|Bid||13.50 x 0|
|Ask||13.56 x 0|
|Day's range||13.51 - 13.64|
|52-week range||10.80 - 13.88|
|PE ratio (TTM)||5.47|
|Earnings date||9 Aug. 2018|
|Forward dividend & yield||0.60 (4.45%)|
|1y target est||13.69|
Australian billionaire media and casino mogul James Packer has stepped down from the board of his private investment vehicle, Consolidated Press Holdings. A spokesperson confirmed Mr Packer had stepped ...
Billionaire James Packer stepped down as a director of his private investment company, three months after quitting the board of his casino operator Crown Resorts Ltd. because of mental health issues. The 50-year-old resigned from closely held Consolidated Press Holdings Pty on June 27, according to a notice lodged with the Australian Securities & Investments Commission. Consolidated Press owns about 46 percent of Crown Resorts, according to Bloomberg data.
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Billionaire James Packer resigned as a director of Crown Resorts Ltd. as he battles mental health issues. Bloomberg's Angus Whitley reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
Crown Resorts has agreed to the $150 million sale of its majority stake in bookmaker CrownBet and expects to complete the divestment by the end of February. Crown on Friday said it has entered into an agreement for the sale of its 62 per cent stake - along with loans advanced by it to CrownBet - to investors including CrownBet chief executive Matthew Tripp. The deal is subject to the buyers arranging satisfactory financing, Crown said in a statement to the ASX.
Shares in Crown Resorts have soared after the casino operator announced a string of asset sales that could deliver a windfall of nearly $700 million. The sales include two floors of its luxury Crown Sydney complex at Barangaroo to its largest shareholder, billionaire James Packer. The casino operator said, after the market closed on Thursday, that Mr Packer will pay $60 million for two residential floors of Crown Sydney, located above the mid-levels of the luxury high rise project that will include a casino for high rollers.
Crown Resorts has announced a string of asset sales that could deliver a windfall of nearly $700 million, including the purchase of two floors of its luxury Sydney development by James Packer. Mr Packer will pay $60 million for two residential floors of Crown Sydney at Barangaroo, which are located above the mid-levels of the luxury high rise project that will include a casino for high rollers. The company is also in talks with the management team of bookmaker CrownBet to sell its 62 per cent stake in the venture, which together with loans advanced by Crown to CrownBet would be for $150 million.