News: Finance
Rio disappointments ignites battle over Olympic sports governance
A public battle between Australian sports administrators that erupted as the 2016 Olympic Games close in Rio has highlighted deep rifts between the Australian Sports Commission...
Aug 22, 2016
Sport /
Finance
Chinese investors snap up Whitsunday island for $25 million
Daydream Island owner China Capital Investment Group has acquired South Molle island in the Whitsundays in the heart of the Great Barrier Reef for about $25 million. The...
Aug 21, 2016
Tourism /
Hospitality /
Finance /
Attractions
Ardent Leisure sells Goodlife Health Clubs in $260 million deal
Multi-sector leisure operator Ardent Leisure has reportedly agreed a $260 million deal to sell its Goodlife Health Clubs division to private equity firm Quadrant. Having been...
Aug 18, 2016
Finance /
Fitness
Olympic performance dips as Australian Olympic Committee salaries soar
The senior executive payroll at the Australian Olympic Committee (AOC) has more than doubled since the Sydney Olympics even though Australia's Games medal haul has halved. A...
Aug 18, 2016
Events /
Sport /
Finance
New program to help fitness businesses maximise benefits in providing nutrition advice
Fitness businesses can now offer members and clients fitness, nutrition and mindset orientated advice as part of Metabolic Jumpstart’s spring 8-Week Challenge. Commencing on...
Aug 15, 2016
Events /
Finance /
Wellness
ASTN accesses investment funds for sports technology entrepreneurs
The Australian Sports Technologies Network (ASTN) has announced the continuation of its partnership with The Australian Sports Tech Company (TASC) as a key investor into the...
Aug 13, 2016
Sport /
Finance /
Technology
Gold Coast Tourism resurgence suggests positive outlook for Ardent Leisure businesses
Leading analysts Citi have predicted that multi-sector leisure business Ardent Leisure will benefit from a resurgence in Gold Coast tourism, further roll-out of its US family...
Aug 12, 2016
Tourism /
Finance /
Attractions /
Entertainment /
Fitness
Likely Fitness First break-up to include sale of Asian and Australian gyms
Virgin Active Health Clubs and Chinese private equity firms are reportedly among a group of potential buyers for Fitness First’s Asian and Australian gyms, as the break-up of...
Aug 10, 2016
Finance /
Wellness /
Fitness
Australian rugby seeks new Super Rugby sponsor
The Australian Rugby Union (ARU) is seeking a new naming rights sponsor for Super Rugby with Asteron Life having elected to end its support for the competition. Asteron Life’s...
Aug 7, 2016
Sport /
Marketing /
Finance
Opera House opening the first stage in the largest cultural centre in the world
Set to be a momentous event for the United Arab Emirates, the upcoming opening of the Dubai Opera House on 31st August is just the first stage in what is planned as the world’s...
Aug 6, 2016
Culture /
Finance /
Venues /
Entertainment /
Arts
Baseball Australia secures full ownership of the Australian Baseball League
Baseball Australia has announced that it has secured 100% ownership of the Australian Baseball League (ABL) with former league partner, North America’s Major League Baseball...
Aug 3, 2016
Sport /
Marketing /
Finance /
Retail
Australian Regional Tourism Network to research local government spending in tourism
The Australian Regional Tourism Network (ARTN) has secured funding from Austrade, state tourism organisations and industry associations undertake nationwide research into local...
Aug 3, 2016
Marketing /
Tourism /
Finance
New Zealand Government backs AJ Hackett Bungy's new Queenstown adventure experience
Adventure tourism innovator AJ Hackett Bungy is being backed by a $500,000 grant from the Ministry of Business, Innovation and Employment (MBIE) to develop a world-first...
Aug 3, 2016
Tourism /
Safety /
Finance /
Recreation /
Attractions
Funlab explores new ownership options
Leading Australian out-of-home entertainment company Funlab, the operator of Strike bowling bars as well as Sky Zone trampolines centres and Exitus escape rooms, is evaluating...
Jul 26, 2016
Finance /
Recreation /
Attractions /
Entertainment
Auckland Council to contribute to St James Theatre restoration
Auckland Council’s Finance and Performance committee has agreed to make a major contribution to the restoration of the city’s St James Theatre. The Council will provide a...
Jul 25, 2016
Finance /
Venues /
Entertainment /
Arts
Gold Coast 2018 security plan set for updates amid rising costs
A review of security ordered by Australian Prime Minister Malcolm Turnbull in the wake of recent international terror attacks is likely to impact on the security costs of the...
Jul 24, 2016
Events /
Sport /
Finance /
Venues /
Security
Plus1 matched funding program for arts organisations returns
Creative Partnerships Australia’s successful matched funding program for arts organisations, Plus1, is back for 2016/17. Through Plus1, small to medium arts organisations...
Jul 21, 2016
Culture /
Finance /
Arts
Labour costs set to slow Victoria’s tourism sector
The Victoria Tourism Industry Council (VTIC) is predicting that the state’s tourism and recreation sector will take a hit later this year from easing domestic and international...
Jul 21, 2016
Tourism /
Finance /
Recreation
Repucom rebranded as Nielsen Sports after $260 million sale
Australian-founded global sports marketing agency Repucom has been rebranded as Nielsen Sports following the company having been purchased by the research giant last month in a...
Jul 19, 2016
Sport /
Marketing /
Finance
Queensland Government backs sport and recreation
The Queensland Government is to provide over 70 state sport and recreation organisations with more than $30 million in funding over three years to increase Queenslanders’...
Jul 18, 2016
Sport /
Finance /
Recreation /
Government
Stadium and Arena Congress to address the current age of venue developments
Drawing on expertise in staging the annual World Stadium Congress, organiser IQPC will be staging the Stadium and Arena Australia and New Zealand Congress in Sydney in October....
Jul 17, 2016
Sport /
Design /
Finance /
Venues /
Entertainment
Construction to start on Thames Indoor Sports Facility
The Thames Coromandel District Council and the Thames Community Board have jointly agreed to proceed with construction of the new Thames Indoor Sports Facility. With fundraising...
Jul 14, 2016
Sport /
Finance /
Recreation
New A-League head commits to expansion
Football Federation Australia (FFA) has announced the appointment of Greg O’Rourke as the new Head of Hyundai A-League. Appointed ahead of the 2016/17 A-League season, O’Rourke...
Jul 14, 2016
Sport /
Marketing /
Finance
Cricket Australia announces $4 million backing for grassroots women's cricket
Record participation numbers over the past summer have encouraged Cricket Australia (CA) to invest $4 million into women's cricket. The governing body is extending its...
Jul 12, 2016
Sport /
Culture /
Finance /
Recreation