Author: Admin

Ladbrokes owner Entain said on Monday BetMGM, its U.S. sports-betting joint venture with MGM Resorts, raised its annual revenue and core earnings forecast, driven by strong growth in its iGaming and online sports divisions.BetMGM, which has been growing its online presence and capitalising on a booming e-betting market, now expects revenue of at least $2.6 billion and core earnings of at least $100 million in fiscal 2025, Entain said.It had earlier forecast revenue of between $2.4 billion and $2.5 billion, and positive earnings before interest, taxes, depreciation, and amortization (EBITDA).

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RALEIGH, N.C. — North Carolina congressional and legislative districts drawn by Republicans that helped them retain majorities in Raleigh and Washington are in court, as federal lawsuits accuse mapmakers of illegally eroding Black voting power in the process.A trial scheduled by a three-judge panel will start Monday in Winston-Salem over allegations that GOP legislative leaders violated federal law and the U.S. Constitution when they enacted new electoral maps in the ninth-largest state in October 2023. Republican leaders counter that lawfully partisan — and not racial — considerations helped inform their decision-making.The lines were used in the 2024 elections, after which…

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Published Mon, Jun 16, 2025 · 01:10 PM[WASHINGTON]  Law enforcement in Minnesota have caught the suspected killer of a Democratic state lawmaker and her husband, US media reported late on Sunday, ending a nearly two-day manhunt.The suspect, 57-year-old Vance Boelter, was captured alive in a rural area where a large contingent of local, state and federal agents had been searching throughout the day, the New York Times and CBS News reported, citing unnamed officials. “There was no use of force by any member of law enforcement that was out there, and the suspect was taken into custody without an use…

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[HANOI] The United States is pushing Vietnam in tariff talks to reduce the use of Chinese tech in devices that are assembled in the country before being exported to America, three sources briefed on the matter said.Vietnam is home to large manufacturing operations of tech firms such as Apple and Samsung, which often rely on components made in China. Meta and Google also have contractors in Vietnam that produce goods such as virtual reality headsets and smartphones. The South-east Asian nation has been organising meetings with local businesses to boost the supply of Vietnamese parts, with firms showing willingness to cooperate…

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BANGKOK :Flag carrier Thai Airways International on Monday said it will exit its debt restructuring programme and expects to resume trading its shares on the stock market by early August.Thailand’s national airline went into bankruptcy-protected restructuring in 2020, reducing its workforce by half and trimming its fleet.Since 2023, the airline has made a continuous operating profit every quarter, it said in a statement, a sharp turnaround for the carrier that had been booking losses nearly every year after 2012.The airline has a debt obligation to creditors of around 190 billion baht ($5.86 billion), according to a court order, of which…

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[SINGAPORE] Could some new luxury low-rise apartments or landed homes be coming up soon in prime District 10 near the Singapore Botanic Gardens? Such private homes are likely to be well-received by buyers as they will sit in a desirable established residential enclave.The recent announcement of the land-swop agreement between the Singapore government and the Regent of Johor (ROJ) Tunku Ismail Sultan Ibrahim paves the way for the ROJ to develop land in the Holland Road area.The land swop involves the Johor royal exchanging a 13 hectare (ha) site (Plot C, in map), located closer to the Singapore Botanic Gardens,…

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[BANGKOK] Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap.The Central Bankruptcy Court in Bangkok on Monday (Jun 16) granted the national carrier’s plea to emerge from the court-supervised debt rehabilitation. The airline successfully completed the restructuring as it managed to increase capital as specified under the plan, restructure business its without any delay, and generate profit before tax, the court said. The exit will now allow the company to carry out normal business operations five years after it fell into pandemic-triggered financial distress…

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[ZURICH] On his first day as chief executive officer, Stefan Bollinger told staff at Julius Baer Group that they should not be afraid to speak up and reach out to him if there was anything that needed changing. He received more than 1,000 e-mails.The response underscores the mood at a storied firm that has been tarnished by a series of scandals – and which Bollinger, a two-decade veteran of Wall Street titan Goldman Sachs, was brought in to fix. Within weeks of taking over in January, he cut back most of his management team and introduced a co-head structure for…

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