Engelberth Achieves Truss Setting Milestone at Spruce Camp

first_imgThe new Spruce Camp Base Lodge will include restaurants, abar & lounge, indoor & outdoor fireplaces, rental & repair shops,retail, tickets, and year-round conference & event space. The beautifullydesigned building is located adjacent to the new ‘Over Easy’gondola, providing convenient access to the slopes of both Spruce and Mount Mansfield. The opening date for the new Base Lodgeis next ski season, 2008/2009. About Spruce Peakat StoweSpruce Peakat Stowe, which is being developed by AIG Global Real Estate, is a newslope-side community that is well underway at the base of SprucePeak and Mt.Mansfield in Stowe, Vermont. The intimate alpine neighborhood will boast enviable homes for purchase, aworld-class spa and wellness center, an 18-hole golf course, performing artscenter, dining and retail esplanade, swimming pool, ice skating rink and a newluxury hotel, Stowe Mountain Lodge, which will be the centerpiece of thecommunity.  Tim Engelberth, project manager for Engelberth Constructionstated “The truss erection could not have been achieved without thedetermination and dedication of our crews and subcontractors who met our weeklymilestones.  During January and early February, tasks such as shovelingsnow off the ground and metal decks, moving blankets to protect footing pours,and building tents and enclosures for wall and slab pours, all were criticalactivities that insured that the structure was ready to accept thetrusses.” Of the more than 2,000 acres of landat Spruce Peak at Stowe, only 35 will be used for development, demonstrating agenuine commitment to environmental stewardship while creating year-roundrecreational opportunities for residents and visitors to Stowe. www.sprucepeak.com(link is external) Engelberth Achieves Truss Setting Milestoneat Spruce Camp Stowe, Vermont: Engelberth Construction, Inc. of Colchester marked a major milestone at the endof February on the new Spruce Camp Base Lodge at Spruce Peak. Over the course of the winter, the future base lodge that will serve as StoweMountain Resort’s primary source for skier services rose out from underneaththe heavy snows as crews began erecting the main timber trusses of the 80-footclear span octagon timber frame.center_img About Engelberth ConstructionEngelberth Construction, Inc., is a ConstructionManager/General Contractor with full-service offices in Colchester,Vermont, and Keene, New Hampshire. Engelberth employs over 230 people on projects throughout Vermont,New Hampshire and Massachusetts. ### Crews began setting the Douglas-fir heavy timber rooftrusses on February 21.  While the temperature was a cold four degrees,the skies were blue with minimal wind, allowing for crews to work safely andefficiently.  Two cranes were utilized during the setting of the trusses,as well as a combination of four scissor/boom lifts.  The operationinvolved approximately 22+ people throughout the day.  Karen RouseMarketing CoordinatorEngelberth Construction, Inc.463 Mountain View DriveColchester, VT 05446Direct: 802.846.2328Direct Fax: 802.419.1728www.engelberth.com(link is external)last_img read more

Tax burden weighs heavy on Betsson Q3 trading

first_imgShare Share GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Related Articles Kindred marks fastest route to ‘normal trading’ as it delivers H1 growth July 24, 2020 StumbleUpon LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Submit Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets.Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK 1,426m).Competing against a tough comparative period featuring World Cup 2018 trading, Betsson reports a 12% decline in casino revenues to SEK 942 (Q3 2018: SEK 1,066m), while sportsbook revenues declined 7% to SEK 314 million (Q3 2018: SEK 338m).A breakdown of performance sees Betsson governance report that its regulated market taxed income increased by 41% during the trading period to SEK 457 million (Q3 2018: SEK 322m) – equivalent to 36% of group revenues.“Like the previous quarter, the third quarter has continued to pose challenges for us, as well as for several other companies in the gaming industry,” said Betsson Group CEO Pontus Lindwall. “We expect this development to continue and also affect the Swedish market to a greater extent than we have seen so far after the Swedish re-regulation.“The regulated markets now also face major challenges regarding the degree of channelisation, which is one of the most important prerequisites for high consumer protection.”Impacts on group revenue channels would see Betsson operate at an EBIT margin of 16.7% (24%), as the Stockholm enterprise records a 28% decline in EBITDA to SEK 305 million (Q3 2018:423m).Countering its challenges, Betsson reduced operating expenses to SEK 618 million (Q3 2018: SEK 669m), as governance highlights ‘continuous work on efficiencies’ and marketing expenses scaled back to SEK 213 million (Q3 2018: SEK 246m).Updating investors, Lindwall noted market realities but also stressed Betsson’s strength in its geographical range and its intention to grow through potential acquisitions.“Both revenue and operating profit are affected when significant markets develop negatively at the same time,” he added. “Therefore, our geographical spread is valuable, and we see positive development in several of Betsson’s other markets, both locally regulated and non-locally regulated. We have seen favourable trends in other Western European countries but also in Central & Eastern Europe and Central Asia (CEECA).”last_img read more