- AFP•2 months ago
Australian mogul James Packer's Crown Resorts reported a sharply higher second-half net profit Thursday after scaling down a Macau joint venture which offset weaker turnover from high rollers. The casino operator, which has been hit by softening demand in Macau following a Chinese corruption crackdown, also announced its chief executive of 10 years Rowen Craigie was stepping down. Crown posted net profit of Aus$359 million (US$276 million) for the six months to December 31, up 75 percent on the corresponding period in 2015.
- noodls•4 months ago
ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 23 December 2016 LEGAL CHALLENGE TO CROWN SYDNEY PLANNING APPROVAL DISMISSED MELBOURNE: Crown Resorts Limited (ASX: CWN) ("Crown") announced today the ...
- AFP•4 months ago
Australian mogul James Packer's Crown Resorts on Thursday slashed its stake in a Macau joint venture and shelved plans for a Las Vegas casino in a scaling back of operations to cut debt. Crown has been hurt by softening demand in Macau following a Chinese corruption crackdown and will sell 13.4 percent of Melco Crown Entertainment for Aus$1.6 billion (US$1.2 billion) to joint-venture partner Melco International. Its shareholding in Melco Crown will fall to 14 percent after the transaction.
CWN.AX: Summary for CROWN FPO - Yahoo Finance
Crown Resorts Limited (CWN.AX)
ASX - ASX Delayed price. Currency in AUD
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|Day's range||12.47 - 12.57|
|52-week range||10.31 - 14.06|
|PE ratio (TTM)||8.27|
|Dividend & yield||0.58 (6.52%)|
|1y target est||N/A|