John Alexander is the executive deputy chairman of Crown Resorts Limited and is also a director of a number of companies, including Seven West Media Limited, Crown Melbourne Limited, Burswood Limited, Aspers Holdings (Jersey) Limited and CrownBet Pty Limited. He will take the position of chairman of Crown Resorts from February 1, 2017. Mr Alexander was the executive chairman of Consolidated Media Holdings Limited (“CMH”) from 2007 to November 2012, when CMH was acquired by News Corporation. Prior to 2007, Mr Alexander was the chief executive officer and Mmanaging director of Publishing and Broadcasting Limited (“PBL”) from 2004, the Chief Executive of ACP Magazines Limited from 1999 and PBL’s group media division comprising ACP Magazines Limited and the Nine Network from 2002. Before joining the PBL Group, Mr Alexander was the Editor-in-Chief, Publisher and Editor of The Sydney Morning Herald and Editor-in-Chief of The Australian Financial Review. Mr Alexander is a member of the Crown Investment Committee.
Casino operator Crown Resorts says it will continue to invest significantly in its Australian properties to remain competitive with new integrated resorts emerging across Asia and Australia. Crown’s executive chairman John Alexander told shareholders during an AGM on Thursday that the company will focus on improving the underlying performance of its key Australian resorts, and […]
Gaming mogul James Packer says he has no intentions to expand his gaming empire to Japan, and would rather focus on developing Crown’s flagship casino in Sydney. Speaking to local newspaper, The Australian, Packer said he did not want management “distracted” by participating in any competitive bidding process for an IR in Japan. He also […]
Crown Entertainment’s full year profit fell more than 15 percent in the year to end June, hurt by a plunge of nearly 50 percent in VIP program play following the arrest of 18 of its employees last year in China. Normalized profit was $343.1 million ($272 million), though reported profit almost doubled to $1.86 billion […]
Casino operator Crown Resorts Ltd. on Friday announced the stepping down of company secretary Michael Neilson. Mary Manos will continue to act as company secretary and will also become General Counsel, while Neilson will remain with the Crown Group for a “transitional period”, noted the operator in an ASX filing on Friday. According to Crown […]
Australia-listed Crown Resorts has cut more than 200 jobs at its Perth operations as falling VIP patronage and reduced profits put pressure on earnings, local media reports. The company confirmed the redundancies on Tuesday to Western Australia news outlet, PerthNow. “A priority of ours is to support those affected by these changes. 5,500 people continue […]
Australia-listed Crown Resorts on Thursday announced the departure of its chief executive after more than 20 years with the group. Instead of sourcing a replacement, Crown said his responsibilities will be absorbed by its executive chairman, John Alexander. “Given the recent decision to reduce Crown’s investment in Melco Crown Entertainment Ltd and to discontinue the […]
Australian news outlets are tipping for Crown Resorts CEO Rowen Craigie to announce his departure from the casino company soon after Thursday’s interim results. According to The Australian and the Australian Financial Review, the head of Crown Australia, Barry Felstead will likely be the successor for the role. It was only earlier this month that […]
Crown Resorts chairman Robert Rankin has announced he will be stepping down in February, to be replaced by executive deputy chairman John Alexander. Effective February 1, Mr. Rankin will remain as Crown Resorts Ltd. director, and a director of Melco Crown Entertainment Ltd, according to a filing from Crown Resorts on Tuesday. Mr. Rankin is […]
Crown Resorts posted higher-than-expected normalized H1 profit as VIP gamblers returned to its Australian properties. Normalized net profit after tax gained 0.6 percent to $192.4 million ($151 million), beating the $178 million expected by analysts. Normalized EBITDA was up 11.2 percent at $447.7 million. At the Australian operations, revenue gained 4.8 percent to $1.55 billion. […]
Crown Resorts reported an almost 13 percent increase in normalized profit after tax for the year ending June 30th, fuelled by a 54.4 percent surge in VIP program play turnover.
Crown Resorts said its VIP program play dropped by 46 percent in the July to Oct. 20 period due to difficult trading conditions in the international VIP market.