Event Hospitality and Entertainment
| Public company | |
| Traded as | ASX: EVT |
| Industry | Entertainment, hospitality. |
| Founded | Listed in 1962 on the Australian Securities Exchange. Subsidiaries date to 1910. |
| Headquarters | 478 George Street, Sydney |
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Area served
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Australia, Fiji, Germany, New Zealand. |
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Key people
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| Brands |
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| Revenue |
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| Profit |
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| Total equity | A$1,012,744,000 (2016) |
| Website | https://www.evt.com/ |
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Footnotes / references Annual Reports 2014, 2016. |
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A$ 1,280,889,000 (2016)Event Hospitality & Entertainment Ltd is an Australian company which operates cinemas, hotels and resorts in Australia, Fiji, New Zealand, and Germany. It was formerly known as Amalgamated Holdings Limited.
Event Hospitality & Entertainment is a public company listed on the Australian Securities Exchange, where its shares are traded under the code EVT. For much of its recent history it has effectively been controlled by billionaire Alan Rydge, whose family companies reportedly owned 45 per cent of the shares in 2004, and 60 per cent in 2011.
The company has 55 hotels and resorts around the world, 72 cinemas in Australia, 53 cinemas in Germany, and 19 cinemas in New Zealand and Fiji. The company makes most of its money from its cinema division, and describes Event Cinemas as its flagship. It is the fourth biggest owner of hotels in Australia, operating 9000 rooms across the country.
Most of its hotel and cinema brands are based in Australia but some are in other countries:
The board in 2016 consisted of directors Kenneth Chapman, Peter Coates, Valerie Davies, David Grant, Patria Mann, Richard Newton, Alan Rydge (chairman) and David Seargeant (managing director). Seargeant was recruited in 1988 by Rydge, who wanted him to begin a hotels division. The board has a subcommittee to handle audits and risk management, and another to deal with nominations and remuneration for directorships and senior executive positions.
The company secretaries are David Stone and Gregory Dean, who is also the chief financial officer.
The company is estimated to have between 5000 and 10,000 employees.
Event Hospitality & Entertainment owns and operates some of its cinema chains as a joint venture with Village Roadshow. Their joint entity was established in 2003 under the name Australian Theatres.
Many of its hotels belong to the Global Hotel Alliance.
Seargeant was among the honorary councillors appointed when the Australian Academy of Cinema and Television Arts was founded in 2011.
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