Finance

OSCARS ROLL INTO CASINO CANBERRA

Posted on May 16th, 2022 by Clyde Mooney
The Gravanis brothers have expanded the Oscars empire further, securing agreement from Aquis Entertainment to purchase Casino Canberra for $52 million. Casino Canberra is the largest asset of ASX-listed Aquis Entertainment, controlled by Hong Kong billionaire mogul Tony Fung, who

ENDEAVOUR REPORTS PUBS UP

Posted on April 22nd, 2022 by Clyde Mooney
ASX-listed Endeavour Group has released its latest trading figures, reflecting a certain COVID bounce amid natural disaster challenges. The release covers group sales for the period from 3 January to 3 April, 2022. The Hotels division, aka ALH, exhibited trading

AVC REFINANCES AS BLUE-CHIP FREEHOLDS TURN GOLD

Posted on April 20th, 2022 by Clyde Mooney
The booming Australian Venue Co is refinancing a new $600 million debt facility, as investors flock to hold the deeds on its pubs around the country. Most recently, the freehold of the Bentley Hotel and associated First Choice Liquor outlet

ENDEAVOUR POSTS STRONG RESULTS DESPITE LAGGING PUBS PORTFOLIO

Posted on February 25th, 2022 by Clyde Mooney
Australia’s largest publican, the ASX-listed Endeavour Group, aka ALH, reported mixed financial results this week, prompting a share price surge. Representing the milestone of its first full financial reporting period since listing, Endeavour (ASX:EDV) has both benefitted and suffered at

DAMIAN KELLY’S PUB PORTFOLIO ON THE BLOCK

Posted on January 17th, 2022 by Clyde Mooney
The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong,

KICKON WELCOMES A NEW VENUE AND STAKEHOLDER

Posted on November 8th, 2021 by Clyde Mooney
The fast-growing Kickon Group has taken its next step into Queensland, and kick-started its progressive new Pub Partner Program. Kickon has now settled on the iconic Osbourne Hotel in Brisbane’s Fortitude Valley, which is its first official acquisition since rebranding

CHARTER HALL & HOSTPLUS’ $1.7BN DEAL FOR ALE

Posted on September 22nd, 2021 by Clyde Mooney
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the

WHY REDCAPE IS DELISTING: DAN BRADY

Posted on September 13th, 2021 by Clyde Mooney
Ending a turbulent, pandemic-tainted stint on the Australian Stock Exchange, listed pub group Redcape will soon return to private ownership following an overwhelming shareholder vote. Having taken several forms and been in the hands of multiple movers and shakers, Redcape

ENDEAVOUR RELEASES FIRST FINANCIALS

Posted on August 27th, 2021 by Clyde Mooney
Australia’s largest drinks and hospitality business, the recently listed Endeavour Group (ASX:EDV), has announced its first end of financial year results, finding a less than positive reaction. After splitting from parent company Woolworths (ASX:WOW) in June, Endeavour hit the open

YOUNG PUTS UP A FRIEND

Posted on August 18th, 2021 by Clyde Mooney
Wallaby hotelier Bill Young has listed his twice-loved Friend in Hand of Glebe, to focus on the family’s growing stable of large-format pubs. Built 1858, the two-storey Friend is a vestige of Glebe’s blue collar past. It is close to