Tag Archives: Crown Resorts shares

Crown Resorts shares were trading 14 per cent lower on Monday following news that 18 Crown Resorts employees had been detained on suspicion of committing “gambling crimes” in China. It is the biggest share price drop for the company’s stock in 8 years, costing James Packer half a billion dollars. Three Australians detained in China …

James Packer has sold 35 million shares of Crown Resorts at $12.80 per share, a 5 per cent discount to Crown’s closing price on Friday. Packer Relinquishing His Majority Stake in Crown Through Consolidated Press Holdings (CPH), Packer will now own 48.2 percent of the $10 billion company, cutting its stake from 53 percent, but will remain …