Implementing a ‘comprehensive strategic change’ James Packer’s Crown Resorts (Crown) will scale back on all its international investments and ambitions, to focus on growing its Australian home enterprises. Confirming its corporate strategy change, Crown will no longer spin-off its international assets into a separate enterprise seeking an ASX-listing (plan announced in May 2016). Fully committing to Crown home markets, Packer …
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Melcolot enters advanced negotiations for Tbilisi casino project
Asian gambling investment firm Melcolot Ltd has announced that it is in advanced stages to proceed with its Georgia casino project. The firm had outlined to November 2014 that it coveted opening a casino in Tbilisi, and that management had started to discuss terms with local officials. The news of the advanced staged discussions with the Georgian government have been …
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