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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.

World 12 Jul 2017 | 12:17 PM

China releases first Crown Resorts staff jailed for gambling crimes

SHANGHAI (Reuters) - China released 10 employees of Australian casino operator Crown Resorts Ltd on Wednesday, the first of 16 who were detained in October and sentenced in June for gambling crimes.

AseanPlus News 27 Jun 2017 | 12:00 AM

Court jails Aussies in Crown Resorts trial

SHANGHAI: A Chinese court handed short jail terms to three Australian employees of Crown Resorts Ltd in a quick-fire trial following a lengthy probe into how the firm lured Chinese high-rollers to its casinos.

China 26 Jun 2017 | 6:25 AM

Australia's Crown Resorts staff face trial in China

Shanghai (AFP) - A Chinese court opened a trial on Monday for 19 current and former employees of Australia's Crown Resorts company who were charged with promoting gambling, including three Australians and a Malaysian.

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.

Business 28 Apr 2017 | 12:00 AM

Fate of Australian TV network Ten in hands of billionaire trio

SYDNEY: Ten Network Holdings’ survival depends on three billionaire debt guarantors, including News Corp co-chairman Lachlan Murdoch, after Australia’s third-largest TV network reported a A$232mil (US$173mil) half-year loss in a weak advertising market.

World 29 Mar 2017 | 8:44 AM

Australia holds emergency meeting with China after extradition treaty failure

SYDNEY (Reuters) - Australia's foreign minister held an emergency meeting with the Chinese ambassador in the wake of Canberra's failure to ratify an extradition treaty with China, a source familiar with the situation said on Wednesday.

World 28 Mar 2017 | 9:01 AM

Australia cancels vote on extradition treaty with China

SYDNEY (Reuters) - Australia cancelled a vote on Tuesday to finally ratify an extradition treaty with China, 10 years after it was signed, with the government set for an embarrassing defeat on the vote.

World 03 Feb 2017 | 1:44 PM

Rooms for rent - Australian hotels expand rapidly to catch Chinese tourism boom

SYDNEY (Reuters) - The hole in Australia's economy dug by China's dwindling appetite for its resources is being filled by the Chinese themselves, whose growing affluence is powering a surge in travellers in a boon to tourism income and growth.