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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.

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 10 Aug 2018 | 12:00 AM

Australia’s Crown annual profit jumps as Asian gamblers return

SYDNEY: Australia’s biggest casino operator, Crown Resorts Ltd, said its annual profit rose 12.7%, beating expectations and sending its shares to a three-year high, as resurgent demand from high-stakes gamblers boosted turnover.

Corporate News 20 Jul 2018 | 12:00 AM

Billionaire James Packer quits 22 boards, deepens corporate withdrawal

SYDNEY: Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signalling his almost full retreat from public business life.

Business 06 Jul 2018 | 12:00 AM

Packer's Crown widens hunt for buyers with tower mostly unsold

SYDNEY: Crown Resorts Ltd is widening its hunt for buyers of luxury apartments at its Sydney casino development, where about three-quarters of the tower and its A$100mil (US$74mil) penthouse are yet to be sold.