Latest news with #OTG
Business Wire
05-08-2025
- Business
- Business Wire
OTG Workers Represented by UNITE HERE Allege Systematic Wage and Hour Violations at Private Equity Owned Airport Concessionaire
PHILADELPHIA--(BUSINESS WIRE)--OTG food and beverage workers represented by UNITE HERE Local 274, Philadelphia's hospitality workers' union, filed over 50 complaints with the City of Philadelphia, alleging that the company has violated multiple local wage and hour laws. Dozens of OTG workers at the PHL airport filed complaints with the City's Department of Labor, seeking backpay for lost wages and other unpaid compensation. OTG operates more than 350 restaurants across the US and Canada including 15 locations at Philadelphia International Airport. OTG is owned by Duration Capital Partners, LLC, an infrastructure-focused private equity firm. Workers marched through PHL Terminal B with copies of their legal complaints and delivered them to OTG management. The complaints allege that employees were paid less than the applicable minimum wage and that the company is systematically violating Philadelphia's Fair Workweek Law, which requires large employers to provide their employees with predictable work schedules. Dozens of workers filed complaints with the City's Department of Labor, seeking backpay for lost wages and other unpaid compensation. 'We sacrifice to make OTG a success,' said Angela Maldonado, who has worked for the company for six years as a cashier. 'We wake up in the middle of the night to get to work by the time the first passengers arrive. When flights are delayed, we are the ones who stay late. As the mother of a three-year-old, it is not easy, but I figure out a way. It is time for OTG to show they respect us by paying us what we are owed.' 'As the largest food service employer at PHL, we expect OTG to set the standard for what high quality, family sustaining jobs look like,' said Rosslyn Wuchinich, President of UNITE HERE Local 274. 'It is disappointing to see that OTG has fallen short of those expectations.' The union and the employer are currently negotiating a new collective bargaining agreement. Negotiations for the previous contract took more than five years, according to UNITE HERE Local 274. Duration Capital Partners acquired control of OTG after Oaktree Capital Management spun out its infrastructure investment business in July of 2024. Oaktree remains a minority owner of Duration Capital Partners. UNITE HERE Local 274 is the union that welcomes you to Philadelphia, representing 4,000 hospitality and food service workers throughout the Philadelphia region.
Mint
29-07-2025
- Lifestyle
- Mint
Small appliances that make great Rakshabandhan gifts without burning a hole in your wallet
If you're stuck on what to gift your sister this Rakhi, here's a pro tip: skip the overpriced perfumes and dry fruit hampers. Go for something that actually makes life easier, and maybe even earns you the 'best sibling' badge. Small appliances are that sweet spot between utility and thoughtfulness, and these five picks hit all the right notes. For the sister who can't function without caffeine, this compact drip coffee maker is a lifesaver. It brews a fresh pot in minutes, looks neat on the counter, and keeps things simple with a no-fuss design. Perfect for home offices and early risers alike. Is your sister into smoothies, protein shakes, or those 'green health shots' you don't understand? Then the NutriPro is ideal. With two jars, a sharp blade setup, and a solid 2-year warranty, it's a compact powerhouse built for daily fitness routines. For the one who's always baking something or trying a new toast recipe off Instagram, this OTG is a practical gem. From cakes to grilled veggies, its 9-litre capacity, heat-resistant glass, and auto shut-off timer make it safe and fuss-free for regular use. If she's moved into a new place or just loves a clean space, this cordless vacuum cleaner is gold. It handles dust, pet hair, and everyday mess with ease, thanks to its strong suction and multiple attachments. The detachable handheld mode is great for sofas, corners, and even car interiors. Everyone's talking about air fryers for a reason. This one nails guilt-free snacking, with 360° hot air circulation, a non-stick basket, and easy digital controls. Great for everything from fries to paneer tikka, zero oil drama. Each of these gifts is practical, personal, and perfect for Rakshabandhan 2025. Whether your sister's a health nut, homebody, or someone who just loves good design, one of these will definitely hit the mark.
