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