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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
