{"id":145,"date":"2024-06-16T13:16:09","date_gmt":"2024-06-16T10:16:09","guid":{"rendered":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/"},"modified":"2024-06-20T17:15:47","modified_gmt":"2024-06-20T14:15:47","slug":"crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market","status":"publish","type":"post","link":"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/","title":{"rendered":"Crown Resorts Scales Back Global Ambitions to Focus on Australian Market"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/jIl_l0z6IMw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Gaming magnate, James Packer, is reducing his worldwide gambling aspirations to prioritize prosperity in Crown Resorts&#8217; native Australian market.<\/p>\n<p>This tactical adjustment follows a challenging period for Crown, which witnessed the apprehension of multiple executives in China last October during an event that remains under scrutiny.  Consequently, Australia&#8217;s biggest casino enterprise has abandoned proposals to separate its international holdings and will instead decrease its ownership in its struggling Chinese endeavor.<\/p>\n<p>Crown Resorts Ltd. has already disclosed a 12% revenue reduction for the initial six months of the year, connecting the downturn to a decline in high-roller patrons following the declared intention to divest a portion of its stake in Macau-based Melco Crown Entertainment Ltd. to generate $1.6 billion.<\/p>\n<p>Furthermore, the Sydney-headquartered corporation stated in an official filing that it will not pursue its $2 billion Alon casino project in Las Vegas and will abandon plans to separate its global assets, although it will still offload certain Australian hotel properties.<\/p>\n<p>\u201cThese corporate choices are strategic and long-range, and will bolster the company\u2019s future over the coming decade,\u201d stated Crown Resorts Chairman Robert Rankin.<\/p>\n<p>\u201cToday\u2019s pronouncements will optimize value for all Crown Resorts stakeholders by enabling us to reallocate capital to finance superior growth ventures as well as implementing a variety of capital management strategies.\u201d <\/p>\n<p>The goal of this profit-sharing strategy is to serve the interests of all Crown Resorts investors by striking a balance between debt reduction and realizing the firm&#8217;s financial objectives. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gaming magnate, James Packer, is reducing his worldwide gambling aspirations to prioritize prosperity in Crown Resorts&#8217; native Australian market. This tactical adjustment follows a challenging period for Crown, which witnessed the apprehension of multiple executives in China last October during an event that remains under scrutiny. Consequently, Australia&#8217;s biggest casino enterprise has abandoned proposals to [&hellip;]<\/p>\n","protected":false},"author":98,"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>James Packer Down Under: Aussie Focus for Crown Resorts<\/title>\n<meta name=\"description\" content=\"Gambling mogul James Packer scales back global ambitions to focus on Crown Resorts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crown Resorts Scales Back Global Ambitions to Focus on Australian Market\" \/>\n<meta property=\"og:description\" content=\"Gambling mogul James Packer scales back global ambitions to focus on Crown Resorts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Guide to the Best Licensed Casino Games &amp; Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-16T10:16:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:15:47+00:00\" \/>\n<meta name=\"author\" content=\"Haley &quot;Harmony&quot; Ayers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haley &quot;Harmony&quot; Ayers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/\",\"url\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/\",\"name\":\"James Packer Down Under: Aussie Focus for Crown Resorts\",\"isPartOf\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#website\"},\"datePublished\":\"2024-06-16T10:16:09+00:00\",\"dateModified\":\"2024-06-20T14:15:47+00:00\",\"author\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#\/schema\/person\/e2f324893148df6ca7a6eaac6184e2b5\"},\"description\":\"Gambling mogul James Packer scales back global ambitions to focus on Crown Resorts\",\"breadcrumb\":{\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/2024\/06\/16\/crown-resorts-scales-back-global-ambitions-to-focus-on-australian-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crown Resorts Scales Back Global Ambitions to Focus on Australian Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/#website\",\"url\":\"https:\/\/luckylegendsnodepositbonuscodes2024.icu\/\",\"name\":\"Your Guide to the Best Licensed Casino Games &amp; Latest News\",\"description\":\"Stay informed and enhance your gambling experience with our fresh casino news, in-depth reviews, and expert articles. 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