Crown profits slump as VIP business almost halves
Profits have fallen at James Packer's Crown Resorts following a dramatic decline in revenue from wealthy VIP high rollers in the wake of the arrests and jailing of the company's staff in China.
Workplace Reporter for The Age
Profits have fallen at James Packer's Crown Resorts following a dramatic decline in revenue from wealthy VIP high rollers in the wake of the arrests and jailing of the company's staff in China.
Giant global shipping lines ran a cartel for importing cars into Australia in a "deliberate, systematic" scheme resulting in a landmark conviction for one company and a massive $25 million fine.
Billionaire businessman James Packer has officially rejoined the board of Australia's biggest casino operator, Crown Resorts.
"Everyone's got their own pinch point," says Simon Whiteley, one of the many local exporters confronting the danger of a soaring Australian dollar.
A proposed $50 million national sports lottery to bankroll Australian athletes has been rebuked by newsagents as a "very big thought bubble" that could erode funding to hospitals, schools and charities.
Unions will target Crown's high-rollers and corporate clients as part of a deepening industrial conflict over who maintains the 2600-plus pokies machines at its flagship Melbourne casino.
Australian gambling operators are expressing interest in a new style of "skill-based" slot machines marketed at younger punters who are unlikely to play the traditional, push-button pokies.
One of the world's largest defence companies is being urged to build a new fleet of combat vehicles in Victoria if its bid for the Australian army's most expensive acquisition contract in history succeeds.
A new style of "skill-based" slot machines is being investigated by Australian gambling authorities following their rollout across some of the biggest casinos in the world.
It should have come as no shock that rules on carbon emissions for new cars are on the way.
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