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Business 06 Jul 2018 | 12:00 AM

Packer's Crown widens hunt for buyers with tower mostly unsold

SYDNEY: Crown Resorts Ltd is widening its hunt for buyers of luxury apartments at its Sydney casino development, where about three-quarters of the tower and its A$100mil (US$74mil) penthouse are yet to be sold.

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.

Corporate News 05 May 2016 | 5:04 AM

Australia’s Crown sells Macau gambling stake

SYDNEY: Casino mogul James Packer’s Crown Resorts has offloaded part of its stake in Macau-focused Melco Crown Entertainment for US$800 million, as gaming revenue slumps in the Chinese territory.

Business 05 Aug 2014 | 12:00 AM

Aussie tycoon Packer buys prime US casino site

SYDNEY: Crown Resorts owner Australian mogul James Packer (pic) has paid A$280mil (US$260mil) for a prime site on Las Vegas Boulevard in a bid to crack the American casino market.

Business 22 Jul 2015 | 12:00 AM

Australia’s Echo closes on rival Crown in China gambling war

SYDNEY: Australian casino firm Echo Entertainment Group Ltd will pay a Hong Kong partner to fly in rich Chinese gamblers to a lavish new complex in Brisbane, upping the rivalry with Crown Resorts Ltd for tourism’s most coveted demographic.

Business 13 Aug 2015 | 2:09 PM

Packer quits as Crown chairman

SYDNEY: Australian billionaire James Packer stepped down as chairman of Crown Resorts on Thursday, after full-year profits at the gambling giant slumped 41.3% on writedowns and falling Macau gaming revenue.

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.

Business 20 Dec 2015 | 11:57 PM

Australian billionaire Crown owner quits board as Macau woes deepen

SYDNEY: Australian billionaire James Packer quit the board of casino giant Crown Resorts Ltd, four months after stepping down as chairman, as it grapples with falling revenue in the Asian gambling hub of Macau.

Corporate News 13 Nov 2016 | 7:38 AM

Australia's Crown says China releases one of 18 detained casino employees

SYDNEY, Nov 13: Australia' top casino operator Crown Resorts said on Sunday that one of 18 staff arrested in China in October for suspected "gambling crimes" had been released from detention. Crown gave no more details.

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.