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Leisure & Recreation

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Ctrip's Invested Companies, Elong And Tongcheng Network, Announce Agreement To Merge

Friday, 29 Dec 2017

Dec 29 (Reuters) - Ctrip.Com International Ltd ::CTRIP'S INVESTED COMPANIES, ELONG AND TONGCHENG NETWORK, ANNOUNCE AGREEMENT TO MERGE.CTRIP.COM INTERNATIONAL - E-DRAGON HOLDINGS AND TONGCHENG NETWORK ENTERED TRANSACTION DOCUMENTS IN CONNECTION WITH MERGER AS TONGCHENG-ELONG HOLDINGS​.‍CTRIP, ALONG WITH TENCENT HOLDINGS LIMITED , WILL BE MAJOR STRATEGIC SHAREHOLDERS OF TONGCHENG-ELONG​.‍JAMES LIANG, CTRIP'S CO-FOUNDER AND EXECUTIVE CHAIRMAN, WILL SERVE AS NEW COMPANY'S CO-CHAIRMAN​.HEPING MA, TONGCHENG CO-FOUNDER AND TONGCHENG NETWORK PRESIDENT AND HAO JIANG, ELONG CEO, WILL BE CO-CEOS OF NEW CO.

Drive Shack Inc Announces Agreement To Internalize Management

Thursday, 21 Dec 2017

Dec 21 (Reuters) - Drive Shack Inc ::DRIVE SHACK INC. ANNOUNCES AGREEMENT TO INTERNALIZE MANAGEMENT.DRIVE SHACK INC - ENTERED INTO DEFINITIVE AGREEMENTS WITH ITS EXTERNAL MANAGER, FIG LLC TO INTERNALIZE COMPANY'S MANAGEMENT FUNCTION.DRIVE SHACK INC - IN CONNECTION WITH TERMINATION OF EXISTING MANAGEMENT AGREEMENT, COMPANY WILL MAKE A ONE-TIME CASH PAYMENT OF $10.7 MILLION TO MANAGER.DRIVE SHACK INC - INTERNALIZATION WILL BECOME EFFECTIVE ON JANUARY 1, 2018.DRIVE SHACK INC - TRANSACTION WAS NEGOTIATED AND UNANIMOUSLY APPROVED BY A SPECIAL COMMITTEE.

Thomas Cook Looks To Close 50 Stores As Part Of Ongoing Review

Friday, 1 Dec 2017

Dec 1 (Reuters) - Thomas Cook Group Plc ::THOMAS COOK- ANNOUNCES PROPOSAL TO CLOSE 50 STORES AS PART OF ITS ONGOING REVIEW OF ITS RETAIL NETWORK IN THE UK.THOMAS COOK - STORE CLOSURES, SHOULD PROPOSALS GO AHEAD, WOULD OCCUR BETWEEN NOW-MARCH 2018; ARE MIX OF THOMAS COOK, CO-OPERATIVE TRAVEL BRANDED STORES‍​.THOMAS COOK- STORES AFFECTED ARE EITHER IN CLOSE PROXIMITY TO OTHER STORES OR ARE LOCATED WHERE A DECLINE IN FOOTFALL HAS IMPACTED PROFITABILITY.

SeaWorld Entertainment reports Q3 earnings per share $0.64

Tuesday, 7 Nov 2017

Nov 7 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment, Inc. reports third quarter and nine months 2017 results.Q3 earnings per share $0.64.Q3 revenue $437.7 million versus I/B/E/S view $451.2 million.Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.SeaWorld Entertainment Inc - ‍Attendance in Q3 of 2017 declined by approximately 732,000 guests compared to prior year Q3​.SeaWorld Entertainment Inc - ‍Expects to achieve its targeted $40 million in net cost savings by end of 2018​.SeaWorld Entertainment Inc - ‍Has also identified an additional $25.0 million in cost savings opportunities​.SeaWorld Entertainment Inc - ‍Has narrowed its 2017 adjusted EBITDA guidance range to $280 million to $295 million​.SeaWorld Entertainment Inc - ‍Less than 15% of company's expected 2017 attendance remaining in November and December​.SeaWorld Entertainment- ‍Qtrly attendance adversely impacted by decline in U.S. domestic, international attendance, effects of hurricanes Irma & Harvey​.SeaWorld Entertainment Inc - ‍SeaWorld San Diego was further impacted by a decline in attendance from Southern California market in quarter​.SeaWorld Entertainment - ‍Expects to deploy majority of cost savings from restructuring into marketing and advertising initiatives in 2018.

Shanghai Film to sell 17.4 pct stake in film company

Wednesday, 1 Nov 2017

Nov 1(Reuters) - Shanghai Film Co Ltd <601595.SS>:Says it plans to sell 17.4 percent stake in a Chongqing-based film company via listing on equity exchange, for about 82.5 million yuan .Says it will cut stake in the Chongqing-based company to 12.6 percent after transaction.

Tivoli reports interim revenue of DKK 841.7 mln for Jan 1-Sept 30 2017

Monday, 30 Oct 2017

Oct 30 (Reuters) - Tivoli A/S :‍Supervisory board of Tivoli A/S has at board meeting considered and adopted interim report for period Jan 1 - Sept 30 2017​.‍Revenue including Tenants and lessees : DKK 841.7 million compared to DKK 860.4 million for 9 months ended Sept 2017.‍Profit after tax DKK 24.2 million compared to DKK 26.1 million last year​ for Jan 1 - Sept 30 2017.‍Weather and other external factors may have great impact on Tivoli's business and thus development in profit for year​.‍2017 revenue is still expected to be slightly lower than 2016​.

H.I.S. to fully acquire Jonview Canada

Friday, 27 Oct 2017

Oct 27 (Reuters) - H.I.S. Co Ltd <9603.T>:Says it plans to fully acquire Jonview Canada Inc from TRANSAT A.T. INC. in late November, at the price of about C$44 million .Says Jonview Canada Inc is mainly engaged in inbound tour operator business in Canada.

KNT-CT Holdings to set up new units to take over travel related business from units

Thursday, 26 Oct 2017

Oct 26 (Reuters) - KNT-CT Holdings Co Ltd <9726.T>:Says it plans to set up three new units in Tokyo to take over travel related business from two other wholly owned units, with effective date on April 1, 2018.Says it plans to take over creditor's rights and debts of the two wholly owned units, with effective date on April 1, 2018.Says a Tokyo-based unit will merge with unit CT and the Tokyo-based unit will be dissolved after merger on April 1, 2018.

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