There are now over 700 operational PFI/PPP projects in England and Wales across all sectors, with a capital value of over £60 billion. More interestingly, over £200bn remains outstanding to be paid to the private sector for the provision of services over the remainder of the contract term, making the potential scale of the issue…
PARAMUS, N.J. (CBSNewYork) One Bronx native has a warning for football fans who may try to wipe out their gambling debt on Super Bowl Sunday. Frank began betting as a 10-year-old boy. Thirty years later with a wife, two kids and a house in the suburbs he was down $100,000 for the 1998 NFL season.…
Some breather Calcutta: Corporate resolution of financially stressed companies under Insolvency and Bankruptcy Code, 2016 received a leg up in the Union budget after the Centre allowed multiple tax relief to iron out some of the glitches from the process. The government allowed bidders to suck the benefit of unabsorbed depreciation or huge losses when…
For over 50 years a family little-known in Sydney society has controlled legal gambling in Tasmania. All of it. Every single gaming machine in the state is theirs. The Keno is theirs. They own one of the two casinos and a controlling stake in the other. By one calculation, 70¢ of every dollar lost by…
It has been one of the worst kept secrets in the gambling world: prominent real estate figure John McGrath has a $16.2 million gambling debt to the Tom Waterhouse- run betting company William Hill Australia. This would be the biggest debt ever in gambling history by a single person to a single company in Australia,…
Mount Holly native David Childers will pay a visit to the White Horse Black Mountain at 8 p.m. on Friday to sing his country/folk-flavored original songs along with bass and lead guitar accompaniment supplied by the Serpents Trio. The opener will be Morgan Geer, leader and core member of the noirish alt-country band Drunken…
Chris who joined Twitter only in November last year said he did not know any of the people who had helped him. “It was my first time interacting with them and I didn’t believe [they would really help] until the first one deposited” he told TimesLIVE shortly after registering at the institution on Friday morning.…
Official receiver says axe will fall on back-office roles but adds 919 jobs have been saved A worker guides down a sign showing the name of liquidated British construction and outsourcing group Carillion. Photograph: Daniel Sorabji/AFP/Getty Images At least 377 former Carillion staff will be made redundant, the Insolvency Service has said, as it sifts…
A former director of AMI and NRM, Mr Jacov Vaisman, was declared bankrupt yesterday with the Federal Court granting the ACCCs application for a sequestration order. The Courts order follows Mr Vaismans failure to pay the ACCCs costs amounting to $3,679,359.00 in proceedings brought by the ACCC against AMI and then NRM. The Court also…
BRDO PRI KRANJU, Slovenia, Feb 2 (Reuters) – The euro zones bailout fund could in the future be at the centre of any restructuring of sovereign debt in the single currency area as part of reforms of the way the zone functions, the head of the fund said on Friday. The main task of the…