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Crown walks after a few bad hands
Crown has abandoned its strategy of buying minority stakes in overseas developments in the aftermath of writing $226 million off the value of three US ventures. The company insisted it would only make new investments if it was in the "driver's seat" at its annual results briefing, its first since it...
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- News Source: The Age | about 1 year agoQBE, which earns two-thirds of its premiums overseas, said net profit for the six months ended June totalled $859 million, down from $921 million reported a year ago. Four analysts on average had forecast QBE's net profit at $869 million...QBE shares...
- News Source: The Daily Telegraph (Australia) | about 1 year agoUS casino acquisitions despite slashing some of its existing US investments by $181 million. Crown took the knife to the $414 million book values of minority stakes in Harrah's Entertainment and Stations Casino Group, just six months after buying...
- News Source: The Age | about 1 year agoCrown has abandoned its strategy of buying minority stakes in overseas developments in the aftermath of writing $226 million off the value of three US ventures. The company insisted it would only make new investments if it was in the "driver's seat"...
- News Source: Sydney Morning Herald | about 1 year agoCrown, which was spun off from James Packer's gaming and media group Publishing and Broadcasting (PBL) last year, has reported a annual normalised net profit of $370.1 million. The reported net profit of $3.56 billion, like the first half result, was...
- News Source: The Age | about 1 year agoCrown wrote down its investments in Harrah's Entertainment Inc by $181 million. Crown was created when the PBL publishing group was broken up by billionaire owner James Packer last year...Crown's shares have fallen 30% so far this year,...
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