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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.
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.
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.
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.
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.
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.
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.
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.