News

Crown has fired a warning shot at Victoria’s royal commission, claiming 12,000 jobs would be at risk if it lost its casino licence

Crown Resorts has claimed it could default on its debt if Victoria’s royal commission makes negative findings against its Melbourne casino licence with “severe consequences” for shareholders and thousands of employees. The casino giant’s executive chairman Helen Coonan on Thursday denied the company was trying to interfere with the inquiry […]
Crown has fired a warning shot at Victoria’s royal commission, claiming 12,000 jobs would be at risk if it lost its casino licence
Markets

The Federal Court approves Nine Entertainment Co takeover of Fairfax Media

The Federal Court has approved Nine Entertainment Co’s takeover of Fairfax Media, despite opposition from former Domain boss Antony Catalano and Aurora Funds Management. At a hearing on Tuesday morning, shareholders were given an opportunity to oppose the scheme of arrangement to join the two media companies, which saw Mr […]
The Federal Court approves Nine Entertainment Co takeover of Fairfax Media
News

The detention of Crown staff in China over alleged ‘gambling crimes’ has rattled the Asian gaming industry

Chinese authorities have launched a criminal investigation into staff at Crown Resorts and confirmed they have detained a number of Australians for gambling-related offences. Crown believes 18 of its staff, including three Australians, are being held, as other foreign casino operators, including Star Entertainment, scramble to safeguard their China-based staff. […]
The detention of Crown staff in China over alleged ‘gambling crimes’ has rattled the Asian gaming industry
Markets

The future of Funtastic is in doubt after another big loss

The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. Funtastic, which counts Harvey Norman executive chairman Gerry Harvey as one of its major shareholders, narrowed its net loss to […]
The future of Funtastic is in doubt after another big loss