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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.

Business 22 Mar 2018 | 12:00 AM

Billionaire Packer quits Crown due to mental illness

SYDNEY: Billionaire James Packer quit the board of his casino operator Crown Resorts Ltd due to mental health issues, the latest turn in a turbulent private and business life that’s seen his overseas gaming empire unravel.

Corporate News 21 Mar 2018 | 3:33 AM

Australian casino boss Packer resigns due to mental illness

SYDNEY: Australian billionaire James Packer has quit the board of casino operator Crown Resorts Ltd due to mental illness, following a tumultuous period including a break-up with singer Mariah Carey and the failure of Crown's expansion strategy.

Corporate News 08 Dec 2017 | 6:37 AM

Chinese firm makes US$348m bid for Australian gas producer AWE

BENGALURU: State-owned China Energy Reserve and Chemicals Group launched a A$463 million (US$348 million) bid for Australia’s AWE Ltd on Friday, going direct to shareholders after the gas and oil producer rebuffed a slightly lower friendly approach.

Corporate News 08 Dec 2017 | 6:11 AM

Chinese firm makes US$348m bid for Australian gas producer AWE

BENGALURU: State-owned China Energy Reserve and Chemicals Group launched a A$463 million (US$348 million) bid for Australia’s AWE Ltd on Friday, going direct to shareholders after the gas and oil producer rebuffed a slightly lower friendly approach.

Corporate News 04 Dec 2017 | 2:34 AM

Shareholders sue Australia's Crown Resorts over China marketing

SYDNEY: Australian casino operator Crown Resorts Ltd was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price.

Corporate News 12 Aug 2017 | 3:42 PM

China frees top Crown executive jailed for gambling offences

SHANGHAI/BEIJING: China on Saturday freed one of the last remaining Crown Resorts Ltd executives jailed for illegally promoting gambling, as a protracted saga that forced the Australian casino operator to cancel global expansion plans and hurt profits nears an end.