Private prison profits surge under Trump immigration crackdown ...Middle East

Geo Group announced a $300 million share repurchase programme following a $29.1 million quarterly profit, reversing last year’s $32.5 million loss.

Executive Chairman George Zoley acknowledged logistical hurdles in ICE’s plan to hire 10,000 staff, calling it “very expensive and very complicated.”

Another 5,900 idle beds across six locations could produce $310 million yearly if utilised by immigration authorities.

Congress recently tripled ICE’s four-year detention budget to $45 billion under Trump’s fiscal package.

Geo Group shares closed 2.6% higher following the earnings report. - AFP

Hence then, the article about private prison profits surge under trump immigration crackdown was published today ( Thursday 07/08/2025 - 02:54 AM ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Private prison profits surge under Trump immigration crackdown )

Also on site :

• Anycubic Opens Deposits for Kobra X, Following Formnext Debut of Its Next-Generation Entry-Level Multicolor FDM Printer
• AR Accessibility Research Wins AIS Impact Award 2025 with Support from LLVision Smart Glasses
• How Peso Pluma and Tito Double P Made ‘Dinastía,’ and Changed the Sound of Corridos