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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.
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.
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.
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.