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New York Entrepreneur Will Makris Assures New York Is Not Dead

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Panic consequently set in from viral posts about New York being dead. People believe anything they read these days, but as a New York resident, I can assure you, it is very much alive. Yes, we have experienced major setbacks from the pandemic, but what city hasn’t? Anyway, New York is notorious for being busy, even nicknamed “The City That Never Sleeps.” People, those pictures on Twitter of empty streets, are from March. New York is getting back into full swing, the traffic is heavier, and every neighborhood restaurant is packed outdoors until curfew…and maybe even a little after. Though most of us are being health-conscious, the hustle and bustle to get the economy back are powerful. Entrepreneur Will Makris is a believer that New York is not dead, and his restaurants and recent private club opening serve as proof.

Makris, a hospitality veteran, is a co-owner of multiple successful restaurants in Manhattan. He has experienced the ups and the overwhelming amount of downs 2020 has offered. Through it all, he remained optimistic and kept the high morale of his staff and partners. Since restaurants were deemed essential, Makris and his partners kept their doors open for takeout while abiding by all regulations and proper employee testing. The optimistic leader and his team felt compelled to give some sort of hope to the people of New York.

Lola Taverna, the relatively new kid on SoHo’s block, pushed through winter and the pandemic. Since it survived both, it could probably survive anything. Makris and his partner Cobi Levy opened the popular Greek spot nearly a year ago and, more recently, were able to redesign the outdoor space to give the community a refreshing escape from all the chaos. It is now packed every night of the week and breathing life back into social interactions. Makris and Levy’s other must-visit spot Little Prince, located down the street from Lola, famous for its crowd-pleasing, dietary accommodating dishes, has been around for seven years and is currently available for private events. The duo has plans to build on the brand and are currently constructing a more elevated version of the concept.

“The city has been picking up and people are streaming back in and becoming more comfortable with socializing,” Makris said. “We have absolutely seen an uptick in business, and I believe it will continue to increase.”

The restaurant business took a hit, but with regulations lifting and the spread being contained, it is expected that these restaurants will experience a revenue spike; some may even make up for lost momentum.

Now, packed restaurants are not the only sign of hope. Makris and his other business partner Scott Sartiano have been given the green light to open their private membership club next week. Zero Bond, which has an adequate and safe number of members already, will absolutely attract more elites to New York in the near future. Not only that, but it serves as an example that opening or starting a project during a pandemic is very achievable. New additions to the great city of New York definitely means it’s not dead.

Overall, New Yorkers are tough, and when faced with adversity, they will join in solidarity and do whatever to make a comeback. From what I have seen, everyone is getting out as much as possible to support businesses and ensure New York stays alive.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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Business

Black Banx Group — Third Quarter 2025 Results

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FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

  • Revenue: USD 4.3 billion
  • Profit before tax (PBT): USD 1.6 billion
  • Cost-to-income ratio: ≈ 62%
  • Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

  • Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
  • Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
  • Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
  • Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
  • Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact: 

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.

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