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The Crown Estate appoints Welsh entrepreneur to its board

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Michael Plaut has been appointed a commissioner

Michael Plaut

The Crown Estate has appointed Welsh entrepreneur Michael Plaut as a new commissioner to its board.

The Crown Estate, whose assets include the seabed, agricultural holdings and commercial property, has increased its number of commissioners from eight to 12 following the Crown Estate Act 2025 to reflect modern corporate governance.

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The legislation also gives the body, which is owned by the monarch, the ability to borrow against its asset base.

Mr Plaut started his career as an investment banker in London before returning to Wales to head up family business Northmace. He is also currently a non-executive director and member for Wales on the BBC board, as well as chairing the Royal Welsh College of Music & Drama.

As a board member the former CBI Wales chair, will also be responsible for providing advice about the conditions, priorities and opportunities in Wales, including on existing and emerging policies relevant to the Crown Estate’s activities.

Ric Lewis, chair of the Crown Estate, said: “It’s fantastic to be welcoming Michael to the Crown Estate board. Michael’s depth of experience across business, public service and cultural institutions, combined with his deep connection to and understanding of Wales, will be a valuable addition to the board as we take forward our strategy in the years ahead.

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“Following the Crown Estate Act 2025, this appointment strengthens the board’s collective insight and ensures we continue to take full account of Welsh interests and conditions as we invest for long‑term value for the nation.”

Mr Plaut, who lives in Cardiff, said: “It’s a real privilege to join the Crown Estate board, and I’m excited by the opportunity ahead. I am particularly looking forward to bringing a strong understanding and insight of Wales into Board discussions, helping to make sure that Welsh interests, conditions and opportunities continue to be fully reflected as we take decisions for the long term.”

The recruitment of Mr Plaut, for a four-year term, was made in accordance with the code of practice published by the Commissioner for Public Appointments. Commissioners are appointed by the King following the recommendation of the Chancellor and the Prime Minister. Commissioners have an annual remuneration of £30,000 a year with a separate £5,000 fee for additional responsibilities.

Devolving the Crown Estate to Wales

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The new Plaid Cymru Welsh Government is calling for the Crown Estate to be devolved to Wales, as is the case in Scotland.

Since it was devolved to Scotland in 2017, aggregate profits generated by Crown Estate Scotland has provided a boost to the Scottish Government’s budget. In its last financial 2024/25 financial year Crown Estate Scotland posted its highest ever net profit of £130m which was distributed to the Scottish Government’s consolidation fund.

However, the UK Treasury is ramping up what it nets off the Scottish Government’s block grant to account for increasing profits it receives from Crown Estate Scotland. This amounts to £15m in the current financial year, but will reach £40m by 2028-29, after which it will remain flat and unindexed.

Any devolving of Crown Estate assets in Wales, which would require UK Government approval, would likely come with the same netting off mechanism.

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There are currently no figures for revenue and profits generated from the Crown Estate in Wales. They are consolidated into the overall accounts for the Crown Estate. However, some financial data is expected to be released later this year.

Crown Estate assets in Wales include renewable energy licences and development rights for offshore wind and tidal projects. It also leases seabed space for oil and gas pipelines, marine aggregates (used in construction) and the subsea cables and interconnectors that help manage electricity supply and carry intercontinental data traffic. It manages around 65% of the foreshore and tidal riverbed. On land it has around 50,000 acres of common land that is primarily rough pasture, used for grazing.

The Crown Estate (covering Wales, England and Northern Ireland) manages a diverse £16bn portfolio.

Last year’s legislation gave the Crown Estate the ability, subject to Treasury approval, to borrow against its asset base. The Scottish Government currently has no plans to seek powers for Crown Estate Scotland to borrow against assets. In its last financial year it had net assets of £809m. Crown Estate has net assets of £15bn at the end of its 2024/25 financial year.

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How much the Crown Estate will be able to borrow against assets, which would be used to support investment like helping to de-risk and fast track clean energy infrastructure, has yet to be determined. The legislation doesn’t specify an amount or fixed statutory percentage of the asset base. It is currently working with the Treasury to finalise a detailed framework that will govern how it would borrow in practice, including the relevant controls, approval process and financial parameters.

