Business
Crown Resorts could be forced to repay $175m if credit rating is cut further – The Guardian
The casino operator is banking on selling apartments at Barangaroo to pay down debt as it awaits the outcome of a NSW government inquiry
James Packers Crown Resorts is in danger of being forced to repay more than $175m if credit ratings agencies continue to mark down the casino empire.
The group is banking on selling apartments at its Barangaroo development, on Sydneys harbour, to reduce its debt load, as it awaits a crucial final report from an inquiry into its affairs that is due to be handed to the New South Wales government by Monday.
In late November, ratings agency Moodys cut Crowns score to Baa3, one notch above junk. It also…
-
General23 hours agoAlbanese government to freeze construction code until 2029, fast-track housing approvals
-
Business24 hours agoWhy this fantastic blue chip ASX 200 share could rise 20%
-
General16 hours agoPhotographers reveal iconic image of Gough Whitlam and Vincent Lingiari was posed on Wave Hill Walk-Off anniversary
-
Noosa News14 hours agoDog daycare program a TikTok hit for helping disabled find work, friends