Industry News – General developments across sectors
Paycom Europe Limited has scored an important win by receiving a Payment Institution (PI) license from the Central Bank of Ireland (CBI). This opens up exciting growth opportunities for Paycom across Europe and enhances its payroll services. Source: Article URL Key Points Paycom Europe Limited is now recognised as a Payment Institution (PI) by the […]
Bench, the accounting and tax startup acquired last December, has recently confirmed significant layoffs. While the company didn’t disclose the exact number, insiders estimate dozens of positions—especially in client success and tax services—have been eliminated. The new owner, Employer.com, stated that the decision was not made lightly, with many employees now working as independent contractors […]
Research reveals that nearly a third of UK employees would log off early during a heatwave, highlighting an emerging trend in workplace dynamics. Findings show that employers need to adapt their policies to maintain engagement and productivity in extreme weather conditions. Source: HR Magazine Key Points 31% of workers would likely clock off early during […]
Summary The Sabah and Sarawak Labour Ordinance (Amendment) Acts 2025 officially came into effect on 1 May 2025, marking a crucial step in standardising labour laws across Malaysia. With these revisions, the government aims to ensure equal rights and welfare for workers throughout the nation, finally harmonising laws among Peninsular Malaysia, Sabah, and Sarawak after […]
Foreign companies are increasingly exiting China due to mounting regulatory pressures, escalating operational costs, and economic uncertainties. Whether considering a full closure of your Wholly Foreign-Owned Enterprise (WFOE) or a strategic downsizing, understanding the nuances of this process is crucial. This four-part guide provides step-by-step insights for determining the right exit strategy, preparing your processes, […]
MGM Resorts is making big moves with a strong first quarter announcement and plans for a significant bid in New York. CEO Bill Hornbuckle shared the company’s strategy for expansion at the Empire City Casino and highlighted robust growth in their digital divisions during their earnings call. Source: Article Key Points MGM reports a solid […]
Vici Properties has made a significant move by entering into a $510 million financing deal to support a tribal casino in northern California, owned by the North Fork Mono Rancheria and operated by Station Casinos. This is a notable partnership for both companies, marking Vici’s first transaction with Station. Source: CDC Gaming Key Points Vici […]
Light & Wonder has confirmed that Glenn Huybrecht, who served as Vice President & Managing Director for Asia, has left the company just four months into his role. Ken Jolly, who had previously stepped down in January, will now take over his responsibilities. Huybrecht joined the firm in early 2024 and aimed to lead the […]
Station Casinos executives have expressed confidence in their ability to weather a potential recession, citing a more resilient Las Vegas locals market compared to previous downturns. During an earnings call, Red Rock Resorts’ CFO, Stephen Cootey, highlighted the company’s solid business model and strategic expansion plans as indicators of their preparedness. Source: Article URL Key […]
Paycom Europe Limited, a subsidiary of Paycom Software, has received a Payment Institution licence from the Central Bank of Ireland. This move allows Paycom to expand its single-database payroll software across Europe, including Ireland and other EEA member states. Being one of only 26 firms with this authorisation, Paycom aims to streamline payroll processes for […]
