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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.
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.
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.
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.