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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.

Business 04 Dec 2017 | 8:05 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

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.

Business 09 Sep 2017 | 12:00 AM

Donaco looks beyond Vietnam and Cambodia

Casino operator aims to be in major Asian markets in the next 5 years

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.

Business 04 Aug 2017 | 7:57 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 04 Aug 2017 | 6:54 AM

Australia’s Crown Resorts misses profit forecast after China arrests

SYDNEY: Australian casino giant Crown Resorts Ltd said on Friday that underlying annual profit fell by nearly a sixth, missing analyst forecasts, as a mass arrest of marketing staff in China led to a slump in high rollers visiting from the mainland.

Business 10 May 2017 | 12:00 AM

Crown exits decade-long Macau venture

HONG KONG: Casino billionaires Lawrence Ho and James Packer have said their last adieu to a decade-long gaming partnership in Macau, with each going in opposite directions.

Corporate News 06 May 2017 | 1:45 PM

Australian media shakeup could provide huge M&A opportunity

SYDNEY: Australia proposed scrapping media ownership restraints on Saturday which could raise huge interest among moguls looking for acquisitions, especially in its ailing, third-largest free-to-air television network, Ten Network Holdings.