Billionaire pub baron Bruce Mathieson is looking to bolster his stake in the casino sector, applying to the regulator to increase his already substantial holding in the troubled Star Entertainment. Principle investor in Endeavour, keeper of the country’s largest pub group and operator of EGMs, Australian Leisure & Hospitality (ALH), Mathieson is said to have […]
Endeavour has posted what it describes as a “solid” performance for the quarter, seeing stability across pubs and retail, and continued investment in the pursuit of patronage. The ASX-listed Endeavour (EDG) released its FY23 Q3 financials in the past week, noting that both its revenue segments were in growth. “Australians love socialising and our network
ALH POSTS STRONG RESULTS AMID CONTINUED INVESTMENT Read More »
Melbourne- based private equity company BGH Capital is running the ruler over Australian Venue Co’s business plan and venues around the country, looking to submit a speedy pre-Christmas takeover bid. Australian Venue Co (AVC) major shareholder KKR reportedly engaged investment bank Jefferies to scope potential buyers in September, with hopes for a new fund to
Endeavour Group has released its Q1 trading figures for FY23, reporting “accelerated” sales in its fleet of pubs and growth in retail, compared with pre-COVID levels. Australia’s largest pub operator and liquor retailer, the ASX-listed Endeavour Group (ASX:EDG), detailed group sales for the quarter of $3.028 billion, which is 3.1pc higher than FY22. Sales for
ENDEAVOUR Q1 RESULTS HERALD STRONG REBOUND IN PUBS Read More »
Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement from Aquis to purchase Casino Canberra for $52 million. Under pressure from other interested parties,
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 holds nearly 90 per cent of its stock. Aquis acquired the Casino in 2014 and
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 improved as COVID-19 related restrictions eased, up 3.8 per cent on the same corresponding period
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 in central Perth sold for just over $10 million, leased to the AVC-Coles partnership until
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 the hands of the COVID pandemic. The announcement Monday cited its hotel operations, a portfolio
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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, the Crown Hotel in Surry Hills, and most recently the North Nowra Tavern. All are
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