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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 22 Dec 2015 | 12:00 AM

Packer may launch bid for Crown

SYDNEY: James Packer (pic) has stepped down as a director of Crown Resorts Ltd, intensifying speculation he’s closer to bidding for the company or some of its assets.

AseanPlus News 21 Dec 2015 | 2:59 AM

Billionaire Packer resigns as Crown Resorts director

Sydney (AFP) - Australian mogul James Packer resigned Monday from the day-to-day running of Crown Resorts but said he will remain involved with the global casino operator in a senior executive role.

Business 20 Dec 2015 | 11:57 PM

Australian billionaire Crown owner quits board as Macau woes deepen

SYDNEY: Australian billionaire James Packer quit the board of casino giant Crown Resorts Ltd, four months after stepping down as chairman, as it grapples with falling revenue in the Asian gambling hub of Macau.

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.

Focus 05 Oct 2015 | 12:00 AM

Oz, NZ vie for Chinese tourist$

With mining losing steam in the former and tourism set to leapfrog dairy as top earner in the latter, Australia and New Zealand are gearing up to lure Chinese tourists to fill the gap in a worsening economic outlook.