The Crown Casino in Melbourne. Crown Resorts—controlled by billionaire James Packer—said it expects to report losses for the year ended June, as earnings were hit by lockdowns to curb the spread of ...

Private equity companies generally have a reputation for buying “distressed assets” at bargain prices, squeezing as much cash out of them while making them look as profitable as possible, then selling ...

It was only two years ago that Crown Resorts sold its founding stake in Melco Resorts (NASDAQ: MLCO), formerly known as Melco Crown, for $1.16 billion. Now Melco is buying a 19.99% stake in Crown ...

(RTTNews) - Crown Resorts Limited (CWN.AX) said that it has reached a scheme implementation deed with Blackstone, under which the U.S. private equity giant will acquire all of the shares in Crown at a ...

Blackstone-owned Crown Resorts has cleared CEO Ciaran Carruthers after investigating an allegation that he had overruled the Australian casino operator's security officers over banning intoxicated ...

(RTTNews) - Wynn Resorts said that it agreed to acquire Crown London (Aspinalls), a small, members-only casino in the heart of London's upscale Mayfair district, from Crown Resorts. The acquisition is ...