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Business 10 Apr 2019 | 2:56 AM

Crown shares slump after Wynn ends US$7b takeover talks

SYDNEY: Crown Resorts Ltd. shares slumped after Wynn Resorts Ltd. abruptly ended talks to buy the Australian casino operator for A$9.99 billion ($7.12 billion), casting doubt over Crown’s immediate future and raising the prospect other suitors could emerge.

Business 10 Apr 2019 | 12:00 AM

Wynn considers US$7bil Crown deal

SYDNEY: Wynn Resorts Ltd is in talks to buy Australian billionaire James Packer’s Crown Resorts Ltd for A$9.99 bil (US$7.12 bil) as the Las Vegas casino empire looks for growth in Asia amid a slowdown in the gambling enclave of Macau.

Business 09 Apr 2019 | 7:23 AM

Wynn considers US$7b Crown deal in search of Asia growth

SYDNEY: Wynn Resorts Ltd. is in talks to buy Australian billionaire James Packer’s Crown Resorts Ltd. for A$9.99 billion ($7.12 billion) as the Las Vegas casino empire looks for growth in Asia amid a slowdown in the gambling enclave of Macau.

Economy 19 Mar 2019 | 12:00 AM

NFO sales rebound

PETALING JAYA: Industry gross number forecast operator (NFO) sales are on a rebound, following active enforcement by the authorities to stamp out illegal gambling activities.

Corporate News 12 Feb 2019 | 12:00 AM

Macau casino stocks rally as tourism growth doubles

HONG KONG: Macau casino shares jumped after China’s Lunar New Year holiday saw tourism growth double to the world’s biggest gaming hub.

Corporate News 02 Feb 2019 | 12:00 AM

China slowdown spurs first Macau casino revenue drop since 2016

HONG KONG: Monthly casino revenue in Macau fell for the first time in more than two years as China’s economic slowdown deterred high rollers – but the drop was less steep than expected, fuelling a relief rally in gaming shares.

Property 17 Sep 2018 | 1:27 AM

Macau casinos to reopen after brief, if costly, typhoon shutdown

HONG KONG: Macau, the world’s largest gambling hub, will resume gaming Monday at all its casinos after Typhoon Mangkhut forced a 33-hour shutdown of resorts including Sands China Ltd. and Wynn Macau Ltd. that’s estimated to cost operators as much as $186 million in revenue.

Business 08 Sep 2018 | 12:00 AM

Grumbling about the new Malaysia

Speakeasy by S. Jayasankaran
An optimist believes we live in the best possible world. A pessimist is afraid that it might be true.

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.

Analyst Reports 23 Jun 2018 | 12:00 AM

How to make nothing from something

According to the police, nine people have been arrested in Penampang, Sabah for running an illegal ring that took bets on the World Cup.