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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.
SYDNEY: Australian casino company Crown Ltd sold its 10 percent stake in rival Echo Entertainment Group, signalling billionaire owner James Packer is confident of winning approval for a high-roller casino in Sydney.
SYDNEY: Crown Ltd, the Australian casino company controlled by billionaire James Packer, has won regulatory approval to increase its 10 percent stake in rival Echo Entertainment Group, the operator of Sydney's sole casino.
SYDNEY (Reuters) - Billionaire James Packer, the majority owner of Australian Crown Resorts Ltd, said on Tuesday he was very concerned for 18 company employees detained in China for suspected "gambling crimes."