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16 hours ago |
news.bloomberglaw.com | Steven Church |Jonathan Randles
The former chief executive officer of a string of bankrupt, dolphin-themed animal parks is facing a $10,000-a-day fine, after he was accused of using credit-card readers he bought at Costco to divert ticket revenue away from his company’s Mexican locations. A federal judge in Delaware imposed the sanctions on Eduardo Albor, who has been fighting US-based lenders for control of The Dolphin Company, which has theme parks in Latin America, the US and Europe.
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20 hours ago |
news.bloomberglaw.com | Christopher Palmeri |Nacha Cattan |Laura Nahmias |Patrick Clark
Vicki Been, the chair of New York’s Gaming Facility Location Board, says she’s never been to a casino. “That’s nowhere I want to spend my time,” said Been, a former deputy mayor for housing and economic development for New York City. She now leads the board that will decide which three of eight high-profile bidders — Mets owner Steve Cohen and MGM Resorts International among them — will win a license to operate a casino in downstate New York. The initial bids are due Friday.
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1 day ago |
news.bloomberglaw.com | Kari Lindberg |Haram Lim
EQT-backed South Korean cyber security firm SK Shieldus Co. has launched an around $2.4 billion-equivalent syndicated loan to refinance a facility that had backed its acquisition, according to people familiar with the matter. The five-year refinancing, which is denominated in Korean won, is being marketed to the broader market, notably to South Korean banks, said the people, who asked not to be identified discussing private matters.
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1 day ago |
news.bloomberglaw.com | Jayna Rohslau
PayPal Holdings Inc. Chief Executive Officer Alex Chrisssaid adoption of stablecoins in the US still faces significant hurdles and will take time to achieve. “From a consumer standpoint, there isn’t a real incentive to drive adoption, which is why we are starting to create things like rewards and starting to incentivize users,” Chriss said in a Bloomberg TV interview Thursday.
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1 day ago |
news.bloomberglaw.com | Jayna Rohslau
PayPal Holdings Inc. Chief Executive Officer Alex Chrisssaid adoption of stablecoins in the US still faces significant hurdles and will take time to achieve. “From a consumer standpoint, there isn’t a real incentive to drive adoption, which is why we are starting to create things like rewards and starting to incentivize users,” Chriss said in a Bloomberg TV interview Thursday.
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