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Starbucks on Monday announced it is forming a joint venture with Boyu Capital to operate the company’s locations in China. Under the terms of the deal valued at $4 billion, Boyu, an alternative asset management firm, will hold up to a 60% interest in the joint venture. Starbucks will hold a 40% stake and maintain […]
The court battle between billionaire Richard Desmond and the UKGC will begin this week to decide the license to run the National Lottery. Northern & Shell and The New Lottery Company (TNLC), owned by Desmond, is suing the UK Gambling Commission for up to £1.3 billion in a battle over the license to run the […]
Paramount Skydance on Monday confirmed that it will acquire The Free Press in a $150 million deal — and elevate its founder, Bari Weiss, to the top role as editor in chief of CBS News. Weiss, 41, will run a new, debate-style program at the Tiffany network, similar to the debates that Free Press — […]
The National Council on Problem Gambling (NCPG), the national organization, no longer has control of the 1-800-GAMBLER gambling addiction hotline, as a New Jersey organization will now operate it. This comes after a legal battle has ensued, with New Jersey Superior Court Judge Douglas H. Hurd having ordered the NCPG to ‘cease and desist’ from […]
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The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship’s Super Heavy Booster to the launch site. Sergio Flores | Afp | Getty Images Over the weekend, Elon Musk got his new […]
Mayor Eric Adams’ administration has chosen two foreign firms to run the Downtown Manhattan Heliport, raising concerns in some national-security circles because the president’s Marine One chopper uses it. The city Economic Development Corporation selected Downtown Skyport LLC — a partnership between Skyports Infrastructure, a UK-based firm and the operator of the London Heliport, and […]
