Star Entertainment, the operator of Sydney’s Star, Jupiters on the Gold Coast and Treasury Casino in Brisbane, has been formally granted a new casino licence for Queen’s Wharf Brisbane. The issuing of the licence, for a joint venture of which Star has a 50% interest, triggers a $213 million payment to the Queensland Government. Star’s share is $77 million, which is expected to be paid by October 27. A consortium last year closed a deal for the $3 billion Queen’s Wharf Brisbane Integrated Resort Development, a major hotel, casino and residential complex. The Destination Brisbane Consortium — the Star Entertainment Group (formerly Echo Entertainment), Far East Consortium (Australia) and Chow Tai Fook Enterprises — is the contractor responsible for delivering the project. NOW WATCH: Money & Markets videos Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help … [Read more...] about Star Entertainment gets a casino licence for Queen’s Wharf Brisbane
Entertainment
New data from LinkedIn shows how digital upstarts like Netflix and Spotify are taking over the entertainment business
Streaming services like Netflix and Spotify are overtaking traditional entertainment companies in staff size and market share of employees, according to data from LinkedIn. LinkedIn Economist Guy Berger described the entertainment industry trend toward digital companies as reflective of trends in the US workforce at large. Streaming services like Netflix and Spotify have overtaken a number of traditional entertainment companies and prominent film studios in staff size over the past five years, according to LinkedIn data on employee numbers shared exclusively with Business Insider. The site compared the total employee counts of the top 10 entertainment-industry companies in 2013 and 2018. Netflix moved up six spots on the list from No. 9 in 2013 to No. 3 this year, while music streaming giant Spotify moved from No. 12 to No. 6. The music streaming service Pandora also entered the top 10 after being previously unranked in 2013. LinkedIn’s data on employee numbers showed that … [Read more...] about New data from LinkedIn shows how digital upstarts like Netflix and Spotify are taking over the entertainment business
Kingsmen Creatives’ US-based subsidiary to partner with Hasbro to open NERF brand family entertainment centres in APAC
COMMUNICATION design and production group Kingsmen Creatives announced on Thursday that its US-based subsidiary Kingsmen Xperience has entered into a licencing agreement with global play and entertainment company Hasbro International to create, build and operate the NERF brand family entertainment centre (FEC) attractions across the Asia-Pacific.The agreement between Hasbro and Kingsmen marks the start of an inaugural partnership and entry into the development and operation of NERF FEC attractions across the Asia-Pacific region.Under the terms of the agreement, Kingsmen will co-conceptualise, create, build and operate multiple NERF FEC attractions across Asia-Pacific with the first location to open by 2019 in Singapore. Andrew Cheng, group chief executive officer of Kingsmen, said: "This new concept attraction and collaboration with Hasbro marks our entry into the development and operating of LBE (location-based entertainment), and an expansion of our business portfolio. This exciting … [Read more...] about Kingsmen Creatives’ US-based subsidiary to partner with Hasbro to open NERF brand family entertainment centres in APAC
Thales to offer in-flight entertainment system to Garuda Indonesia
THALES has partnered with Garuda - Indonesia's flag carrier - for the first time, both companies announced at the Singapore Airshow on Tuesday.The French aerospace company will equip 14 of Garuda's new A330neo aircraft with its AVANT in-flight entertainment system. Both companies declined to disclose the valuation of the deal.The AVANT in-flight entertainment system, which is based on an open Android platform, promises to support multiple languages and features high-definition monitors for all passengers. Business-class passengers can also enjoy the Avii touchscreen handsets.The announcement comes as Garuda expects to welcome a double-digit increase in passenger growth in 2018. … [Read more...] about Thales to offer in-flight entertainment system to Garuda Indonesia
Spackman Entertainment Group is planning to launch a new cryptocurrency called K Coins
Singapore catalist-listed Spackman Entertainment Group is launching its own cryptocurrency called K Coins.The group said in a statement on Monday (Feb 5) that it is in preliminary discussions to launch an initial coin offering (ICO) for K Coins, subject to necessary approvals from relevant parties and regulators.Spackman, which has its headquarters in South Korea, plans to use K Coins to fund artist and content projects.Token holders will be given access to products and services by Spackman Entertainment Group, including merchandise, movie and drama-related events and more.The group also wants to partner with Spackman Media Group, the largest entertainment talent agency in Korea, to allow K Coins to be used towards the participation and purchase of artist-based projects, such as photography works, fan meetings, concerts and merchandise.Spackman Entertainment Group CEO Richard Lee said: “Blockchain technology is an innovative approach to leverage our content and talent management … [Read more...] about Spackman Entertainment Group is planning to launch a new cryptocurrency called K Coins