Crown Resorts stung by drop in Chinese spending


Australia's Crown Resorts said Monday that China had released all of the casino group's employees who were detained as part of a gambling crackdown last year. - AFP/file

SYDNEY: Australia’s biggest casino company Crown Resorts Ltd reported a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its shares down in their biggest one-day fall in more than two years.

Crown, which is owned 47% by billionaire James Packer, also posted a weaker than expected profit for the six months to December.

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Business , gaming , Crown Resorts , James Packer , casino ,

   

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