LONDON, July 18 (Reuters) – Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.
The company, dominated by billionaire founder James Packer before he agreed to sell last year, agreed to the payment in May after allegations over wide-ranging governance problems sparked inquiries in all the states in which it operated, plus an investigation by the financial crime watchdog.
Billy D’Elia, who was known as ‘Big Billy’ when he ran the Buffalino crime family beginning in the mid-1990s, shared with journalist Matt Birkbeck how Trump once shaved $1million off a deal to buy the land for his Trump Plaza Hotel and Casino.
Ocado Group has three parts to its business – Ocado Retail, an online supermarket joint venture with Marks & Spencer ; UK Logistics, which provides fulfillment and delivery support to UK partners, and Technology Solutions which licenses its robot technology for warehouses to other retailers, such as Kroger in the United States, Aeon in Japan and Casino in France.
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Crown, which was bought by Blackstone after the events at the centre of the scandal took place, said in a statement that the court approval brings an end to the historical anti-money laundering and counter-terrorism financing “failures at Crown”.
LIMASSOL, Cyprus July 11 (Reuters) – Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets.
“Whenever any offers come, as a management team and a board I’ve got a responsibility to take them seriously but it’s not something I’m out pursuing,” founder and CEO Tim Steiner told reporters after Ocado reported first half results.
Core earnings were expected to record a loss of between 165 million euros and 175 million euros for the first half, compared with a profit of 191 million euros in the same period of 2022, due to lower sales and lower prices at its hypermarkets and supermarkets.
Ocado shares surged 32% on June 22 after The Times newspaper reported speculation of possible bid interest in the online supermarket from more than one U.S.
suitor including tech heavyweight Amazon. At the time, both companies declined to comment.
Cyprus’s geographical location, at the crossroads of three continents with its proximity to Israel, North Africa and the rest of Europe was a bonus, as was its “climate and lovely beaches,” Ho told Reuters.
SYDNEY, July 11 (Reuters) – An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator Crown Resorts for breaking anti-money laundering laws, 프리카지노쿠폰 ending the darkest chapter in the company’s history.
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The former president has long touted his success in Atlantic City, even writing about it in his biography and bragging about his business acumen on the campaign trail ahead of the 2016 presidential election.
On Tuesday, Pigasse told French daily les Echos that 3F’s offer would be raised, without giving further details, and the newspaper said Kretinsky would also raise his offer. Kretinsky’s representatives could not be immediately reached for comment while Casino declined to comment.
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Casino said in a statement on Wednesday court-appointed mediators who are trying to broker a deal with the group’s creditors by July 27 had set a deadline for the two rival camps to present revised bids for the group no later than 1900 GMT (3 p.m.
Czech billionaire Daniel Kretinsky is vying against a consortium led by telecoms entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari to take control of Casino, which is saddled with net debt of 6.4 billion euros ($7.13 billion) and teetering on the brink of default.
Cash-strapped French retailer Casino said a new deadline for rival bidders to present their rescue offers for the group had been set for July 14 as it reported a further drop in sales in the second quarter.
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