The FBI have praised Australian police for helping them smash an alleged drug and illegal gambling ring. Picture: Getty – NEWS.com.au

Gambling

The FBI have praised Australian police for helping them smash an alleged drug and illegal gambling ring. Picture: Getty THE FBI and US prosecutors have praised Australian authorities for helping smash what they allege was an international narcotics trafficking and illegal gambling ring. Owen Hanson Jr, a former college gridiron player already wanted in Australia…

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Slater & Gordon shares plunge after cashflow update delayed – Sydney Morning Herald

Bankruptcy

Slater & Gordon shares have given back a third of the week’s strong gains. Photo: Jessica Shapiro Slater & Gordon shares slid by as much as 17 per cent as the company appears to have missed its self imposed deadline to update investors about closely watched cashflows.   In a statement to the Australian Stock Exchange on Thursday morning,…

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How the dealmaker Donald Trump bungled the deal of a lifetime – The Australian Financial Review

Gambling

Real estate magnate Donald Trump, who earlier said his native New York had become a “cesspool of corruption and incompetence,” promises “there won’t be stupid deals anymore” once he’s elected president. by Timothy O’Brien Here comes Donald Trump, again and again touting his prowess at dealmaking. There goes Donald Trump, again and again touting his prowess…

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GSPC to restructure business to improve credit profile – Business Standard

Restructuring

The Gujarat State Petroleum Corporation Limited (GSPC) is restructuring its business to improve its credit profile. According to the scheme, GSPC will hive-off its participating interest in the Krishna-Godavari Deen Dayal West (KG-DDW) block and its related assets and liabilities to GSPC Offshore. The remainder of GSPC’s businesses (including exploration and production…

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