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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.
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.
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.
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.