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Leisurecorp
Leisurecorp, formerly Istithmar Leisure, is a subsidiary of Dubai World, established in 2006, that invests in sports and leisure facilities, with golf being a particular focus. Sites Among the sites owned by Leisurecorp are PGA European Tour venues Pearl Valley Golf Estates in South Africa, and Jumeirah Golf Estates in Dubai. It bought the Turnberry Resort in Scotland in October 2008, which hosted the 2009 Open Championship, and sold it to Donald Trump in April 2014. Leisurecorp also has major shareholdings in Island Global Yachting, Troon Golf, GPS Industries, and Snowmass, Colorado. History In November 2007, Leisurecorp agreed a major partnership deal with the PGA European Tour. The highlight of the deal saw the creation of the season ending Dubai World Championship, held annually on the Earth Course at Jumeirah Golf Estates. The US$10 million prize fund makes it the world's richest golf tournament. In addition, the European Tour Order of Merit was rebranded as the Rac ...
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Turnberry (golf Course)
Turnberry is a golf resort on the Firth of Clyde in Ayrshire, southwest Scotland. It comprises three links golf courses, a golf academy, a five-star James Miller-designed hotel from 1906, along with lodge and cottage accommodations. Turnberry was a popular golf course and resort from its inception, made accessible because of the Maidens and Dunure Light Railway. It closed in both World Wars for military use, and there was concern it would not open following World War II, but it was redesigned by Mackenzie Ross and re-opened in 1951. The course was the scene of the 1977 Open Championship, where Tom Watson scored a close victory over Jack Nicklaus. The property has been owned by the Trump Organization since 2014, who now brand the course Trump Turnberry. Location The resort is south of Glasgow, on the A719 just north of the A77, a major road from Glasgow to Stranraer via Ayr. It is sited on headland along the Firth of Clyde, overlooking the Isle of Arran and Ailsa Craig. H ...
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Dubai World
Dubai World ( ar, دبي العالمية) is an investment company that manages and supervises a portfolio of businesses and projects for the Government of Dubai across a wide range of industry segments and projects that promote Dubai as a hub for commerce and trading. As a subsidiary of Dubai Inc., it is the emirate's flag bearer in global investments and has a central role in the direction of Dubai's economy. Assets include DP World, which caused considerable controversy when trying to take over six US ports, its property arm, Nakheel, which built The Palm Islands and The World developments, and Istithmar World, its investment company. It is chaired by Ahmed bin Saeed Al Maktoum. History Dubai World was established under a decree ratified on 2 March 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. He is also the majority stakeholder in Dubai World. On 2 July 2006, it was launched as a holding company with more than 50,000 employees in over 100 cities around th ...
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Investment Company
An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the Investment Company Act of 1940. Investment companies invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading. Investment companies do not include brokerage companies, insurance companies, or banks. In United States securities law, there are at least three types of investment companies: * Open-End Management Investment Companies (mutual funds) *Face amount certificates companies: very rare. *Management companies * Closed-End Management Investment Companies ( closed-end funds) * UITs (unit investment trusts): only issue redeemable units. In general, each of these investment companies must register under the Securities Ac ...
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Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ...
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Companies Based In Dubai
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Entertainment Companies Established In 2006
Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousands of years specifically for the purpose of keeping an audience's attention. Although people's attention is held by different things because individuals have different preferences, most forms of entertainment are recognisable and familiar. Storytelling, music, drama, dance, and different kinds of performance exist in all cultures and were supported in royal courts and developed into sophisticated forms, over time becoming available to all citizens. The process has been accelerated in modern times by an entertainment industry that records and sells entertainment products. Entertainment evolves and can be adapted to suit any scale, ranging from an individual who chooses a private entertainment from a now enormous array of pre-recorded produc ...
