Latest news with #Avenir
Yahoo
09-07-2025
- Business
- Yahoo
Wix, Monotype to Expand Font Library & Empower Creators Globally
Ltd. (WIX) recently partnered with Monotype Imaging Inc., a renowned name in typography and font technology. The collaboration significantly expands Wix's font library, offering users, including self-creators, professional designers and agencies, access to a wide array of high-quality typefaces that elevate content and align with unique brand identities. Ranging from timeless classics like Helvetica and Avenir to modern icons such as Recoleta, Kibitz Pro and Aether, the enhanced library is poised to upgrade Wix's creative toolkit. The new fonts available through the Wix-Monotype partnership cover a wide range of styles and uses, making them perfect for small business owners, entrepreneurs, creative agencies and personal projects and portfolios. According to Wix, the fonts were carefully selected in collaboration with Monotype's team of type design experts, creating a globally inclusive and stylistically varied library that supports all creators, regardless of their skill level or design background. Typography now plays a crucial role in brand identity, and platforms like Wix are making it easier to craft unique, on-brand digital experiences. By collaborating with Monotype, Wix demonstrates its commitment to providing top-quality design tools for everyone, from experts to large enterprises. Wix's mission has always been to enable users to create professional, attractive websites without writing code. This move further confirms Wix's transition from a template-based website builder to a comprehensive design platform that combines ease of use with extensive customization options. Wix remains committed to advancing its strategic priorities by investing in AI capabilities, Studio and commerce platforms. Recently, it partnered with a global leader in B2B e-commerce, to empower digital entrepreneurs, small businesses and emerging brands by expanding their global presence and simplifying international trade. By combining Wix's robust commerce infrastructure with extensive wholesale network, the partnership aims to unlock seamless global trade opportunities in more than 200 countries and regions. In April 2025, the company joined forces with ActiveCampaign, a top marketing automation platform, to offer an all-in-one solution for businesses, franchises and multi-location brands. This helps simplify website and marketing tools, making operations easier and boosting customer engagement. Wix is also committed to balancing sustainable revenue growth with improved operating efficiencies. The company aims to achieve "Rule of 45" at the high end of its 2025 outlook, a financial strategy that integrates revenue growth rate and profit margin. Strong execution in AI, Studio and operational cost management is likely to drive higher margins and record profitability. With Studio performing strongly and AI-driven usage and conversion improving, Wix expects these initiatives to be key growth drivers for 2025. Nonetheless, amid ongoing economic uncertainty, Wix remains cautious about its full-year outlook, mainly due to its Business Solutions unit. This part of the business, including commerce and GPV, is highly sensitive to consumer spending and economic shifts. While forex trends offer slight short-term relief, they don't solve the bigger risks. The business looks stable now, but the situation is fragile and could change quickly. WIX currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 26% in the past six months compared with the Computers - IT Services industry's decline of 5.4%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader technology space are NETGEAR, Inc. (NTGR), Ubiquiti Inc. (UI) and Cognizant Technology Solutions Corporation (CTSH). NTGR currently sports a Zacks Rank #1 (Strong Buy), while UI and CTSH carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. NETGEAR's earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 179.12%. In the last reported quarter, NTGR delivered an earnings surprise of 105.71%. Its shares have gained 105.7% in the past year. Ubiquiti earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 29.93%. In the last reported quarter, UI delivered an earnings surprise of 61.29%. UI shares have skyrocketed 177.5% over the past year. Cognizant's earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 6.38%. In the last reported quarter, CTSH delivered an earnings surprise of 3.36%. Its shares have grown 19.2% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report Ltd. (WIX) : Free Stock Analysis Report Ubiquiti Inc. (UI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Times
08-07-2025
- Business
- Business Times
New York City casinos could become world's biggest, bidders predict
[NEW YORK] Bidders for three New York City-area casino licences are projecting revenue that would place them among the most lucrative resorts in the world, according to an analysis of their proposals. In Manhattan, the Freedom Plaza project is expected to generate US$2.2 billion in annual revenue in its first year of operation, rising to US$4.2 billion by year 10, while billionaire Steve Cohen's project near Citi Field in Queens is forecast to produce US$3.9 billion annually by year three, according to executive summaries the bidders filed with the New York State Gaming Facility Location Board. Those sums rival some of the world's top casino performers. Las Vegas Sands' Marina Bay Sands resort in Singapore generated US$4.2 billion in total revenue last year. Wynn Resorts' two Las Vegas casinos, the Wynn and Encore, produced a combined US$2.57 billion in revenue in 2024. The Coney, a resort proposed for Coney Island, is the only project that shared specific revenue estimates by source and year. Its backers, including real estate investor Joe Sitt, project US$669 million in table-game revenue and US$754 million in slot-machine revenue in its first year of operation. By comparison, Wynn's two Las Vegas casinos generated US$611 million from table games and US$446 million from slots last year. Eight bidders submitted proposals on Jun 27. Their bids still need approval from groups of state and local officials, and will be summited to the state location board if they pass muster. The board plans to pick the winners by Dec 1. The projects would bring the first full-fledged casinos to America's most-populous city. The bidders are a mix of billionaires, property owners and established casino operators. Three of the proposals are for Manhattan, with the rest in a suburb or outer borough. Revenue estimates are just projections, and the numbers may change as the bidders update their offers later in the process. