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Century Entertainment International Says VMG And Crown Resorts Terminates License Agreement In Cambodia
Crown Resorts Says For 1 July 2019 To 23 March 2020, Normalised NPAT About $210 Mln
Crown Resorts Says Blackstone Purchase Stake In Co
Crown Resorts Limited is an Australia-based entertainment company with its core businesses and investments in the integrated resort sector. The Company owns and operates various integrated resorts, including Crown Melbourne Entertainment Complex and Crown Perth Entertainment Complex. Crown Melbourne is an integrated resort, which has a casino, hotels, function rooms, restaurants, shopping and entertainment facilities. The Crown Perth is an integrated resort, which consists of a casino, international hotels, a convention center, and food and beverage outlets. The Company also operates Crown Aspinalls, which is a London casino located in West End entertainment district.
Hotels & Motels
Crown Towers, L 3 8 Whiteman Street
Helen Anne Coonan
Non-Executive Chairman of the Board
Kenneth M. Barton
Chief Executive Officer, Director
John Hartely Poynton
Non-Executive Deputy Chairman of the Board
Chief Financial Officer
Barry J. Felstead
Chief Executive Officer - Australian Resorts
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Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau's Melco Resorts & Entertainment Ltd, sending Crown shares soaring amid hopes of a buyout.
Australian shares advanced on Wednesday as risk sentiment improved on phased easing of coronavirus-driven lockdowns around the world, while Crown Resorts surged 12% after Blackstone bought a stake in the casino operator.
Australia's Crown Resorts Ltd said on Wednesday that U.S. private equity firm Blackstone Group Inc had bought some of its shares from Macau casino operator Melco Resorts & Entertainment Ltd.
Australia's top two casino operators said on Thursday they have laid off about 20,000 staff either temporarily or permanently and lined up about $760 million in bank credit to survive the coronavirus crisis that has battered the industry.
Australia's Crown Resorts Ltd said on Thursday it has stood down about 95% of its employees due to the suspension of gaming and other non-essential services at its Melbourne and Perth resorts because of coronavirus restrictions.
* CROWN HAS BEEN FORCED TO SUBSTANTIALLY REDUCE ITS WORKFORCE
* CROWN MELBOURNE AND CROWN PERTH ENTERTAINMENT COMPLEXES HAVE CEASED GAMING ACTIVITIES
* REVISES CROWN MELBOURNE & PERTH RESTRICTIONS ON NUMBER OF PATRONS IN FOOD & BEVERAGE, BANQUETING, CONFERENCE FACILITIES TO 100 FROM 450 Source text for Eikon: Further company coverage:
* ANNOUNCES 14 DAYS OF PAID SPECIAL LEAVE FOR EMPLOYEES FACING COVID-19 CHALLENGES
* WILL IMPLEMENT EQUIVALENT SOCIAL DISTANCING POLICY AT ITS CROWN PERTH ENTERTAINMENT COMPLEX
Crown Resorts said on Monday it was adopting several "social distancing" measures at its casino in Melbourne in light of the growing threat posed by the spreading coronavirus.
* Crown normalised H1 profit A$172.7 mln vs A$194.1 mln prior year
Australia's Crown Resorts Ltd on Wednesday posted a 11% fall in half-year profit as Chinese high-rollers scaled back spending amid a slowdown in the world's second-largest economy.
* Closure of Macau casinos and slide in tourism hitting industry
The new coronavirus epidemic has claimed its first big M&A deal, with Macau casino operator Melco Resorts & Entertainment Ltd <MLCO.O> pulling the plug on a stake purchase in Australia's Crown Resorts Ltd <CWN.AX>, citing a plunge in traveler numbers and casino closures.
* RECEIVED ATTACHED DEED FROM CPH IN RELATION TO TERMINATION OF CERTAIN OBLIGATIONS UNDER SHARE SALE AGREEMENT
Melco Resorts & Entertainment Ltd said on Thursday it has shelved plans to raise its stake in Australia's Crown Resorts Ltd as the coronavirus outbreak in China forces the casino operator to rethink its non-core investments.
Crown Resorts <CWN.AX> appointed a new chairwoman and a chief executive on Friday in a major management reshuffle, as Australia's biggest casino operator seeks to navigate through regulatory probes and falling profits.
Australia's Crown Resorts on Friday said it has appointed Helen Coonan as chair and Ken Barton as chief executive and managing director.
Crown Resorts Ltd on Thursday said "VIP" sales at its Australian resorts sank 46% during the July-Oct. 20 period as the international tourist market for the casino operator remained under pressure.
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