Crown Limited

Crown Limited

Type	Public (ASX: CWN)
Industry	Gaming, Tourism
Founded	31 May 2007[1]
Headquarters	Southbank, Melbourne, Australia
Key people	James Packer - Executive Chairman Rowen Craigie - Chief Executive Officer and Managing Director[2]
Revenue	A$2.3 billion 2008-09 [3]
Subsidiaries	Crown Melbourne Limited, Burswood Limited
Website	www.crownlimited.com

For pre-2007 company history, see Publishing and Broadcasting Limited.

Crown Limited (ASX: CWN) is one of Australia's largest gaming and entertainment groups. At June 2010, Crown Limited had a market capitalisation of just over A$6 billion and accounted for 27.53% of the S&P/ASX 200 Hotels Restaurants & Leisure Industry Group.^[4]

Crown Limited was established in 2007 when Publishing and Broadcasting Limited (PBL) divested its gaming assets to Crown Limited. PBL was renamed to Consolidated Media Holdings, retaining all of the remaining assets.^[5]

The group’s core businesses and investments are in the gaming and entertainment sector. Crown wholly owns and operates two of Australia’s leading gaming and entertainment complexes, Crown Entertainment Complex in Melbourne and Burswood Entertainment Complex in Perth.

Holdings

• Crown Entertainment Complex^[6]
• Burswood Entertainment Complex
• Aspinalls United Kingdom casinos (50%)
• Betfair Australasia Pty Ltd: an online betting exchange (50%)
• Gateway Casinos: casino operator in western Canada (50%)
• Fontainebleau Equity Holdings LLC: which owns Fontainebleau Resorts, the developer of casinos and resort properties (19.6%)
• Melco Crown Entertainment (Macau) Limited: a joint venture developing casino/hotel properties on the Cotai Strip in Macau (34%)

Crown holds a preferred instrument in Cannery Casino Resorts and is seeking regulatory approval in the US to have the preferred instrument converted to an equity interest representing 24.5% of the outstanding equity of Cannery Casino Resorts.^[7]

Gallery

• 

  Crown Entertainment Complex, Melbourne (CWN)

• 

  Burswood Entertainment Complex, Perth (CWN)

• 

  Altira Macau, Macau (MPEL)

• 

  City of Dreams, Macau (MPEL)

References

1. ^ ASIC Free Company Name Search
2. ^ http://www.crownlimited.com/senior_management/
3. ^ http://newcms.crown.roadhouse.com.au/Assets/Files/09.25%20-%202009%20Annual%20Report.pdf
4. ^ http://www.standardandpoors.com/indices/sp-asx-200/en/us/?indexId=spausta200audff--p-au----
5. ^ "PBL SCHEME AND DEMERGER SCHEME – MARKET UPDATE" (PDF). 2007-11-30. http://www.pbl.com.au/Images/Document/PBL%20SCHEME%20AND%20DEMERGER%20SCHEME%20-%20MARKET%20UPDATE.pdf. Retrieved 2007-12-16. 
6. ^ "PBL ANNOUNCES SPLIT INTO SEPARATE LISTED GAMING AND MEDIA COMPANIES" (PDF). 2007-05-08. http://www.pbl.com.au/Images/Document/PBL%20ANNOUNCES%20SPLIT%20INTO%202%20SEPARATE%20LISTED%20COMPANIES.pdf. Retrieved 2007-12-16. 
7. ^ About Crown