If the Crown Estate was devolved to Wales it would be prudent for the Welsh Government to also try and negotiate the ability to borrow against assets.

However, on a per capita basis, would the proceeds from borrowing against the Welsh Crown Estate assets be more beneficial for Wales? The Crown Estate’s lucrative property assets in the centre of London, which include Regent Street & St James’, have been valued at £7.1bn alone.

While not a reason to seek a devolving of the Crown Estate to Wales, on a per capita basis it could receive less for investment purposes from the proceeds of any borrowing against Welsh assets, than under the current England and Wales arrangement.

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That of course assumes that the distribution of any borrowing against assets by the Crown Estate is at least equitable to Wales – unlike the current under funding, going back decades, on non devolved rail enhancement investment.

As it stands the Welsh Government would be powerless to prevent an unfair allocation to Wales from Crown Estate borrowings against assets.

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Safran SA 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:SAFRY) 2026-07-28

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Shares bounce as RBA speech sparks rate outlook reprice

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Shares bounce as RBA speech sparks rate outlook reprice

Australian shares have reversed an early loss to end higher after signs of economic pressure prompted a dovish repricing on the interest rate outlook.

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Married vs Single: Who Actually Gambles More?

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A happy couple with the woman holding on to the

Many people assume single people gamble more. The usual story sounds reasonable: fewer household demands, more freedom to make their own choices, and fewer people watching what they do. It makes sense in theory, but the research doesn’t line up with that picture.

The twist is that marriage often appears to act as a protective factor, while divorce or separation can mark a period where gambling risk rises. Consequently, the relationship between gambling and relationship status is less about being single or married and more about how major life circumstances can influence gambling behaviour.

The Surprising Disconnect between Marriage and Gambling Behaviour

As online gambling has become more accessible through platforms such as VoltRush, discussions about who gambles the most have become increasingly common. One assumption that often surfaces is that relationship status can predict gambling behaviour.

In reality, there is no widely available Australian dataset that directly compares gambling participation or gambling-related harm by marital status. That makes it difficult to draw meaningful conclusions about whether married or single Australians gamble more. Instead, broader demographic factors, including age, gender, and socioeconomic circumstances, provide a much clearer picture of gambling participation.

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Why the Single-Person Stereotype Continues

The idea that singles gamble more has remained popular because it connects gambling with independence and free time. Someone living alone may appear to have fewer external influences on their decisions. They may have fewer conversations about their habits, fewer shared routines, or fewer outside checks on their entertainment choices. However, someone’s relationship status does not reveal their financial situation, gambling habits, or level of risk.

This means a divorced person, a married person, and a single person may all have very different experiences despite their relationship labels. For casino-related discussions around brands like VoltRush, the more useful question is not if someone is married or single. It is how gambling fits into their wider life and whether it remains balanced.

Australia’s Gambling Picture Tells a Different Story

Australian participation patterns show a clear gender gap, highlighting that factors beyond relationship status can strongly influence gambling participation. Men participate in gambling at substantially higher rates than women, with some measures showing male participation at around three times the female rate.

Age is another important factor. According to research findings published by Roy Morgan Research, nearly a fifth, or 17.5%, of Australians aged 65 and above play pokies, clearly higher than any other age group. Older adults are also more likely than younger adults to have been married at some point, although age groups include a range of relationship statuses. Together, these patterns highlight how demographic trends play a significant role in gambling participation across Australia.

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State Differences: NT and WA Show Different Patterns

Australia’s states and territories also show that gambling behaviour varies by location. The Northern Territory has recorded some of the highest levels of pokies participation in Australia, while Western Australia has recorded lower pokies participation compared with many other jurisdictions. These differences demonstrate that gambling behaviour is influenced by local patterns, population characteristics, and the types of gambling activities that are common in each area.

Different Gambling Activities Attract Different Participants

One additional challenge in comparing gambling behaviour by relationship status is that gambling is not a single, uniform activity. Rather, it encompasses a range of distinct products, including pokies, lotteries, sports betting, racing wagering, and online casino games on platforms such as VoltRush. Each product tends to attract different demographic profiles and participation patterns, which makes broad comparisons by relationship status less reliable.

