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☆ Houthi attacks in the Red Sea are now wrecking world cruisers' vacation plans
▼ + stars: | 2024-01-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The cruise industry is being hit by ongoing Houthi attacks in the Red Sea. Among the cancellations are some 20-day world cruise voyages. AdvertisementEscalating tensions in the Red Sea amid ongoing Houthi attacks have already hobbled global trade and prompted a US military response. Carnival Cruise Lines is the most recent player to confirm schedule changes because of the risks. MSC Cruises cancelled three sailings in April to avoid traversing the Red Sea, a spokesperson for the company told Business Insider.

Persons: —, Princess Cruise Organizations: Service, Cruise, Business, Princess, Carnival, Costa Cruises, United, CNN, Royal, Mediterranean Shipping Company, MSC Cruises, MSC Locations: Red, Iran, Los Angeles, East, Asia, Australia, South Africa, West Coast of Africa, Sydney, Costa, United Arab Emirates, Italy, Royal Caribbean, Europe, Africa

The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.

Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore

☆ Carnival Corp posts smaller loss as it tightens control on costs
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Carnival Corp (CCL.N), (CCL.L) on Wednesday posted a smaller-than-expected quarterly loss as the cruise operator kept a tight lid on operating costs, sending its shares up about 7% in morning trade. Cruise operators including Carnival have been wrestling with rising fuel prices, a stronger U.S. dollar and higher interest rates, which have been further exacerbated due to the ongoing Russia-Ukraine conflict. The cruise operator's revenue rose to $3.84 billion in the fourth quarter ending Nov. 30 from $1.29 billion a year earlier, but missed analysts' average estimate of $3.91 billion, according to IBES data from Refinitiv. The company posted a smaller adjusted net loss of 85 cents per share compared with analysts' expectation of 87 cents. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

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