🖐 Crown casino group tells ASX it cannot explain % share fall | Australia news | The Guardian

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Crown Resorts Limited is one of Australia's largest gaming and entertainment groups which had, in April , a market In May , Packer agreed to sell 20% of Crown's shares, representing nearly half his personal stake in the company.


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Crown's VIP gambling revenue fell by 26pc as high rollers Crown shares were per cent higher at $ by pm (AEST) in a generally.


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Crown Resorts Limited is one of Australia's largest gaming and entertainment groups which had, in April , a market In May , Packer agreed to sell 20% of Crown's shares, representing nearly half his personal stake in the company.


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CROWN RESORTS LIMITED (CWN) is a company within the Consumer Discretionary sector listed in the ASX indicies. Get the latest share prices for CROWN.


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CWN | Complete Crown Resorts Ltd. stock news by MarketWatch. Market Cap $B; Shares Outstanding n/a; Public Float M; Beta ; Rev. per Employee Wynn Resorts Stock Upgraded on Hopes for China and Boston Casinos.


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A Reuters calculation shows the Macau casino operators came into with a Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming Crown's shares have fallen 21% since February 20 when restrictions on.


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Australia's biggest casino company Crown Resorts reported on Wednesday a sharp decline in spending by wealthy Chinese tourists at its properties, pushing its crown casino market share down in their biggest one-day fall in more than two years.

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Normalised revenue fell 1. Shares of Crown fell as much as 6. Data also provided by. Key Points. Skip Navigation. Crown, which is owned 47 percent by billionaire James Packer, also posted a weaker than expected profit for the six months to December. The broader market was down 0. A sharp decline in spending by wealthy Chinese tourists at Crown Resorts' properties pushed its shares down in their biggest one-day fall in more than two years, the company reported on Wednesday. Markets Pre-Markets U. Gambling revenue in the Chinese island of Macau , the world's biggest casino destination, fell in January for the first time in more than two years partly due to slowing economic growth and the effects of trade tensions. That has been against the backdrop of a China- U. Get this delivered to your inbox, and more info about our products and services. Turnover from "VIPs" — largely Chinese tourists on package holidays — fell 12 percent compared to a 16 percent rise in the year-ago period. The decline shows the far-reaching effects of a cooling in Chinese spending that has already driven exporters like Australian vitamin maker Blackmores to lower profit guidance and iPhone maker Apple to issue a revenue warning. All Rights Reserved. Get In Touch. Since the China arrests, Crown has pulled back from its Asia expansion plans and instead relied on high-rolling Chinese tourists at home to grow profit. Sign up for free newsletters and get more CNBC delivered to your inbox. We want to hear from you. But while tourist numbers are up — 1.