STOCKHOLM, June 9, 2021 /PRNewswire/ — Evolution today announced the launch of Gonzo’s Treasure Hunt™, a ground-breaking online live game show and the world’s first live casino game to bring together live and slots-style gameplay, and the first with the option to play in VR (Virtual Reality) mode. Inspired by the famous Gonzo character and… Continue reading Evolution launches Gonzo’s Treasure Hunt™, blending live casino and slots, as the world’s first online game show with VR mode
Tag: Strategy
Electric truck maker Lordstown warns of going concern risk
Lordstown, which went public last year through a reverse merger with a special-purpose acquisition company (SPAC), has struggled with the launch of its Endurance pickup truck. The truck is being built at a former General Motors Co plant in northeast Ohio. By Ankit Ajmera and Ben Klayman New Delhi: U.S. electric truck maker Lordstown Motors… Continue reading Electric truck maker Lordstown warns of going concern risk
Travel Services Market in India to observe $ 11.11 Billion growth during 2021-2025 | Technavio
NEW YORK, June 9, 2021 /PRNewswire/ — The travel services market in India is poised to grow by USD 11.11 billion during 2021-2025, progressing at a CAGR of almost 12% during the forecast period. The report on the travel services market in India provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well… Continue reading Travel Services Market in India to observe $ 11.11 Billion growth during 2021-2025 | Technavio
Alibaba Cloud earmarks $1b for investments in Asian tech startups …
Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, has announced it will invest $1 billion to support startups in the Asia-Pacific region over the next three years. The $1-billion commitment will be the initial funding for Project AsiaForward, an initiative that seeks to cultivate a million-strong digital talent pool, support 100,000 developers,… Continue reading Alibaba Cloud earmarks $1b for investments in Asian tech startups …
How SoftBank’s bets in green energy soured in India
SoftBank executives were at hand to support Nanda, who asserted that SB Energy was in India for the long haul. Less than a week later, billionaire Gautam Adani’s Adani Green Energy Ltd (AGEL) would announce the acquisition plans for SB Energy India. By then, SoftBank, under chairman and CEO Masayoshi Son, had been on a roller-coaster ride as… Continue reading How SoftBank’s bets in green energy soured in India
Lordstown Motors warns it doesn’t have enough cash to produce electric trucks
Lordstown Motors has been among the startups (Rivian, Canoo) promising electric pickups that can compete with the current titans of the truck world, but an update today shows the company’s future is in doubt. The New York Times reports on a filing with the SEC that shows the company’s ability to move forward as a… Continue reading Lordstown Motors warns it doesn’t have enough cash to produce electric trucks
Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
After revealing its dynamic ‘Retail of the Future‘ (RoTF) sales strategy last week, Mercedes-Benz India has assured that its dealers (now called franchise partners) will continue to hold key importance in the company’s business operations in the country. The new retail dynamic, which is similar to a direct-to-consumer model and involves elimination of inventory costs… Continue reading Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards
Hyundai Motor Group Chairman Euisun Chung has been honoured with the Issigonis Trophy at the 2021 Autocar UK Awards ceremony. Chung gets the 2021 Autocar Awards’ top accolade in recognition of the incredible contribution that he and the firm have made to the global automotive industry. Named in honour of legendary car designer Sir Alec Issigonis, the trophy is… Continue reading Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards
Don’t trust that SPAC deck
The continuing saga of Lordstown Motor’s struggles as a public company took a new turn today as the electric truck manufacturer made yet more news. Bad news. Shares of Lordstown are down sharply today after the company reported in an SEC filing that it does not have enough capital to build and launch its electric… Continue reading Don’t trust that SPAC deck
GOL To Acquire Brazilian Airline MAP Transportes Aéreos
SÃO PAULO, June 8, 2021 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), (“GOL” or “Company”), Brazil’s largest domestic airline, today announces it has entered into an agreement to acquire MAP Transportes Aéreos Ltda. (“Transaction” and “MAP”, respectively), a Brazilian domestic airline with flight routes to regional destinations and São Paulo’s… Continue reading GOL To Acquire Brazilian Airline MAP Transportes Aéreos