Posts Tagged ‘USA’

The Heritage Foundation puts Australia in top three countries for doing business

Thursday, February 20th, 2014
Photo credit; Marc Falardeau on Flickr

Photo credit; Marc Falardeau on Flickr

Conservative US think tank The Heritage Foundation has named Australia as third freest nation in which to do business, putting the country behind Hong Kong and Singapore, and above New Zealand and Taiwan in fourth and fifth place.

”With an economy that benefits from sound fundamentals including monetary stability, low public debt, and a vibrant employment market, Australia has weathered the global economic uncertainty well,” the Foundation said.”Openness to global trade and investment is firmly institutionalised, supported by a relatively efficient entrepreneurial framework and a well-functioning independent judiciary.”

The US dropped from the world’s 10th to 12th freest of the 186 nations surveyed.

Heritage Foundation analyst Bryan Riley said that while in the organisation’s view Labor’s stimulus package during the global financial crisis had been a negative, Australia’s bipartisan commitment to free trade and support for foreign investment, as well as its relatively low tax rates, were enough to keep it near the top.

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Jumbo Interactive celebrates successful expansion to Germany

Thursday, July 18th, 2013

Brisbane-based Jumbo Interactive saw its stock price jump by 15% recently on news that it has been granted licenses to sell lottery tickets via web and mobile throughout Germany.

The company estimates the online lottery ticket market in Germany will be worth $2 billion in five years.

Jumbo also operates the popular gambling site OzLotteries.com, among other lottery and game sites, where customers buy lottery tickets with Jumbo acting as an agent and earning a portion of sales. This online lotto-agent business has high margins and may still grow following the incredible success of the last 10 years, in which net profits grew from a net loss to nearly $7 million for the 2012 financial year.

Jumbo Interactive also has business interests in Mexico and the USA.

To read more about this story, click here.