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HONG KONG/BENGALURU: Melco Resorts & Entertainment Ltd said on Thursday it would buy a 20% stake in Australia's Crown Resorts Ltd from casino mogul James Packer for A$1.76 billion ($1.22 billion), just months after Wynn Resorts withdrew its offer to buy Crown.
Sydney (AFP) - Australian mogul James Packer resigned Monday from the day-to-day running of Crown Resorts but said he will remain involved with the global casino operator in a senior executive role.
SYDNEY: Australian casino operator Crown Resorts Ltd was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price.
Shanghai (AFP) - A Chinese court opened a trial on Monday for 19 current and former employees of Australia's Crown Resorts company who were charged with promoting gambling, including three Australians and a Malaysian.
SYDNEY: Australia’s No. 1 casino firm Crown Resorts Ltd won support from investors and analysts for a plan to split the business, reigniting speculation billionaire owner James Packer may take part of the company private.
SYDNEY: Australian casino firm Crown Resorts Ltd may set up a new listed company housing most of its domestic assets, a move that could cushion those operations from the downturn in Asia gambling hub Macau which has hammered its shares.
SYDNEY: Australian casino giant Crown Resorts Ltd said on Friday that underlying annual profit fell by nearly a sixth, missing analyst forecasts, as a mass arrest of marketing staff in China led to a slump in high rollers visiting from the mainland.