Industry News – General developments across sectors
Excellent governance, risk, and compliance (GRC) is a common aspiration, but how often is it a reality? For most companies, GRC is still a work in progress, according to McKinsey’s 2025 Global GRC Benchmarking Survey. Despite attempts to broaden expertise at senior levels, corporate leaders have indicated a “need for improvement” across various aspects of […]
Summary The Indian Hotels Company (IHCL) is ramping up its waste management initiatives through a collaboration with United Way Mumbai, leveraging its sustainability framework known as Paathya. This partnership focuses on innovative and community-driven waste management solutions aimed at enhancing public health and promoting environmental stewardship. Ongoing efforts include daily beach clean-ups in Mumbai, where […]
Las Vegas is facing a significant drop in tourism, with March’s gaming revenue plunging for the second month in a row, igniting fears of a potential ‘Trump Slump.’ This downturn is attributed to recent tariffs and new foreign policies, which analysts believe are driving visitors away from the iconic gambling destination. Source: G3 Newswire Key […]
Macau is shaking things up by tapping into the concert boom as part of its strategy to diversify revenue under a new 10-year gaming concession. With successful events driving tourist traffic, hotel bookings, and a surge in restaurant spending, the region is keen to build on this momentum. Industry leaders, like Jeffrey Jiang from Galaxy […]
MGM Resorts International has officially signed a new employment deal with CEO Bill Hornbuckle, extending his contract through the end of 2028. This agreement includes an advisory role for Hornbuckle to support the company’s integrated resort project in Osaka, Japan, following the completion of his contract. Paul Salem, chairman of MGM Resorts, praised Hornbuckle as […]
Mohegan has successfully completed a significant overhaul of its capital structure, marking a key moment in its corporate history. This refinancing effort has involved restructuring the group’s debt and is seen as a crucial step towards enhancing financial stability and operational efficiency. Source: G3 Newswire Key Points Mohegan generated net revenues of $418.8 million in […]
Summary Reform UK is under scrutiny after it advertised remote work opportunities while its leader Nigel Farage advocates for an end to home working. Following impressive local election results, Farage proclaimed that remote workers should seek new careers, yet the party still seeks candidates for positions allowing home working. This inconsistency raises questions about the […]
In the world of business, every leader knows the drill when it comes to financial risks but seems to stumble on the cyber front. This article tackles how CEOs can step up their game in understanding and managing cybersecurity threats, which could lead to hefty financial losses if ignored. The Current Challenges With Assessing Risk […]
Organisations are grappling with the growing DEI backlash, prompting a necessity for robust communication strategies to address public perception while reinforcing internal values. Dame Maria Miller and Advita Patel discuss the essential role of HR and PR in navigating this complex landscape. Source: Personnel Today Key Points DEI is a concern for the entire organisation, […]
Summary H.I.G. Capital has merged Converge Technology Solutions and Mainline Information Systems to form a new entity named Pellera Technologies, valued at $4 billion. This merger aims to bolster capabilities in cybersecurity, cloud infrastructure, and AI, as the combined company looks to elevate customer experiences and compete strongly in the fragmented North American IT services […]