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The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph & Courier''. Considered a newspaper of record over ''The Times'' in the UK in the years up to 1997, ''The Telegraph'' generally has a reputation for high-quality journalism, and has been described as being "one of the world's great titles". The paper's motto, "Was, is, and will be", appears in the editorial pages and has featured in every edition of the newspaper since 19 April 1858. The paper had a circulation of 363,183 in December 2018, descending further until it withdrew from newspaper circulation audits in 2019, having declined almost 80%, from 1.4 million in 1980.United Newspapers PLC and Fleet Holdings PLC', Monopolies and Mergers Commission (1985), pp. 5–16. Its si ...
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Ryder Cup
The Ryder Cup is a biennial men's golf competition between teams from Europe and the United States. The competition is contested every two years with the venue alternating between courses in the United States and Europe. The Ryder Cup is named after the English businessman Samuel Ryder who donated the trophy. The event is jointly administered by the PGA of America and Ryder Cup Europe, the latter a joint venture of the PGA European Tour (60%), the PGA of Great Britain and Ireland (20%), and the PGAs of Europe (20%). Originally contested between Great Britain and the United States, the first official Ryder Cup took place in the United States in 1927 at Worcester Country Club in Worcester, Massachusetts. The home team won the first five contests, but with the competition's resumption after the Second World War, repeated American dominance eventually led to a decision to extend the representation of "Great Britain and Ireland" to include continental Europe from 1979. The inclusion ...
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The Scotsman
''The Scotsman'' is a Scottish compact newspaper and daily news website headquartered in Edinburgh. First established as a radical political paper in 1817, it began daily publication in 1855 and remained a broadsheet until August 2004. Its parent company, JPIMedia, also publishes the ''Edinburgh Evening News''. It had an audited print circulation of 16,349 for July to December 2018. Its website, Scotsman.com, had an average of 138,000 unique visitors a day as of 2017. The title celebrated its bicentenary on 25 January 2017. History ''The Scotsman'' was launched in 1817 as a liberal weekly newspaper by lawyer William Ritchie and customs official Charles Maclaren in response to the "unblushing subservience" of competing newspapers to the Edinburgh establishment. The paper was pledged to "impartiality, firmness and independence". After the abolition of newspaper stamp tax in Scotland in 1855, ''The Scotsman'' was relaunched as a daily newspaper priced at 1d and a circul ...
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European Open (golf)
The European Open is a European Tour golf tournament. Founded in 1978, up to 1994 it was played at various courses in England, including Sunningdale and Walton Heath, except for the 1979 event, which was held at Turnberry in Scotland. Between 1995 and 2007 the tournament was held at the K Club in Straffan, Ireland, before moving again in 2008, this time to the Jack Nicklaus-designed Heritage course at the London Golf Club near Sevenoaks Sevenoaks is a town in Kent with a population of 29,506 situated south-east of London, England. Also classified as a civil parish, Sevenoaks is served by a commuter main line railway into London. Sevenoaks is from Charing Cross, the traditio ..., Kent, England. After a five-year hiatus, the event returned to the European Tour schedule in 2015, now played in Germany. Venues Winners Notes References External linksCoverage on the European Tour's official site {{coord, 53.3225, N, 10.2265, E, type:event, display=title European ...
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South African Open (golf)
The South African Open is one of the oldest national open golf championships in the world, having first been played in 1903, and is one of the principal tournaments on the Southern-Africa-based Sunshine Tour. Since 1997 it has also been co-sanctioned by the European Tour. History The first formal event was organised in 1903, following a series of exhibition matches that had been held over the preceding ten years. The championship was initially contested over just 36 holes until 1908, when it was extended to become a 72-hole tournament. Although non-whites had played in the South African Open before, most notably when Papwa Sewgolum finished second in 1963, it was not until 1972 that black golfers were allowed to compete. From 2011 until February 2020 it was held in the Johannesburg area; twice at Serengeti Golf Club, followed by five times at Glendower Golf Club, and then twice at Randpark Golf Club. In December 2020 it will move away from Johannesburg and be held at Gary Pla ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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