Saudi Arabia is making a $38 billion bet on the potential of its gaming industry, as the country seeks to reduce its dependence on oil revenues, reported Bloomberg.
Key Takeaways:
Atour’s revenue rose just 5% in last year’s fourth quarter due to China’s strict Covid controls, but analysts expect the growth to accelerate to 56% this year
The retail component of the company’s revenue mix, involving sales of in-room merchandise to guests, posted much faster 34% growth
The fallout from the indictment of former President Donald Trump dominated the news cycle over the weekend. Here's a recap of a few major headlines that hit the wire.