Tag: Robert Rankin

As Crown Resorts continues to iron out its global corporate structure, the company said it is well placed to tap future growth both in Australia and overseas. “Crown is in a sound financial position, our balance sheet is strong and we are well positioned to fund our current and proposed development projects,” writes Robert Rankin, chairman of Australia’s Crown Resorts,...

An announcement from Australian operator Crown Resorts that it would spin-off its international properties into a separate company was greeted by a sudden and dramatic leap in the value of its stock. Crown’s press statement resulted in a 13 per cent rise in its share-price on the Sydney stock exchange by close-of-play on June 16, despite a broader market trend...