Company Updates

Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea

Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea

South Korea-based Hyundai Motor Corporation has announced plans to install a nationwide network of ultra-fast charging E-Pit stations.

Australia’s Crown Resorts 'not suitable' for Sydney gaming license: Inquiry Commission

Australia’s Crown Resorts 'not suitable' for Sydney gaming license: Inquiry Commission

Crown Resorts Limited, Australia’s largest casino & entertainment operator, has been found unsuitable to hold a gaming license in Sydney.

Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal

Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal

NASDAQ-listed casino operator Eldorado Resorts’ recently announced plans to raise funds could be a catalyst to finalize its proposed $17.3 billion deal to takeover Caesars Entertainment Corporation, Wolfe Research analyst Jared Shojaian said.

The Star Sydney Hotel & Casino signs new 20-year tax agreement with EGM exclusivity

The Star Sydney Hotel & Casino signs new 20-year tax agreement with EGM exclusivity

Australian gambling and entertainment giant “The Star Entertainment Group Ltd” has confirmed that it has signed a 20-year arrangement that will enable The Star Sydney Hotel & Casino to pay a flat 29 percent tax on all revenues from its mass-market gaming tables for the next twenty years.

Forge shares soared with Roy Hill contract

Forge-GroupJust about a month ago shares of Forge Group suffered an unexpected implosion after the engineering group had a near-death experience. This morning its shares jumped nearly 66 per cent in volatile trading on heavy turnover, suggesting either the worst is behind it or there is something more strategic happening.

Seagate Technology to Acquire Xyratex

SeagateOn Monday, Seagate Technology, one among the world's largest storage solutions providers, announced that they have entered into a definitive agreement under which the company acquires Xyratex which is an important data storage technology company that develops test systems for hard disk drives.

Xyratex shares were up 27% at $13.25 per share in morning trading, matching Seagate's offer price.

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