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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.

Business 11 Apr 2019 | 12:00 AM

Hard Rock, Genting may vie for control of Crown

SYDNEY: Forced to anchor in licensed clusters in Las Vegas and Macau, the world’s biggest casino operators rarely get a free shot at expansion. That’s why a once-in-a-generation opportunity to buy established resorts in Australia could escalate into a bidding war.

Business 10 Apr 2019 | 10:27 AM

Hard Rock, Genting may eye for control of Crown

SYDNEY: Forced to anchor in licensed clusters in Las Vegas and Macau, the world’s biggest casino operators rarely get a free shot at expansion. That’s why a once-in-a-generation opportunity to buy established resorts in Australia could escalate into a bidding war.

Business 10 Apr 2019 | 2:56 AM

Crown shares slump after Wynn ends US$7b takeover talks

SYDNEY: Crown Resorts Ltd. shares slumped after Wynn Resorts Ltd. abruptly ended talks to buy the Australian casino operator for A$9.99 billion ($7.12 billion), casting doubt over Crown’s immediate future and raising the prospect other suitors could emerge.

Business 10 Apr 2019 | 12:21 AM

Australia's Crown shares tumble after Wynn walks from takeover talks

SYDNEY: Shares in Australian casino operator Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd abruptly ended takeover talks overnight.

Business 10 Apr 2019 | 12:00 AM

Wynn considers US$7bil Crown deal

SYDNEY: Wynn Resorts Ltd is in talks to buy Australian billionaire James Packer’s Crown Resorts Ltd for A$9.99 bil (US$7.12 bil) as the Las Vegas casino empire looks for growth in Asia amid a slowdown in the gambling enclave of Macau.

Business 09 Apr 2019 | 11:57 PM

Wall St drops on US trade tensions with EU, IMF global outlook

NEW YORK: Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook.

Business 09 Apr 2019 | 7:23 AM

Wynn considers US$7b Crown deal in search of Asia growth

SYDNEY: Wynn Resorts Ltd. is in talks to buy Australian billionaire James Packer’s Crown Resorts Ltd. for A$9.99 billion ($7.12 billion) as the Las Vegas casino empire looks for growth in Asia amid a slowdown in the gambling enclave of Macau.

Business 09 Apr 2019 | 3:29 AM

Wynn makes US$7.1b buyout play for Australian casino giant Crown

SYDNEY: Australian casino giant Crown Resorts said on Tuesday it had received an indicative A$10 billion ($7.1 billion) takeover offer from Las Vegas's Wynn Resorts, sending Crown's shares soaring as investors bet on an even higher bid.