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Caesars Entertainment has proposed a casino in Times Square that it said would generate US$23.3 billion in gambling revenue alone over 10 years. A spokesperson for the project called it an opportunity to generate 'historic tax revenue' for the city. 'We see all of Times Square becoming the resort, with local restaurants, hotels and Broadway theaters all directly benefiting,' the spokesperson said. The Avenir, from developer Larry Silverstein, projects US$2.5 billion in gambling revenue in its first full year. 'Locating a destination casino in Manhattan will generate the most revenue for the state, according to New York's own independent study,' the Avenir executive summary said. 'It is not in the economic interest of Manhattan to force its tourists to travel to other boroughs to enjoy gaming and its amenities.' A study by consultants Spectrum Gaming Group projected nearly US$2.1 billion in gambling revenue for a hypothetical Manhattan-based casino, with ones in the outskirts generating far less. MGM Resorts International, which operates a slot-machine-only facility in Yonkers, and Genting Group's Resorts World, which has a similar property next to the Aqueduct racetrack in Queens, said their gambling revenue would more than double if they're allowed to add table games like blackjack and sports betting. MGM projected casino revenue of as much as US$1.39 billion annually, while Resorts World said its casino revenue would jump to US$2.2 billion a year by 2027. Projections from eager developers can sometimes get ahead of reality. The first four casinos to open in upstate New York fell short of initial projections, as did a temporary casino Bally's opened in Chicago in 2023, ahead of a bigger resort it's building there. Bally's, which is proposing a casino at a company-owned golf course in the Bronx, is projecting US$1 billion a year in gambling revenue when it opens. It said the resort would generate US$200 million annually in gaming-related taxes. As part of the New York bidding process, candidates will suggest their own tax rates for their casino revenue, a process designed to maximise the state's take. That last step has not happened yet. Two of the New York bidders said they were using the minimum 10 per cent tax rate on table games and 25 per cent rate on slot machines required by the state to estimate their proposed tax contributions. Others did not specify tax rates. BLOOMBERG
Bloomberg
26-06-2025
- Business
- Bloomberg
NYC Casino Bidders Add Pledge for More Than 2,000 Apartments
New York real estate developer Silverstein Properties is promising to convert office buildings into 2,000 new apartments in a bid to win a coveted casino license in Manhattan. The sweetener adds to Silverstein's pitch to invest $7 billion in a major casino project on Manhattan's west side. The developer would work with Metro Loft to purchase and convert offices in the area into residences — 500 of which would be considered affordable — if Silverstein's project, called the Avenir, is awarded one of the casino licenses.
Finextra
17-06-2025
- Business
- Finextra
Avenir Registrars gets Pisces-ready
Avenir Registrars, the next-generation securities registrar, has this morning announced the release of its Register-lite suite of products. 0 Designed to accommodate the needs of growth companies, including those who may be considering listing under the proposed PISCES framework, the flexible structure offers a CSD-compatible securities register where the functionality can be tailored to meet the company's needs as they grow. Hardeep Tamana, Managing Director of Avenir Registrars, commented: 'Technology has always been at the heart of the Avenir proposition. By tailoring our existing suite of registry products, we have launched Register-lite to deliver a right-sized solution, allowing growth companies to manage their shareholder register - or cap table - in a way that is both functional and future-proof. Unlike other products on the market, Register-lite is fully compatible with a CSD, enabling companies to migrate seamlessly to more formal market structures as they grow.' With more companies staying private for longer, PISCES offers a once in a generation opportunity to reinvigorate London as a capital market. Founders and early stage investors will benefit from a verifiable market price for their investments, as well as having the ability to liquidate holdings or raise fresh capital. Jai Baker, Head of Business Development at Avenir Registrars, added: 'With the PISCES project now coming to fruition, we taking action to bridge some of the gaps that exist in the infrastructure that will be required to support those businesses who may be considering the framework at some point in time. Our flexible and modular registry services offer issuers a right sized solution that can grow to meet their needs, significantly reducing future administrative burdens.' The accurate recording of shareholder names and any subsequent transfer of ownership is a vital role that needs to be undertaken by any UK business to ensure compliance with the Companies Act. A Central Securities Depositary (CSD) plays a critical role in managing this process, especially as transactions in a company's security grow in volume. Ensuring cap tables or registers can seamlessly integrate with a CSD can prove instrumental in supporting the growth of a business.
