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Business 30 May 2019 | 1:26 PM

Billionaire James Packer to sell 20% stake in Crown Resorts to Melco

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.

AseanPlus News 21 Dec 2015 | 2:59 AM

Billionaire Packer resigns as Crown Resorts director

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.

Corporate News 04 Dec 2017 | 2:34 AM

Shareholders sue Australia's Crown Resorts over China marketing

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.

China 26 Jun 2017 | 6:25 AM

Australia's Crown Resorts staff face trial in China

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.

Business 17 Jun 2016 | 12:00 AM

Australia’s Crown Resorts shares jump on break-up plan

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.

AseanPlus News 27 Jun 2017 | 12:00 AM

Court jails Aussies in Crown Resorts trial

SHANGHAI: A Chinese court handed short jail terms to three Australian employees of Crown Resorts Ltd in a quick-fire trial following a lengthy probe into how the firm lured Chinese high-rollers to its casinos.

Corporate News 21 Feb 2019 | 12:00 AM

Crown Resorts stung by drop in Chinese spending

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.

Business 15 Jun 2016 | 8:44 AM

Australia’s Crown Resorts says it may spin off domestic assets

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.

Corporate News 16 Dec 2015 | 7:06 AM

Packer pushing for Crown Resorts buyout

SYDNEY: James Packer, the majority owner of Australia's Crown Resorts Ltd, is in talks with private financiers about a possible buyout of the casino giant, two media reports said, sending the company's shares on their biggest one-day spike.

Corporate News 04 Aug 2017 | 6:54 AM

Australia’s Crown Resorts misses profit forecast after China arrests

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.