Online sports betting boosted bankruptcies debt collections: study
Online sports betting is increasing consumer stress as access to gambling proliferates, a new study found. A US Supreme Court ruling in 2018 led to 38 states legalizing sports gambling. In its wake, researchers found a “substantial increase” in auto loan delinquencies, bankruptcies and debt collections in states that permitted online sports betting, according to the working […]
Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan
Embattled Chinese developer Sino-Ocean Group faces the risk of liquidation amid challenges to secure enough consent votes on a restructuring proposal, as a key bondholder group is “strongly opposed” to it. Linklaters, the legal adviser for an ad hoc group of bondholders, organised a meeting on Wednesday to advocate a veto of the developer’s proposal, […]
FHE secures $215m debt financing for Waroona
Frontier Energy has mandated a financier backed by tech billionaire Mike Cannon-Brookes to provide up to $215m of debt for a renewable energy project in WA. Infradebt is an Australian specialist infrastructure fund which provides investors with fixed income products and a transparent investment approach. Its products include the Infradebt Energy Transition Fund, which is […]
Small Biz Struggles: ATO Debt, ASBFEO Service, Tech Outage
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Jess McGuire. ABC Radio NSW Regional Subjects: Small business conditions, ATO debt collections, ASBFEO Tax Concierge Service, global computer outage. Jess McGuire Now, you might have heard the grace period that was offered during the Covid lockdowns has ended and the Australian Taxation Office […]
Venture debt startup Fundabl raises $3.2m
A Sydney-headquartered venture debt company founded in 202https://www.businessnewsaustralia.com/1 has completed a $3.2 million raise and upsized its existing debt facility to support more startups, as Fundabl’s co-founder Ethan Singer makes the bold claim that the company can sit alongside the biggest names in Australian venture capital. As a self-described “new breed of lender”, within a […]
Small Biz Conditions, ATO Debt, Tax Help, Global Outage
Australian Small Business and Family Enterprise Ombudsman Bruce Billson interview with Jess McGuire. ABC Radio NSW Regional Subjects: Small business conditions, ATO debt collections, ASBFEO Tax Concierge Service, global computer outage. Jess McGuire Now, you might have heard the grace period that was offered during the Covid lockdowns has ended and the Australian Taxation Office […]
People who lost jobs in business failures thrown vital lifeline by Insolvency Service
The Redundancy Payments Service (RPS) received 85,592 redundancy payments claims in 2023-2024 Funding of £494 million from National Insurance payments helped people who had been left in financial crisis The service ensured claims for redundancy payments were processed in an average of 10 days The Insolvency Service paid out more than £490 million in redundancy […]
Tech debt: the hidden cost of innovationTech debt: the hidden cost of innovation :: Technology Decisions
Businesses are under relentless pressure to innovate and modernise, especially in today’s AI-driven environment. Recent research by Endava highlights that AI and generative AI are the top tech priorities globally, but business-grade AI requires far more than a freemium interface like ChatGPT. These advanced tools demand intensive computing power and intricate integrations with other applications. […]
GemPharmatech (SHSE:688046) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt […]
ASIC warned over ANZ-AOFM bonds investigation
The corporate regulator was demanding detailed information on government bond transactions involving ANZ in January this year, as it sought to unravel a contentious $14bn bond placement. Correspondence released to The Australian shows the Australian Office of Financial Management shared at least 22 documents concerning ANZ Bank with the corporate regulator between January and May […]