SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
Aristocrat Leisure will sell its Plarium Global mobile-gaming unit to Sweden’s Modern Times Group as the Australian gaming company increasingly focuses on regulated gaming and slot machines.
Australia’s TPG Telecom agreed to sell its fixed-fiber network to Vocus, generating funds for future shareholder returns and investment into its mobile operations.
Star Entertainment reported a massive annual loss in its delayed results as the embattled Australian casino owner moves to shore up its balance sheet and keep hold of its license to operate in Sydney.
Australian retail group Premier Investments reported a near 5% fall in annual profit and said it is delaying the demerger of its Smiggle stationery chain while it discusses a separate deal with department-store operator Myer.
Nine Entertainment Chief Executive Mike Sneesby will step down at the end of the month ahead of the release of an independent review into the Australian media conglomerate’s workplace culture.
Australian buy-now-pay-later operator Zip is in talks with Apple to integrate its installment-payments product in the U.S., and expects to announce partnerships with more large U.S. merchants in its current fiscal quarter, its CEO said.
Efforts by the White House to onshore manufacturing jobs and incentivize U.S. emissions reductions are giving a lift to 3D-printing companies, many of which had previously looked to Asia for international growth.
Millions of the wooden pallets go missing every month, creating headaches for suppliers and hiccups in the supply chain. Finding them takes some serious shoe leather.