Crown Resorts Ltd | World Casino News

James Packer’s Crown board seat vacancy filled; Poynton named non-executive director

May 3, 2018

Latest Casino and Gambling News, Australia, Employment & Careers

Having resigned in March as director of Crown Resorts Ltd. (CWN:ASE), Australian billionaire James Packer has reportedly been replaced with John Poynton (pictured), who the gaming and entertainment group recent...

James Packer steps down from Crown Resorts board

K Morrison

March 21, 2018

Latest Casino and Gambling News, Australia, Employment & Careers

Australian billionaire James Packer (pictured) has reportedly resigned as director of Crown Resorts Ltd. (CWN:ASE), the casino company the 50-year-old’s private investment company, Consolidated Press Holdings P...

City of Dreams Macau’s Crown Towers hotel set to operate under new name

Marie Kelley

December 13, 2017

Latest Casino and Gambling News, Macau

In Macau, the City of Dreams casino resort operates three hotels within the property, one of which is Crown Towers. It was recently made known that the Crown Towers will no longer be operating under the Crown n...

Alon founders not giving up on Las Vegas Strip resort development

Lars Jones

December 25, 2016

Latest Casino and Gambling News, Las Vegas, New Hotels, Casino project updates, Economy/Finance

Alon Las Vegas may have experienced some troubles with finding proper funding for the boutique Strip resort in the past, but another major hurdle may have appeared on December 15 when James Packer's Crown Resor...

First Crown Resort employee released by Chinese authorities

Marie Kelley

November 12, 2016

Latest Casino and Gambling News, Macau

Crown Resorts Ltd has announced that one of eighteen employees detained in China last month was released on Friday. The eighteen employees were detained by authorities in China for suspected gambling crimes. Th...

Melbourne Cup organizers tread carefully in China after Crown crisis

K Morrison

October 31, 2016

Latest Casino and Gambling News, Horse Racing, China

Organizers of the Melbourne Cup, the Victoria Racing Club, are treading lightly as they prepare the first big marketing push into China on the heels of the recent Crown arrests, according to The Sydney Morning ...

Arrests of Crown employees in China set Macau and other gaming stocks adrift

Marie Kelley

October 18, 2016

Latest Casino and Gambling News, China, Gaming Industry News, Crime

Over the weekend, it was made known that 18 employees of Crown Resorts Ltd were detained by the authorities of China. Included in the detentions were three Australians accused of trying and lure gamblers in Ch...

Crown Resorts to cleave Australian and overseas companies

Martin Chua

June 15, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Crown Resorts Ltd announced in a filing with the Australian Securities Exchange Wednesday that they plan to separate most of their non-Australian located businesses from their domestics. They will also explore ...

With win under belt Asian beat goes on for Echo/Star Entertainment

K Morrison

September 6, 2015

Latest Casino and Gambling News, Casino proposals, Australia, Casino News, Casino Cruise Ships, World Casino News, Licenses, Oceania Casino News, Mergers, Acquisitions & Partnerships

New South Wales Independent Liquor and Gaming Authority has given the green light to Genting Hong Kong to increase its stake in Australian casino operator Echo Entertainment above 10 percent. According to lo...

Billionaire James Packer’s Crown credit profile under pressure

D. Graham

August 18, 2015

Latest Casino and Gambling News, Australia, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Nevada

Between the recent increase in cost to insure Crown Resort’s notes, rising net debt, widening spread of credit default swaps, significant profit decreases from Macau properties, and plans to spend billions more...

James Packer resigns as Crown Resorts Chairman, assumes Senior Executive directorship

D. Graham

August 13, 2015

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Casino project updates, Macau, Spain, Nevada

Crown Resorts Limited, Australia, has announced that billionaire James Packer, Crown’s largest shareholder, has stepped down as Chairman. Mr. Packer will assume a more global, hands-on roll as senior executive ...