accounting

Weed tourism could bring millions to Atlantic City

Weed tourism could bring millions to Atlantic City

ATLANTIC CITY — Weed-motivated tourists want more than marijuana, Brian Applegarth said during a panel discussion Thursday. They want something to do after they drink. The California-based founder of the Cannabis Travel Association spoke at “Destination Cannabis: Spotlight on Atlantic City,” a webinar presented by the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism …

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Novant at the end of 2023 with investment income, core income gains

Novant at the end of 2023 with investment income, core income gains

A recovery in its investment income portfolio and a significant gain in core earnings lifted Novant Health Inc. to a 47.2% increase in excess revenue over expenses to $385.3 million for the fourth quarter. Excess revenue in a for-profit organization like Novant equals profit in a for-profit business, while a deficit equals a loss. Novant …

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Investment income boosted Cone’s excess earnings in Q1

Investment income boosted Cone’s excess earnings in Q1

Another strong performance by Cone Health’s investment portfolio lifted the Greensboro health care system to a $68.3 million revenue surplus for the first quarter of fiscal 2024. The excess of revenue over expenses in a for-profit organization such as Cone equals profit in a for-profit business. Cone’s fiscal year ends on September 30. During the …

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Monumental project will “turbocharge” VA tourism

Monumental project will “turbocharge” VA tourism

ERIC TERRY The travel and tourism industry is an integral part of Virginia’s economy — generating tens of billions in both direct visitor spending and significant jobs. Virginia’s tourism industry is expected to generate $30.3 billion in visitor spending in 2022 alone, a record for the Commonwealth. Perhaps most importantly, we are poised to continue …

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The new investment strategy for the North Dakota Legacy Fund is expected to deliver higher returns

The new investment strategy for the North Dakota Legacy Fund is expected to deliver higher returns

PATRICK SPRINGER The Forum The new investment strategy for the North Dakota Legacy Fund is expected to generate higher returns by increasing the portfolio of stocks and shorting bonds while holding fewer assets readily convertible to cash. The new, slightly more aggressive strategy is expected to produce an average annual return of 6.3% over the …

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