Australian Nightclub Revenue Expected to Decline in 2016: Report

Following a year of alcohol-fueled violence at clubs, drug incidents at festivals and resultant crackdown laws, Australian nightclubs are expected to falter in 2016.

SFX Files For Bankruptcy, Sillerman to Be Replaced as CEO

According to Yahoo Finance, industry revenue is projected to decline 2.9 percent following dismal growth of 0.3 percent in the past year. 1:30 a.m. lockouts, 3 a.m. closing times and takeaway alcohol sale bans after 10 p.m. are just a few of the heightened regulations Australia has already administered.