For example, lotteries typically draw a broad cross‑section of the population, whereas sports betting has historically been more prevalent among younger men. Pokies, by contrast, are particularly popular with older Australians. These differences mean that an individual who occasionally purchases a lottery ticket is engaged in a different pattern of gambling behaviour from someone who regularly sports bets or plays pokies. Here is how they look:

Gambling activity Participation pattern What to keep in mind
Pokies Particularly popular among older Australians. Older age groups have different demographic characteristics, making simple marital-status comparisons less meaningful.
Lotteries Played by a broad cross-section of adults. Wide participation means players come from many different ages and relationship backgrounds.
Sports betting Traditionally more popular among men, particularly younger adults. Gender and age may influence participation more strongly than relationship status.
Horse and greyhound racing Appeals to a mix of regular and occasional bettors. Participation often depends on personal interest and betting preferences rather than relationship status.
Online casino games Audience varies depending on platform, accessibility, and personal preferences. Online participation can differ from venue-based gambling, making comparisons more difficult.

Understanding these differences helps explain why broad statements about gamblers, especially those based solely on relationship status, can be misleading. Meaningful comparisons require considering demographic factors, the types of gambling people choose, and how frequently they participate.

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Relationship Changes May Be a Bigger Warning Point

The strongest message from research is not that marriage prevents gambling problems. Rather, major relationship changes deserve closer attention. Divorce or separation can involve changes to living arrangements, routines, social connections, and emotional well-being. These transitions may coincide with periods where some people are more vulnerable to developing harmful gambling patterns.

While marriage may provide some protective social factors, it does not remove all risk. Married people can still experience gambling problems, which can impact the relationships, while single people can have healthy, controlled gambling habits. Therefore, the connection between gambling and personal circumstances is much more complicated than the old assumption that singles simply gamble more.

What This Means for Understanding Gambling Habits

In the end, gambling behaviour is best understood by looking at multiple influences rather than marital status in isolation. A better understanding of someone’s risk of problematic gambling always comes from considering several factors together, including:

  • gender differences
  • age groups
  • relationship changes
  • local participation patterns

Australian data shows clear differences in gambling participation by gender, age, and where people live. But there is no dedicated national dataset that breaks gambling down by married versus single. Therefore, relationship status alone cannot be used as a reliable predictor of who gambles more, especially when examined alongside broader research findings.

Responsible Gambling Reminder

Gambling should be treated as entertainment, not a way to make money. Set limits before you play, stick to your budget, and take a break if it stops being enjoyable.

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Perth-born Stax's collapse leaves 13,000 orders unfulfilled

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Perth-born Stax's collapse leaves 13,000 orders unfulfilled

Almost 13,000 customer orders remain unfulfilled from collapsed Perth-born retailer Stax Group, as liquidators estimate liabilities of almost $24 million.

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Duratec secures $70m in contracts

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Duratec secures $70m in contracts

Duratec’s operational versatility has continued on the back of booking a series of contracts across multiple sectors.

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Where and When to Watch July’s Full Moon Rise at Peak Illumination for Skywatchers Nationwide

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Buck Moon 2026: Where and When to Watch July's Full

July’s full moon, known as the Buck Moon, reaches peak illumination Wednesday morning, offering skywatchers across the country a chance to catch one of the year’s most anticipated lunar events as it rises into the evening sky.

The Buck Moon occurs at 10:36 a.m. Eastern time on Wednesday, July 29, 2026. Because the moon will be below the horizon at that exact moment for most of North America, the best viewing opportunity comes later in the day. Skywatchers should plan to look toward the southeast after sunset to watch the moon rise into the evening sky.

When and Where to Look

The best evening to watch the Buck Moon rise is Wednesday, July 29, 2026, at the exact time of moonrise for a given location, with the best views across North America expected as the moon rises in the southeast during dusk. The full moon will rise this evening within about 20 minutes of sunset, meaning skywatchers in most locations should head outside shortly before the sun goes down to catch the moon as it climbs above the horizon.

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For those hoping to capture the most dramatic view, timing matters. Viewers can consult a moonrise and moonset calculator to determine precisely when the Buck Moon will become visible in their specific area, since exact rise times vary by location. To see the full moon at its best, skywatchers are encouraged to find an elevated location, an open field, or a coastline with a clear, unobstructed view of the horizon.

