Comparative review

It’s been a busy year for Crown. Executive chairman James Packer demonstrated savvy corporate brinkmanship when, after a few dubious changes to NSW legislation, Crown was handed the rights to develop a new hotel/casino at Sydney's Barangaroo precinct when rival Echo Entertainment’s exclusive NSW casino license lapses in 2019. Elsewhere Crown’s stake in US-listed Melco is proving a shrewd investment, with earnings from its Macau properties tripling this year. The market has welcomed these moves with Crown’s share price up 25% this year. Still, investors should bear in mind that casinos are capital-intensive businesses. Profit growth isn’t free and...

It’s been a busy year for Crown. Executive chairman James Packer demonstrated savvy corporate brinkmanship when, after a few dubious changes to NSW legislation, Crown was handed the rights to develop a new hotel/casino at Sydney's Barangaroo precinct when rival Echo Entertainment’s exclusive NSW casino license lapses in 2019.

Elsewhere Crown’s stake in US-listed Melco is proving a shrewd investment, with earnings from its Macau properties tripling this year.

The market has welcomed these moves with Crown’s share price up 25% this year.

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