For pre-2007 company history, see Publishing & Broadcasting Limited. Crown Resorts Limited is Australia's largest gaming and entertainment group which had, in April 2018, a market capitalisation of just over A$8.7 billion.Who is the current chairman of Crown Resorts?
On 21 March 2018, James Packer resigned as an executive chairman of Crown Resorts. In May 2019, Packer agreed to sell 20% of Crown's shares, representing nearly half his personal stake in the company, to Melco Resorts & Entertainment, for A$1.76 billion (U.S. $1.22 billion).When did Crown Resorts buy Betfair in Australia?
In August 2014 Betfair completed the sale of their 50% stake in Betfair Australia to venture partner Crown Resorts, one of Australia's largest gambling and entertainment groups. On 5 August 2014 Crown bought the site of the New Frontier Hotel and Casino on the Las Vegas Strip for $280 million with the intent to build a new hotel beginning in 2015.When did Crown Resorts divest its gambling assets?
The company was established in 2007 when Publishing & Broadcasting Limited (PBL) divested its gambling assets to Crown Limited. PBL was renamed Consolidated Media Holdings, retaining all of the remaining assets.