A Striking Optical Illusion

One of the most compelling reasons to catch the moon shortly after it rises is a well-known visual phenomenon. The best time to notice the July full moon illusion is shortly after moonrise, when the Buck Moon is still low above the horizon, at which point the lunar disk tends to appear larger and more dramatic than it does later in the night once it climbs higher into the sky.

Why It’s Called the Buck Moon

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The July full moon’s name traces back to a seasonal pattern in nature that has been observed for generations. The full moon in July is called the Buck Moon because the antlers of male deer are in full-growth mode at this time of year, with bucks shedding and regrowing their antlers annually, producing a larger and more impressive set as the years go by. The moon earned its name from northeastern Native American tribes who observed that deer antlers were in “full-growth mode” during this period of the summer.

Other cultures and traditions have applied different names to July’s full moon, many of which also draw on seasonal and natural themes. Alternative names include the Feather Moulting Moon among the Cree and the Salmon Moon among the Tlingit, marking when fish returned to the area and were ready to be harvested, along with plant-inspired names such as the Berry Moon, the Moon When the Chokecherries Are Ripe, and the Raspberry Moon.

Its Place in the 2026 Full Moon Calendar

The Buck Moon is the eighth of 13 full moons occurring in 2026, a result of the mismatch between the roughly 365-day solar year and the approximately 354-day lunar year, which occasionally produces calendar years containing 13 full moons instead of the usual 12. The moon will appear in the constellation Capricornus during this month’s full phase.

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What Comes Next in the Night Sky

This month’s full moon also sets the stage for a string of notable celestial events in the weeks ahead. The Buck Moon arrives just two weeks before a total solar eclipse on Aug. 12, one of the biggest sky events of the year, and roughly four weeks before a partial lunar eclipse. The next full moon after the Buck Moon will be the Sturgeon Moon on Friday, Aug. 28, 2026, which coincides with a deep partial lunar eclipse in which nearly 97% of the moon will pass into Earth’s dark shadow, making it appear dimmed and reddish-orange, though it will fall short of a full “blood moon” total eclipse.

A Night With Cultural and Spiritual Significance

Beyond its astronomical importance, this month’s full moon also holds meaning across several religious and cultural traditions observed around the world. The July full moon marks the celebration of Guru Purnima for followers of the Hindu and Buddhist faiths, a day when worshippers honor their teachers and spiritual guides through fasting, temple visits and acts of service and gratitude. July 29 also coincides with the holy day of Asalha Puja for the Theravada Buddhist community, commemorating the Buddha’s first sermon, delivered in Sarnath, India, where he taught the Four Noble Truths.

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Other Sights to Look For

While the moon’s brightness will make it harder to spot fainter deep-sky objects on the night of the full moon itself, skywatchers can still find other highlights nearby. Despite the glare of the Buck Moon washing out many fainter objects in the night sky, observers may still be able to spot the Summer Triangle asterism, along with an evening star shining low on the western horizon, which will set less than two hours after sunset.

Tips for the Best Viewing Experience

For those planning to watch the Buck Moon rise, weather conditions, viewing angle and timing will all play a role in the experience. Clear skies and an unobstructed eastern or southeastern horizon offer the best chance to catch the moon as it first emerges, when the optical illusion that makes it appear unusually large is at its most striking. As with most full moons, no special equipment is needed to enjoy the view, though binoculars or a telescope can enhance the experience for those hoping to pick out surface details once the moon has climbed higher into the sky later in the evening.

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Unilever raises 2026 sales outlook after strong Q2 volume growth

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Bellevue secures FY26 guidance following record campaign

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Bellevue secures FY26 guidance following record campaign

Bellevue Gold boss Darren Stralow says the company’s consistent mine grades played a key role in the company achieving record annual production.

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Vysarn announces second major water acquisition

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Vysarn announces second major water acquisition

Perth-based Vysarn is raising $65.3 million to help fund the acquisition of local firm Welltech, just weeks after completing another acquisition in the water services industry.

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IGO Limited (IIDDY) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript