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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.

World 29 Mar 2017 | 8:44 AM

Australia holds emergency meeting with China after extradition treaty failure

SYDNEY (Reuters) - Australia's foreign minister held an emergency meeting with the Chinese ambassador in the wake of Canberra's failure to ratify an extradition treaty with China, a source familiar with the situation said on Wednesday.

World 28 Mar 2017 | 9:01 AM

Australia cancels vote on extradition treaty with China

SYDNEY (Reuters) - Australia cancelled a vote on Tuesday to finally ratify an extradition treaty with China, 10 years after it was signed, with the government set for an embarrassing defeat on the vote.

World 03 Feb 2017 | 1:44 PM

Rooms for rent - Australian hotels expand rapidly to catch Chinese tourism boom

SYDNEY (Reuters) - The hole in Australia's economy dug by China's dwindling appetite for its resources is being filled by the Chinese themselves, whose growing affluence is powering a surge in travellers in a boon to tourism income and growth.

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.

World 26 Nov 2016 | 6:09 PM

China cracks down on cross-border gambling ring, makes nearly 100 arrests - Xinhua

SHANGHAI (Reuters) - Police in central China have arrested 94 members of a $72 billion (57.72 billion pounds) cross-border gambling ring whose activities stretched into Southeast Asia, the official Xinhua news agency reported on Saturday, citing police.

World 24 Nov 2016 | 12:00 AM

China arrests Australian casino staff

Sydney: Three Australian employees of billionaire James Packer’s Crown Resorts have been formally arrested in China, Foreign Minister Julie Bishop said, as Beijing cracks down on high-roller gambling promotions.

World 23 Nov 2016 | 5:15 PM

China arrests three Australian Crown Resorts employees

SYDNEY (Reuters) - Australian officials have met with the three Crown Resorts Ltd employees detained in China since mid-October, Australia's foreign minister Julie Bishop said, after the trio were formally arrested on suspicion of gambling offences.

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.