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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 13 Aug 2014 | 9:03 AM

Australian casino company Echo profit beats expectations

SYDNEY: Australian gaming company Echo Entertainment Group topped market expectations as it posted a 12 percent rise in full-year earnings on Wednesday, boosted by an improved performance from its Australian casinos.

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.