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Crown
’Australia’s Packer raises casino stake
James Packer, Australia’s richest man, has raised the stakes in a bet that has so far lost at least $1bn, reports Bloomberg. Packer paid A$205m ($186m) to increase his stake in Crown, Australia’s largest casino owner,
Iceland pegs it
Reuters reports Iceland is bringing back the currency peg:
REYKJAVIK, Oct 7 (Reuters) – Iceland’s central bank will introduce a currency peg for the island’s crown at a value of 131 per euro, state radio said on Tuesday.
Packer’s Crown buys Cannery Casino
Crown, Australia’s biggest casino owner, agreed to buy Cannery Casino Resorts for $1.75bn cash, gaining its first operating venues in the US, reports Bloomberg. The acquisition will increase earnings and is subject to regulatory approval,