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Business 17 Jun 2016 | 12:00 AM

Australia’s Crown Resorts shares jump on break-up plan

SYDNEY: Australia’s No. 1 casino firm Crown Resorts Ltd won support from investors and analysts for a plan to split the business, reigniting speculation billionaire owner James Packer may take part of the company private.

Business 15 Jun 2016 | 8:44 AM

Australia’s Crown Resorts says it may spin off domestic assets

SYDNEY: Australian casino firm Crown Resorts Ltd may set up a new listed company housing most of its domestic assets, a move that could cushion those operations from the downturn in Asia gambling hub Macau which has hammered its shares.

Business 05 May 2016 | 7:55 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

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 16 Dec 2015 | 7:37 AM

Top foreign and local stories at 3.30pm

Top foreign and local stories at 3.30pm

Corporate News 16 Dec 2015 | 7:06 AM

Packer pushing for Crown Resorts buyout

SYDNEY: James Packer, the majority owner of Australia's Crown Resorts Ltd, is in talks with private financiers about a possible buyout of the casino giant, two media reports said, sending the company's shares on their biggest one-day spike.

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 14 Aug 2014 | 12:00 AM

Echo beats earnings target, Sydney casino profit up 12%

SYDNEY: Australian gaming group Echo Entertainment, which has been gearing up for a looming battle with a rival luxury casino a mile from its key Sydney asset, posted full-year earnings that beat its own forecast.

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 02 Jul 2014 | 11:27 AM

Australia emerging as new casino hotspot

SYDNEY: Australia is emerging as the latest hotspot for casino operators as they look to attract Asia's high rollers to the gaming tables as well as its pristine beaches and popular centres like the Great Barrier Reef.