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Packer quits as Crown chairman
SYDNEY: Australian billionaire James Packer stepped down as chairman of Crown Resorts on Thursday, after full-year profits at the gambling giant slumped 41.3% on writedowns and falling Macau gaming revenue.
Australia’s Echo closes on rival Crown in China gambling war
SYDNEY: Australian casino firm Echo Entertainment Group Ltd will pay a Hong Kong partner to fly in rich Chinese gamblers to a lavish new complex in Brisbane, upping the rivalry with Crown Resorts Ltd for tourism’s most coveted demographic.
Sri Lanka's strongman president voted out after a decade
COLOMBO (Reuters) - Sri Lankan President Mahinda Rajapaksa lost his bid for a third term on Friday, ending a decade of rule that critics say had become increasingly authoritarian and marred by nepotism and corruption.
Sri Lanka's political outlook shaky, whoever wins knife-edge election
COLOMBO (Reuters) - In a measure of how far Thursday's presidential election in Sri Lanka has become a knife-edge contest, diplomats here have been checking the rules in case of a dead heat: according to a 1981 act, the rival candidates would draw lots to settle on a winner.
Friend turned foe - the challenger for Sri Lanka's presidency
COLOMBO (Reuters) - Over a dinner of rice-flour pancakes with his trusted health minister one evening in November, Sri Lankan President Mahinda Rajapaksa observed with a grin that there would be no serious candidate to challenge him in the coming presidential election.
Echo beats earnings target, Sydney casino profit up 12%
SYDNEY: Australian gaming group Echo Entertainment, which has been gearing up for a looming battle with a rival luxury casino a mile from its key Sydney asset, posted full-year earnings that beat its own forecast.
Australian casino company Echo profit beats expectations
SYDNEY: Australian gaming company Echo Entertainment Group topped market expectations as it posted a 12 percent rise in full-year earnings on Wednesday, boosted by an improved performance from its Australian casinos.
Aussie tycoon Packer buys prime US casino site
SYDNEY: Crown Resorts owner Australian mogul James Packer (pic) has paid A$280mil (US$260mil) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market.
Australian mogul Packer gives away $188 million
SYDNEY, July 22, 2014 (AFP) - Billionaire James Packer, one of Australia's richest men, on Tuesday announced he was setting up a philanthropic foundation to give away Aus$200 million (US$188 million).