Travel Daily News
10-06-2025
- Business
- Travel Daily News
Direct ATPI announces global rollout of Avenir: Travel Edition
Direct ATPI expands Avenir: Travel Edition to Europe, offering a unified, tech-driven travel platform with real-time data, automation, and expert support globally. Direct ATPI, the global travel management organisation formed by industry leaders ATPI and Direct Travel, announced the international expansion of Avenir: Travel Edition. Already live in the U.S., the platform delivers a modern, open approach to managed travel, connecting every part of the journey in one seamless, end-to-end experience. Avenir: Travel Edition combines powerful automation, real-time insights, and always-on expert support. Powered by Spotnana Cloud for TMCs and enhanced by Direct ATPI's renowned customer service, it brings together the best of technology and human care to drive better results for travellers and organisations alike. As the only TMC in the UK and Europe with exclusive access to the entire platform, Direct ATPI will create travel programmes fit for the future. Built on a cloud-native, API-first infrastructure, Avenir: Travel Edition, eliminates the fragmentation of traditional systems. It gives companies the control, cost efficiency, and traveller experience needed to thrive in today's fast-changing environment. Following its success in the U.S., Direct ATPI will launch the platform across the UK and Europe in the second half of 2025, with full global rollout planned throughout 2026. The company will draw on its established support network spanning 85 countries. Key Benefits for Travel Managers and Organisations: Single-instance architecture for simplified global management, faster feature rollouts, and a consistent traveller experience across regions Smarter cost control and improved traveller satisfaction through greater choice, flexibility, and visibility Broadest content access across air, hotel, rail, and car – via GDS, direct NDC integrations, and other supplier connections Modern user interface that enables fast, personalised bookings – driving higher adoption and reducing program leakage Real-time self-service for itinerary changes and cancellations One unified platform for booking, service, and compliance – streamlining operations and elevating service continuity Adam Knights, Regional Managing Director at Direct ATPI states: 'Avenir: Travel Edition is not just a platform, it's a blueprint for the future of business travel. By combining powerful, modern technology with the high-touch service we're known for, we're delivering the agility, consistency, and intelligence global travel programmes demand today. This is about giving our clients a smarter way to manage travel no matter where in the world their people do business.' Christal Bemont, CEO of Direct Travel, added: 'This launch represents more than just technology, it's a continuation of the strong partnership we've built with ATPI over the years. Together, we've taken everything we've learned from decades of serving global clients and channelled it into a platform that simplifies travel, delivers real-time insight, and supports travellers at every step. Avenir: Travel Edition is the result of that shared vision for a better global travel solution.' A Platform Designed to Meet Real-World Needs With more business travellers turning to off-platform consumer sites due to complexity and limitations of traditional travel programmes, the demand for a modern solution is clear. A recent survey conducted by Direct Travel and GBTA found: 41% of travel managers cited inconsistent service quality as a top challenge 36% pointed to poor technology and user experience 63% wanted better integration between TMCs and booking platforms to improve service continuity Avenir: Travel Edition directly addresses these concerns by providing high-tech, high-touch support across content, servicing, data, and compliance to ensure a unified, seamless experience for both travellers and travel managers. Early Results from Forward-Thinking Clients ZS, a global professional services firm specialising in pharmaceutical and medical technology consulting, was an early adopter of Avenir: Travel Edition. With a focus on innovation and employee experience, ZS sought a streamlined booking solution that delivered broader content access, stronger duty of care, and real-time program insights. 'With Avenir, the feedback we're hearing from our travellers is that booking a business trip finally feels modern and intuitive,' said Sarah Hayden, Travel Lead at ZS. 'The vision for our programme is to be as tech-forward as the industry is ready for and empower our travellers and arrangers to fully self-serve within the tools on which we've built our programme. Adding in the knowledge of our advisor team amplifies the traveller's experience and the support we receive from Direct Travel. As a travel manager, I love that I can keep a pulse on the programme through richer data reporting and get the data in real time. It's a big step forward for both the industry and our programme.' ATPI and Direct Travel's relationship was formalised within a business partnership in 2017 and together they service thousands of businesses around the world. Two global leaders in corporate travel who have built a reputation for delivering unparalleled customer experiences and innovative technology capabilities to businesses in all sectors.
