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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.
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.
SYDNEY: Casino billionaire James Packer scrapped plans for a gambling empire spanning the world’s largest gaming markets after a clampdown by authorities in China and unpredictable returns in Macau.
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.
SYDNEY: Australia’s top casino operator Crown Resorts said no charges had been laid against 18 of its staff held in China for alleged gambling crimes, adding to a sense of confusion that has surrounded the company’s biggest crisis.
PERTH: Australia's top casino operator Crown Resorts said on Thursday no charges had been laid against 18 of its staff held in China for alleged gambling crimes, adding to a sense of confusion that has surrounded the company's biggest crisis.
HONG KONG: Casino shares fell as Macau operators pulled staff from China after the country detained employees of Australia’s Crown Resorts Ltd, the latest sign of the government’s clampdown on foreign companies trying to woo its citizens to gamble overseas.
SYDNEY: Australian casino giant Crown Resorts Ltd said on Monday China had detained 18 of its employees including three Australians, sending gaming stocks tumbling on concerns about their strategy for luring Chinese gamblers.