Int'l Business Times
07-07-2025
- Business
- Int'l Business Times
GUNZ Announces $GUN Token Expansion to Solana
Robinson Point, Singapore, July 7th, 2025, Chainwire GUNZ, the L1 blockchain ecosystem that powers the groundbreaking AAA game Off The Grid (OTG), today announced the expansion of its $GUN token to the Solana blockchain. This strategic move brings part of the $GUN token's circulating supply to Solana, enhancing accessibility for U.S. (and global) users while reinforcing GUNZ's leadership in the blockchain gaming sector. On the 10th of July $GUN lands on Solana, bringing lightning-fast access and next-gen infrastructure to a whole new wave of gamers and community members. Strategic Alignment with Solana: A Multi-Chain Vision Under the bold banner, '$GUN is Coming to Solana,' GUNZ is embracing Solana's high-speed, low-cost blockchain infrastructure and robust ecosystem to amplify its multi-chain strategy, aptly summarized as 'Too Big for One Chain.' This move represents the latest step in a clear multichain strategy, setting the stage for additional expansions to other prominent blockchains in the future. The bridging process to Solana will be facilitated by LayerZero, a leader in blockchain interoperability and seamless cross-chain transactions. Currently, $GUN is available on multiple blockchains and platforms, including GUNZ Layer 1 and AVAX C-chain. This alignment radically increases accessibility to the token and unlocks new opportunities for partnerships, campaigns, and community engagement by leveraging Solana's global reach. To celebrate this milestone, GUNZ will launch a limited-edition Solana-themed NFT content pack. Details on how to claim this exclusive offering will be announced soon, adding excitement for the growing Off The Grid community. Off The Grid and the GUNZ Ecosystem: A Clarified Vision GUNZ is renowned for Off The Grid, the first AAA game with an onchain economy, available across platforms like Epic Games Store, Xbox, PlayStation, and soon Steam. Within OTG, the $GUN token serves as a utility token, enabling players to purchase in-game items, engage in asset trading, and participate in blockchain-powered gameplay interactions. Following the Solana integration, players will be able to deposit Solana-based $GUN directly into their in-game wallet, enabling fast, reliable, and convenient transactions within OTG's immersive digital economy. With over 17 million wallets registered in the GUNZ ecosystem, GUNZ is poised for strong growth. This milestone will boost ecosystem activity and token utility. Leadership Perspective 'Launching $GUN on Solana reflects our long-term commitment to building a truly global, player-first ecosystem,' said Vlad Korolov, CEO at Gunzilla Games. 'Solana's speed and scalability allow us to reach new communities with greater efficiency and reliability. This is more than a technical upgrade—it's a major step toward making blockchain gaming seamless, inclusive, and ready for the mainstream.' Looking Ahead GUNZ is set to share additional updates in the coming weeks, including details on the highly anticipated Steam release of Off The Grid and further global token availability. As the ecosystem gears up for mass adoption, the crypto community is encouraged to stay tuned for announcements that will solidify GUNZ's position as a trailblazer in blockchain gaming. Risk & Regulatory Disclosure $GUN is an in-game utility asset. It has not been registered, qualified, or approved as a security, capital-markets product, or digital payment token in any jurisdiction. No regulator has reviewed this material. This release is not an offer, solicitation, or investment advice, and $GUN is not offered to U.S. persons. The token's value may fall to zero and is not covered by investor-compensation schemes (including those under EU MiCAR). Always verify eligibility before acquiring or using $GUN. About Gunzilla Founded in 2020, Gunzilla Games is an independent AAA video game developer and publisher behind Off The Grid — a groundbreaking battle royale now live on PC, PlayStation, and Xbox. Gunzilla is also the creator of GUNZ, a gamer-first blockchain ecosystem, and the proud owner of Game Informer, the largest gaming media outlet. Driven by a passion for innovation, Gunzilla is dedicated to pushing the boundaries of what's possible in gaming—delivering cutting-edge experiences that empower players, developers, and the industry as a whole. For more information, users can visit Official X of Gunzilla Games - Official X of GUNbyGUNZ - Official X of Off The Grid - Contact Legal Officer Marina Danylyuk POSEIDON 133 PTE. LTD
Business Insider
07-07-2025
- Entertainment
- Business Insider
GUNZ Announces $GUN Token Expansion to Solana
GUNZ, the L1 blockchain ecosystem that powers the groundbreaking AAA game Off The Grid (OTG), today announced the expansion of its $GUN token to the Solana blockchain. This strategic move brings part of the $GUN token's circulating supply to Solana, enhancing accessibility for U.S. (and global) users while reinforcing GUNZ's leadership in the blockchain gaming sector. On the 10th of July $GUN lands on Solana, bringing lightning-fast access and next-gen infrastructure to a whole new wave of gamers and community members. Strategic Alignment with Solana: A Multi-Chain Vision Under the bold banner, '$GUN is Coming to Solana,' GUNZ is embracing Solana's high-speed, low-cost blockchain infrastructure and robust ecosystem to amplify its multi-chain strategy, aptly summarized as 'Too Big for One Chain.' This move represents the latest step in a clear multichain strategy, setting the stage for additional expansions to other prominent blockchains in the future. The bridging process to Solana will be facilitated by LayerZero, a leader in blockchain interoperability and seamless cross-chain transactions. Currently, $GUN is available on multiple blockchains and platforms, including GUNZ Layer 1 and AVAX C-chain. This alignment radically increases accessibility to the token and unlocks new opportunities for partnerships, campaigns, and community engagement by leveraging Solana's global reach. To celebrate this milestone, GUNZ will launch a limited-edition Solana-themed NFT content pack. Details on how to claim this exclusive offering will be announced soon, adding excitement