ASM Global has acquired a 25% stake in Sydney's VenuesLive, aimed at enhancing entertainment offerings across Australia.
Target Information
ASM Global has announced a strategic investment, acquiring a 25% shareholding in VenuesLive, a Sydney-based stadium operator previously owned by Techfront Australia. This investment signifies ASM Global's commitment to expanding its presence in the Australian market and enhancing live entertainment options across the region.
VenuesLive is recognized as a premier provider of management and hospitality services for venues and events. The company oversees three of Australia’s prominent stadiums: the 83,500-seat ANZ Stadium, the 30,000-seat Bankwest Stadium, and the 60,000-seat Optus Stadium, which are renowned for hosting high-profile sports and entertainment events.
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Industry Overview in Australia
The Australian stadium and events industry has shown significant growth in recent years, bolstered by a surge in demand for major sporting events, concerts, and family entertainment. With a population increasingly int
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ASM Global
invested in
VenuesLive
in 2019
in a Strategic Partnership deal