casino
French retail company Casino on Wednesday said it had a net loss of €2.6 billion ($2.8 billion) in 2023 from continuing operations in Group share, compared to a loss of €185 million the previous year. This is notably reflecting the increase in financial expenses and impairment of Monoprix and Franprix assets in connection with the new November 2023 business plan. Loss per share from continuing operations was €24.17 compared to a loss of €2.15. Underlying net loss, Group share, was €1.45 billion compared to a loss of €323 million, prior year. Underlying loss per share was €13.93 compared to a l...
DPA Breaking News
French retail company Casino reported that the Paris Commercial Court approved the accelerated safeguard plans to bail out the company and some of its subsidiaries. The company said that in the absence of a suspensory appeal, it is anticipated that all transactions provided for in the financial restructuring will be completed on March 27. Casino said the implementation of share capital increases planned as part of the financial restructuring will result in massive dilution for existing shareholders and Rallye will lose control of the company to the benefit of the consortium.
DPA Breaking News
Die staatlich-konzessionierten Spielbanken in Deutschland haben im vergangenen Jahr deutlich mehr Besucher angezogen und Geld eingenommen. Mehr als 6,8 Millionen Besucherinnen und Besucher sorgten 2023 an Automaten und Tischen für ein Plus beim Bruttospielertrag von rund 20 Prozent auf gut 1,3 Milliarden Euro, wie der Deutsche Spielbankenverband (DSBV) in Baden-Baden mitteilte. Der Bruttospielertrag gibt die Differenz zwischen den Einsätzen und den Gewinnen der Spielerinnen und Spieler an und ist die zentrale Umsatzgröße der Branche. 2022 waren rund 5,5 Millionen Besucherinnen und Besucher in ...
DPA (German)
New York (AFP) - The former jewel in the crown of Donald Trump's bankrupted Atlantic City casino empire was demolished Wednesday with 3,000 sticks of dynamite. The detonator button was pressed shortly after 9:00 am (1400 GMT), reducing the Trump Plaza Hotel and Casino to a pile of rubble in just a few seconds. Closed since 2014, the casino was Trump's first property in the US coastal gambling town in which he came to own several properties. It opened in 1984 and has undergone little to no maintenance since shuttering. On several occasions during storms, pieces of its exterior have fallen onto...
AFP
Warren Buffett has made no secret about how he feels about gambling, and he especially warns investors against treating the stock market like a massive casino. From time to time, he has warned against taking on margin debt, or buying stocks with borrowed money, and piling on exotic investments.Q3 2020 hedge fund letters, conferences and moreGambling in the stock marketIn an interview with CNBC in February 2018 (via USA Today), he said many people "like to gamble in the stock market." He described such a habit as "insane," adding, "To risk starting all over again and losing everything is madnes...
ValueWalk
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