Chinese authorities have detained 18 employees of billionaire James Packer’s Crown Resorts, including three top Australian executives, in a co-ordinated police operation targeting the gaming giant’s marketing activities in China. Most senior among those detained was Jason O’Connor, the company’s executive general manager in charge of international VIP services. Previous slide Next slide Australian Crown…
3:48pm on 17 Oct 2016 That’s it for Markets Live today. Thanks for reading and your comments. See you all again tomorrow morning from 9. 3:34pm on 17 Oct 2016 A 14 per cent plunge in Crown shares led a broadly negative session on the ASX, as the benchmark top 200 index fell 45 points,…
Related Story: Wagering giants Tatts and Tabcorp resume $10 billion merger talks Two of Australia’s biggest listed gambling businesses, Tabcorp and Tatts, have agreed to merge and create an $11.3 billion giant which will control more than 90 per cent of Australia’s totalisator betting and generate revenues in excess of $5…
James Packer says ‘I am deeply concerned for the welfare of those Crown employees detained in China.’ The Chinese government wants to control where its wealthiest citizens are putting their riches. OVER felt-covered tables and shiny roulette wheels in the worlds most opulent VIP gambling rooms, a murky world exists where super-rich high-rollers meet organised…
Deutsche Bank has upgraded its rating on Crown Resorts to a buy from a hold. Crowns shares dropped hard yesterday as news broke about 18 of its staff being arrested in China in an apparent crackdown on the marketing efforts of casino operators. Deutsche Bank says the stock was trading at a 19% discount to…
Hank Billings, For the News-Leader 8:31 a.m. CDT October 17, 2016 Can you make a concrete pie, Billy Boy? Can you make a concrete pie, Charming Billy? There must be someone named Billy in the crew that built the concrete “pie” in the middle of the Springfield square in 1911. There also might be someone…
Wesley Missions Richard Brading has been awarded the Justice Medal from the Law and Justice Foundation for his outstanding work in providing legal services to problem gamblers and for driving reform in response to the impact of problem gambling on disadvantaged people. He was presented with the pinnacle honour by The Hon Sir Anthony Mason…
It’s no secret that the strategic investors and infrastructure funds are paying big prices for electricity network assets. But what about the listed power network owners? Citi reckons the likes of AusNet and Spark Infrastructure, in particular, have been left behind. “Recent M&A deals of unlisted assets have achieved very high prices, in part due…
Family relations were a royal bitch for Thailands clown prince. The countrys kooky crop top-sporting playboy prince adopted Foo Foo, the pampered poodle he famously named as an air marshal all to spite his father, according to a report. Prince Maha Vajiralongkorn, 64, who is set to claim the throne after King Bhumibol Adulyadej died…
Travelling almost always involves confronting experiences with abject poverty. As you step out of the pampered cocoons of hotels, restaurants and airline cabins and see destitute people sleeping on streets in all weather and imploring you for money, it is only the most hardened or indifferent whose holiday post-mortems dont wrestle with dilemmas of the…