Crown
Stock Code
Stock Exchange
Crown (CWN) is one of the Australia's leading entertainment groups. The Company has its businesses and investments in major international markets. Crown listed on the ASX on 3rd of December, 2007. Crown Entertainment Complex in Melbourne and Burswood Entertainment Complex in Perth are two of Australia’s leading gaming and entertainment complexes that are wholly owned and operated by Crown. The Crown Entertainment Complex has 2,500 electronic gaming machines and 350 table games. It has two hotels with 947 rooms, comprising 31 luxury villas.
James Packer's Macau Crown Casino (CWN) revenue slipped for a third consecutive quarter as travel restrictions on mainland residents slowed growth in visitor arrivals. Casino revenue declined to $3 billion in the fourth quarter from $3.2 billion in the previous three-month period, according to figures posted on the Macau Gaming Inspection and Coordination Bureau's Web site.
James Packer's Crown has persuaded the banks that, it has the capability to repay the debts. It has managed to arrange a bilateral facility from 10 banks to repay the syndicated debt facility which is due on August 2010.The facility has arranged them at least 1.1 billion Australian dollars or 355 million US dollars approximately.
Crown (CWN) has a target price of $15.10 and a reiterated Outperform recommendation from Australian Stockmarket analyst Macquarie Research Equities.
Crown (CWN) : The Gaming Gem in Macau!
Crown (CWN) has a price target of $15.00 by Australian stockmarket analyst Macquarie Research Equities.
Crown (CWN) Macau preliminary commission rate cap guidance of 1.25% of rolling chip
Preliminary commission rate cap guidance of 1.25% of rolling chip
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