for the growing Off The Grid community. Off The Grid and the GUNZ Ecosystem: A Clarified Vision GUNZ is renowned for Off The Grid, the first AAA game with an onchain economy, available across platforms like Epic Games Store, Xbox, PlayStation, and soon Steam. Within OTG, the $GUN token serves as a utility token, enabling players to purchase in-game items, engage in asset trading, and participate in blockchain-powered gameplay interactions. Following the Solana integration, players will be able to deposit Solana-based $GUN directly into their in-game wallet, enabling fast, reliable, and convenient transactions within OTG's immersive digital economy. With over 17 million wallets registered in the GUNZ ecosystem, GUNZ is poised for strong growth. This milestone will boost ecosystem activity and token utility. Leadership Perspective 'Launching $GUN on Solana reflects our long-term commitment to building a truly global, player-first ecosystem,' said Vlad Korolov, CEO at Gunzilla Games. 'Solana's speed and scalability allow us to reach new communities with greater efficiency and reliability. This is more than a technical upgrade—it's a major step toward making blockchain gaming seamless, inclusive, and ready for the mainstream.' Looking Ahead GUNZ is set to share additional updates in the coming weeks, including details on the highly anticipated Steam release of Off The Grid and further global token availability. As the ecosystem gears up for mass adoption, the crypto community is encouraged to stay tuned for announcements that will solidify GUNZ's position as a trailblazer in blockchain gaming. Risk & Regulatory Disclosure $GUN is an in-game utility asset. It has not been registered, qualified, or approved as a security, capital-markets product, or digital payment token in any jurisdiction. No regulator has reviewed this material. This release is not an offer, solicitation, or investment advice, and $GUN is not offered to U.S. persons. The token's value may fall to zero and is not covered by investor-compensation schemes (including those under EU MiCAR). Always verify eligibility before acquiring or using $GUN. About Gunzilla Founded in 2020, Gunzilla Games is an independent AAA video game developer and publisher behind Off The Grid — a groundbreaking battle royale now live on PC, PlayStation, and Xbox. Gunzilla is also the creator of GUNZ, a gamer-first blockchain ecosystem, and the proud owner of Game Informer, the largest gaming media outlet. Driven by a passion for innovation, Gunzilla is dedicated to pushing the boundaries of what's possible in gaming—delivering cutting-edge experiences that empower players, developers, and the industry as a whole. For more information, users can visit Contact Legal Officer Marina Danylyuk
Yahoo
09-06-2025
- Business
- Yahoo
GTCR Announces Management Partnership with Manish Singh to Form Maris Investments
Maritime technology industry veteran to build new company through acquisitions and organic growth CHICAGO, June 9, 2025 /PRNewswire/ -- GTCR, a leading private equity firm, today announced that it has entered into a partnership with maritime industry leader Manish Singh to form Maris Investments, LLC ("Maris"). Maris will seek to acquire companies in the maritime technology sector to build a market-leading platform addressing critical workflows and enabling digital transformation in the industry. The formation of Maris is supported by GTCR's Leaders Strategy™ approach, which involves partnering with exceptional management leaders in its core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. GTCR has successfully applied the Leaders Strategy™ for several decades and maintains a culture of partnership with executives as they build strategically attractive businesses over time. Mr. Singh will serve as Chief Executive Officer of Maris and will make an investment in the platform alongside GTCR. An industry veteran, Mr. Singh has over 30 years of experience in the maritime sector. Most recently, he served as Chief Executive Officer of Ocean Technologies Group ("OTG"), a human capital management and operational maritime software platform. He joined OTG as CEO in 2019 and led its transformation into a leading maritime software platform serving ship owners and managers globally. Prior to leading OTG, Mr. Singh spent 12 years in various leadership roles at a global ship management and marine services group, where he played an instrumental role in the company's global expansion. Before Mr. Singh spent over a decade at sea as a ship officer and Master Mariner and later held several shore-based leadership positions for large ship managers. "We are excited to partner with Manish, whose proven track record, deep domain expertise and industry relationships in the maritime space make him an ideal partner to lead this platform," said Mark Anderson, Managing Director and Head of Technology, Media and Telecommunications at GTCR. "Maritime technology is a compelling industry currently experiencing rapid and transformative digital innovation, and we look forward to leveraging GTCR's long history of investing in vertical technology businesses to build a market-leading maritime technology company." "I am excited to partner with GTCR to build Maris into a leading technology provider for the maritime industry," said Mr. Singh. "Our vision is not just centered around digitizing workflows – we aim to redefine how maritime workforces and fleets adopt integrated technology and harness data to improve performance, safety and compliance. This partnership is about transforming how future fleets are operated and governed." About GTCR Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 280 companies, and the firm currently manages approximately $50 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit Follow us on LinkedIn. About Maris Investments, LLC Maris Investments, LLC is a partnership between Manish Singh and GTCR. Maris' mission is to build a market-leading platform addressing critical workflows and enabling digital transformation in the maritime technology industry. For more information, please contact us at hello@ or visit GTCR Contact:Josh Clarkson / Ryan Smith212-279-3115pro-gtcr@ View original content to download multimedia: SOURCE GTCR Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
