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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.

Business 16 Dec 2016 | 12:00 AM

Packer reins in casino empire plans after China crackdown

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.

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.

Business 21 Oct 2016 | 12:00 AM

Australia’s Crown says no charges laid against staff

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.

Business 20 Oct 2016 | 7:58 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 20 Oct 2016 | 5:53 AM

Australia's Crown says no charges laid against staff held in China

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.

Corporate News 18 Oct 2016 | 12:00 AM

Detentions at Crown Resorts spur China crackdown fears

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.

Business 17 Oct 2016 | 8:08 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 17 Oct 2016 | 7:33 AM

China detains staff from Australia's Crown for 'gambling crimes'

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.