunities. The startup...
Mar 6, 2019
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Northern Territory Government invests in new sports oval for remote Elliott community
As part of the $10 million Remote Sports Infrastructure Program, the Northern Territory Government is providing $500,000 towards a new sporting oval for the Elliott community,...
Mar 5, 2019
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FIFA announces lengthy ban for former Oceania Football Confederation President
World football’s governing body FIFA has handed former Oceania Football Confederation (OFC) President David Chung a six-and-a-half-year ban, with the former FIFA Executive...
Mar 5, 2019
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New funding to upgrade sport facilities for women in Western Australia
Upgrades at Wanneroo City Soccer Club and Hudson Park in the Perth suburb of Girrawheen will provide female-appropriate change rooms, in line with the Western Australian...
Mar 3, 2019
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Ticketmaster extend market lead in global entertainment ticketing
Ticketmaster continued growing its global leadership position in ticketing in 2018, with fee-bearing gross transaction value (GTV) up 14% and total platform GTV of US$33...
Mar 3, 2019
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ACCC penalises Fitness First for excessive surcharging on member payments
Fitness First Australia has paid a penalty of $12,600 after the Australian Competition and Consumer Commission (ACCC) issued an infringement notice for an alleged breach of the...
Mar 3, 2019
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Fitness
Live Nation reveals another record year with 11% rise in global revenues
Live Nation has reported that 2018 was its eighth consecutive year of record results, with ticketing activity rising by 14% and attendances rising by 8% from 2017. Last year saw...
Mar 2, 2019
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Ticketing
Growing digital revenues drive NRL to $46 million profit
The successful integration of its in-house digital and sponsorship strategy has resulted in the NRL reporting a $42.8 million profit and total consolidated revenue of $500...
Mar 1, 2019
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Cancelled Mountain Sounds festival owes Eventbrite almost $900,000
The cancelled Mountain Sounds festival on the NSW Central Coast reportedly owes almost $900,000 to ticketing operator Eventbrite. Called off just a week before it was due to...
Feb 28, 2019
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Entertainment
Funding boost delivers new clubhouse for Slacks Creek Rugby League Club
Players and supporters of Slacks Creek Rugby League Club are to benefit from a new clubhouse delivered through the Queensland Footy Facilities Fund. Announcing the $300,000...
Feb 27, 2019
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Finance
IHG expands wellness offerings with acquisition of Six Senses resorts
InterContinental Hotels Group (IHG) has added Six Senses Hotels Resorts Spas to its global portfolio of brands. Purchasing the award-winning hospitality and wellness company...
Feb 26, 2019
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Wellness
Kane Constructions announced as Shepparton Art Museum builder
The City of Greater Shepparton has announced that the construction contract for the Shepparton Art Museum has been awarded to Kane Constructions Pty Ltd. Following a two-staged...
Feb 26, 2019
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