The 2015 Australasian Gaming Expo will throw open its doors in less than 100 days as the industry gears up for another ‘bigger and better’ on the now streamlined Glebe Island. Last year’s Expo was the first in the all-new temporary facility, being used until the new Exhibition Centre is completed in late 2016. With […]
The 2015 budget has shaped up as the year for small business, as both parties have now aggressively targeted the so-called ‘engine room’ of Australia. Following the Treasurer’s revelations on Tuesday about a 1.5 per cent tax cut and $20k in immediate deductions for enterprises grossing under $2 million, last night the Opposition Leader countered
EDITOR’S RANT – BUDGET BIDDING: ALL GOOD FOR (SMALL) BUSINESS Read More »
Two big gaming pubs in Sydney’s west have hit the market as the Feros Group ‘swaps opportunities’. Operating five large format pubs, the family-run Feros Group has honed in on successes in foodservice, these days plating up over 15,000 mains every week. Speaking exclusively with PubTIC, CEO Chris Feros explained they have put the Panania
TWIN GAMING PUBS FOR SALE AS ‘OPPORTUNITY BECKONS’ Read More »
The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858 corner pub has drawn a lot of public interest and hammer-time drew well over 200
Amid the ubiquitous media coverage of the latest Federal Budget revelations, the ‘Small Business Package’ contained has been recognised as a positive step for tourism and hospitality. Applying to businesses with annual turnover of less than $2 million, the tax cuts and other concessions are tipped to promote growth opportunities that will result in new
The long-fought rivalry between Tabcorp and Tatts continues, with the growing battle for the prized digital market ironically triumphing venues. Earlier this year Tatts Group launched its digital service Tattsbet, but even more recently rebranded it with the fresh name Ubet. Already holding a commanding market share in this highly-competitive space with its Tab.com.au, TAB
BETTING GIANT CITES VENUE IMPORTANCE IN BATTLE FOR DIGITAL Read More »
A dispute over the sale of Coogee Pavilion could see Merivale’s Justin Hemmes in court against the vendor, former Rothschild CEO David Kingston. An agreement in March last year saw the celebrity operator sign on to take over the former Coogee Palace, in a ‘put & call’ agreement that saw $5 million down and a
One of the best-known pubs in Sydney’s Paddington has hit the market, as development in the area and market conditions prove irresistible. Speaking with PubTIC, long-time operator of the Light Brigade Hotel, Dean Haritos, said the temptation to test the market was largely prompted by his increasingly diverse business interests. “I’ve had a number of
LIGHT BRIGADE HITS MARKET RUNNING AMID BIG POTENTIAL Read More »
The Urban Purveyor Group is planning “aggressive” growth likely to see initiatives such as the franchising of its popular Bavarian Bier Cafes. Late 2014 UPG appointed veteran Tom Pash as CEO, with founder John Szangolies assuming the role of executive chairman. Pash has previously been CEO of a US REIT that amassed a $2bn hospitality
After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age 22. In 1988 he was awarded Life Membership. He was selected for the NSW Blues
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