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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.

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.

Business 15 Jun 2017 | 12:00 AM

Media moguls’ TV bet sours as Ten Network faces insolvency

SYDNEY: Even having Lachlan Murdoch and billionaire James Packer in your corner isn’t enough to save you these days.

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.

Property 01 May 2017 | 3:11 AM

Tech billionare buys Sydney mansion for record US$56mil

SYDNEY: Tech billionaire Scott Farquhar has bought a Sydney waterfront mansion for an Australian record Aus$75 million (US$56 million), a report said Monday, after the owners resisted selling the 1863-built home to developers.

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 19 Jan 2017 | 7:03 PM

Web of investigations entangles Israel's 'King Bibi'

JERUSALEM (Reuters) - Benjamin Netanyahu has spent 30 years in public office, including 11 years as Israel's prime minister, but this year his political future is being called into question as seldom before.

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.

TV 29 Nov 2016 | 6:04 AM

Find out if Mariah Carey can be your dream lover in her new show

Mariah Carey's new reality show sees the larger-than-life singer trying on wedding dresses and wrestling with a decision to postpone her marriage.