News: Finance
NSW Government accused of inflating potential fixture numbers to back venues plan
A key claim supporting the NSW Government’s business case for a new Western Sydney Stadium was never agreed to by the NRL, a Parliamentary inquiry has been told. The business...
Aug 6, 2018
Sport /
Safety /
Finance /
Venues /
Security
ROLLER raises investment funds to accelerate global growth
ROLLER, the all-in-one software platform for attractions, entertainment and recreation venues, has raised $7 million in Series B investment funding. The round was led by US...
Aug 5, 2018
Tourism /
Finance /
Recreation /
Attractions /
Entertainment
Football Federation Victoria welcomes funding for new sports lighting
Football Federation Victoria has welcomed the announcement of $230,400 towards new lights at Bendigo’s Epsom Huntly Recreation Reserve and the Chewton Soldiers Memorial Park in...
Aug 3, 2018
Sport /
Finance /
Venues
Merlin Entertainments sees profits fall through first half of 2018
Global attractions operator Merlin Entertainments has reported that while revenue across its operations increased by US$31.4 million for the first half of the year, it has...
Aug 2, 2018
Tourism /
Finance /
Attractions /
Retail /
Waterparks
ClassPass looks for Asian expansion with Singapore launch
With its international expansion having slowed over the past 18 months, leading sharing platform ClassPass has announced that it is set to go live in Singapore, the first city...
Aug 2, 2018
Finance /
Retail /
Fitness
UAE fitness industry worth US$380 million
Home to some of the world’s most recognisable fitness brands, including Gold’s Gym and Fitness First and with numerous facilities offering Les Mills International programs, the...
Aug 1, 2018
Finance /
Wellness /
Fitness
Robert de Castella slams lack of direction at Australian Institute of Sport
Marathon legend Robert de Castella has slammed the current direction of the Australian Institute of Sport (AIS), declaring the once elite sporting institution is dead and...
Jul 31, 2018
Sport /
Finance /
Government /
Venues
Australian Sports Foundation creates new charitable fund
The Australian Sports Foundation has established a new charitable fund which has been awarded Deductible Gift Recipient (DGR) status by the Federal Government, allowing sport to...
Jul 29, 2018
Sport /
Finance /
Recreation /
Venues
Ride fatalities aftermath continues to drive down Dreamworld’s value
The impact of four deaths on Dreamworld’s Thunder River Rapids ride in 2016 is still being felt by the theme park's owners, who have written $75 million off the value of the...
Jul 29, 2018
Tourism /
Legal /
Finance /
Attractions
Newspaper report alleges Qatar sabotaged 2022 FIFA World Cup rivals with smear campaign
Qatar’s controversial bid to host the 2022 FIFA World Cup broke the world football governing body’s rules by running a secret “black operations” campaign to sabotage rivals...
Jul 29, 2018
Events /
Sport /
Legal /
Finance
Powerhouse Director to step down after public funds used to pay for fashion party
The NSW Government has advised that Dolla Merrrillees, Director of Sydney’s Museum of Applied Arts and Sciences (MAAS), will not return to the Museum before her contract ends on...
Jul 26, 2018
Events /
Finance /
Government /
Venues /
Arts
World Rugby partners with Gemba’s Turnstile platform to value sponsorship
In a move to more accurately value existing and future commercial partners, World Rugby has agreed a deal to use Gemba’s recently created platform Turnstile. World Rugby will...
Jul 25, 2018
Sport /
Marketing /
Finance
New Zealand Cricket agrees revenue share pay deal with players
New Zealand Cricket and the New Zealand Cricket Players Association (NZCPA) have today announced the agreedment of a new four-year revenue-sharing model for player pay in the...
Jul 25, 2018
Sport /
Finance
Sydney’s Powerhouse Museum used public funds to support fashion event
A glittering fashion event hosted in February by Sydney's Powerhouse Museum and attended by models, designers and Foreign Minister Julie Bishop lost nearly $140,000, with NSW...
Jul 25, 2018
Events /
Finance /
Government /
Venues /
Arts
Virgin Active reports 13% global revenue growth through 2017
Brait, the South African-based owner of Virgin Active Health Clubs, has reported that its revenues grew 13% in the financial year to the end of December 2017, to R10.5 billion...
Jul 16, 2018
Finance /
Fitness
Australasian venues strong performers in Pollstar’s Mid-Year concert rankings
Major venues in Australia and New Zealand have performed strongly in the first half of 2018, with Pollstar’s Mid-Year Touring Report showing a massive rise in ticket sales and...
Jul 16, 2018
Finance /
Venues /
Entertainment /
Ticketing
Pollstar acknowledges Bluesfest as Australia’s top music festival
Pollstar’s Mid-Year Touring Report shows that Bluesfest is Australia’s biggest music festival – and is ranked 14th worldwide. Published its list of the Top 100 concert grosses...
Jul 16, 2018
Finance /
Venues /
Entertainment /
Ticketing
Pollstar Mid-Year Charts show soaring ticket prices as Ed Sheeran’s tour breaks records
The global concert business is continuing to grow, with Pollstar ’s Mid-Year Touring Report showing a 12% rise in gross income to an all-time high of US$2.21 billion – with Ed...
Jul 16, 2018
Events /
Finance /
Venues /
Entertainment /
Ticketing
Sports Commission proud to partner with the National Sports Convention
The Australian Sports Commission (ASC) has released a statement announcing that it is “proud” to be a partner of the 2018 National Sports Convention, being held next week at the...
Jul 10, 2018
Sport /
Finance /
Recreation /
Venues /
Aquatics
World’s largest group fitness provider turns 50
Marking half a century in the fitness industry this year, the family behind Les Mills, the world’s largest group fitness provider, have shared their remarkable story of...
Jul 4, 2018
Sport /
Marketing /
Finance /
Wellness /
Fitness
Village Roadshow sells Wet'n'Wild Sydney to Spanish attractions operator
Village Roadshow has offloaded its Wet'n'Wild Sydney waterpark to Spanish attractions operator Parques Reunidos for a reported up-front purchase price of $40 million. Agreed as...
Jul 1, 2018
Finance /
Attractions /
Waterparks
Tourism businesses support new border tax
A majority of tourism businesses in New Zealand are prepared to support a new border tax on international visitors, as long as it is spent where there is the greatest need. More...
Jul 1, 2018
Tourism /
Finance /
Government
Local sports clubs to benefit from VicHealth funding
More than 130 Victorian sports clubs will share in over $370,000 to make getting active even easier for Victorians thanks to VicHealth’s Active Club Grants. Building on momentum...
Jun 29, 2018
Sport /
Finance /
Recreation /
Government
10 bidders invited to contest next stage of A-League expansion process
Football Federation Australia (FFA) has announced that it has invited 10 bidders - from 15 formal submissions - to take part in the next stage of a process to expand the Hyundai...
Jun 29, 2018
Sport /
Finance