The bottom line has hit the directors of ASX-listed Lantern Hotel Group, as big shareholders succeed in ousting them in favour of more experience and the promise of potential. Millinium Asset Services served Lantern (LTN) notice in April it was exercising its right as a 24 per cent shareholder to call a general meeting. This […]
BIG BUSINESS BITES LANTERN HOTELS DIRECTORS AS STAKEHOLDERS OUST OLD FOR NEW Read More »
Funds manager Charter Hall and super giant Hostplus have quietly acquired another three ALH pubs as the battle of the listed landlords continues. Following the pair’s $600 million vehicle, the Long WALE Investment Partnership (LWIP) that last year bought 54 freeholds tenanted by the Woolworths-backed ALH, another $200 million was recently raised for LWIP 2
The O’Hara family have parted with their Nags Head Hotel – selling with “mixed feelings” to high-flyer Geoff Dixon. After 15 years that have seen mum the licensee, all seven kids working within, and both Dan and his brother having met their wives at the pub, the O’Hara family has worked hard to keep the
The Gaming Technologies Association is bringing the tech to this year’s big show – with live updates for savvy visitors through its new-generation AGE app. The Australasian Gaming Expo (AGE) will take place 11-13 August at the Sydney Exhibition Centre @ Glebe Island, showcasing the latest and greatest in gaming technology, products and services. Following
The Bayfield family has swooped on Paddington’s Light Brigade to launch “a new chapter” in their already long pub history. After eight years at the helm outgoing owner Dean Haritos has divested the freehold going concern citing other interests, in a deal sources say was worth around $9 million. For the incoming, it represents the
One of the old-timers of Sydney’s Oxford Street party scene has sold, as patronage drop in the lockout zone drives property value into other options. The Exchange Hotel, at the lower end of Oxford St, near Hype Park, has been operating for over a century. For the past three decades it has thrived in a
OXFORD ST ICON CLOSES AS LATE-NIGHT ECONOMY DIES Read More »
Ten years after relaxing its licensing laws to cries of ‘alcoholic anarchy’ the UK has found the move may have been the best thing it could have done. Britain’s Institute of Economic Affairs (IEA) has released a report on the effects of the legislation brought in by the Labour Government in 2005. Despite panicked claims
The immensely popular venue game Keno has initiated a re-launch to “drive customers into pubs and clubs”. Played by an estimated 2.7 million each year and delivering $62 million back to players in winnings each month, the Tabcorp subsidiary is undergoing a transformation that will “deliver a fresh, customer-driven experience” to more than 3,600 venues
A Victorian country pub has struck gold – selling naming rights to its … everything. Telling the kind of kitsch situational comedy that sometimes captures the fickle attentions of “The Internet” the Tatura Hotel has launched a campaign to “shamelessly name parts of [the] pub” for a contribution to its renovation fund. Fronted by publican,
A brawl on the streets of Darling Harbour has left a man in a coma. Emilio Bonanni was walking down Eastern Promenade at Cockle Bay Wharf with friends when a verbal altercation began with three other men, which escalated into a brawl between the two groups. According to witnesses a lot of punches were thrown,
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