{"id":63,"date":"2024-06-12T14:41:56","date_gmt":"2024-06-12T11:41:56","guid":{"rendered":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/12\/crown-resorts-downsizes-global-ambitions-to-focus-on-australian-market\/"},"modified":"2024-06-13T11:55:47","modified_gmt":"2024-06-13T08:55:47","slug":"crown-resorts-downsizes-global-ambitions-to-focus-on-australian-market","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/12\/crown-resorts-downsizes-global-ambitions-to-focus-on-australian-market\/","title":{"rendered":"Crown Resorts Downsizes Global Ambitions to Focus on Australian Market"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/eDoByVhw23w\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>James Packer&#8217;s Crown Resorts is scaling back its worldwide aspirations to concentrate on its Australian gaming establishments. This choice follows a turbulent period for the corporation, which witnessed multiple executives apprehended in China in 2016 during a clampdown on gaming promotion.<\/p>\n<p>Crown Resorts has now abandoned proposals to separate its international holdings, including a planned $2 billion casino development in Las Vegas. Instead, the company will divest a portion of its ownership in a Macau casino, seeking to generate approximately $1.6 billion. This action comes after a 12% decline in income for the initial six months of the year, partially attributed to the ambiguity surrounding the company&#8217;s prospects in Macau.<\/p>\n<p>Crown Resorts Chairman Robert Rankin stressed that these resolutions are about guaranteeing the company&#8217;s enduring future. By simplifying their operations and prioritizing their Australian properties, Crown Resorts aims to maximize its capital and pursue expansion prospects closer to home. <\/p>\n<p>This shareholder payout strategy demonstrates Crown Resorts&#8217; commitment to both investor returns and responsible debt management. The goal is to strike a balance that ensures the company&#8217;s financial well-being. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Packer&#8217;s Crown Resorts is scaling back its worldwide aspirations to concentrate on its Australian gaming establishments. This choice follows a turbulent period for the corporation, which witnessed multiple executives apprehended in China in 2016 during a clampdown on gaming promotion. Crown Resorts has now abandoned proposals to separate its international holdings, including a planned [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crown Resorts Ditches Vegas, Doubles Down on Aussie Gambling<\/title>\n<meta name=\"description\" content=\"After a wild ride in China, Crown Resorts is scaling back its global ambitions to focus on its Australian casinos. 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