Cruise industry competitors Norwegian Cruise Line Holdings(NASDAQ:NCLH) and Royal Caribbean(NYSE:RCL) have formed a panel of health and safety experts to create a template for operating safely once t…
Regal Owner Cineworld Swings to First-Half Loss, Says “No Certainty” on Future Impact of COVID-19 – Hollywood Reporter
CEO Mooky Greidinger also reemphasizes the firm will only show films that respect the theatrical window and says “negotiations with the banks remain ongoing in order to obtain covenant waivers in respect of December 2020 and June 2021.”
Exhibition giant and Regal owner Cineworld Group on Thursday swung to a loss for the first half of 2020 as revenue fell sharply amid the novel coronavirus pandemic, which led to cinema closures worldwide.
Revenue fell to $712.4 million, adjusted EBITDA dropped to $53.0 million, and the group swung to an after-tax loss of $1.58 billion, or $436 million on an adjusted basis.
Revenue in the comparable period of 2019 had come in at $2.15 billion, with after-tax profit of $200.8 million, and adjust…
Warning over Woolworths Ooshies priced at tens of thousands of dollars online – 9News
Auction site eBay is packed with Disney 'Ooshies' listed at extortionate prices, despite being handed out for free at the local Woolworths. But eBay has a warning for anyone trying to make a quick buck.
Crown gave Packer secret profit forecast before $1.7b share sale – Sydney Morning Herald
Crown Resorts boss Ken Barton says the $1.7b share sale to Lawrence Ho’s Melco Resorts could have stopped the briefs to James Packer.
Mr Barton told the inquiry he did not know that deal was underway when he shared his profit forecasts, which he did as part of an arrangement intended to maintain a “strong relationship” with Mr Packer under a “controlling shareholder protocol”.
Under that agreement, Crown officers could only share information with Mr Packer if it was in the interests of Crown and had to consider whether doing so could be inappropriate or benefit others.
Counsel assisting the inquiry Adam Bell asked Mr Barton …
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