publishing and broadcasting limited . crown resorts limited type public traded as asx cwn industry gaming tourism predecessor publishing and broadcasting limited founded 31 may 2007 ; 9 years ago 2007 05 31 1 headquarters southbank melbourne australia key people robert rankin executive chairman 2 rowen craigie chief executive officer and managing director 3 revenue a 4.71 billion 2014 15 4 subsidiaries crown melbourne limited crown perth limited website www.crownlimited.com crown casino and entertainment complex serves as the global corporate headquarters crown resorts limited is one of australia s largest gaming and entertainment groups which had in june 2015 a market capitalisation of just over a 7.5 billion . crown wholly owns and operates two of australia s leading gaming and entertainment complexes crown casino and entertainment complex in melbourne and crown perth formerly the burswood entertainment complex in perth . contents 1 history 2 holdings 3 gallery 4 philanthropy 5 references 6 external links history edit the company 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 in december 2007 australian gaming company crown limited agreed to buy ccr for 1.75 billion . 6 the agreement was ended in march 2009 however with crown instead buying a 24.5 percent stake in the company for 370 million and paying a 50 million termination fee . 6 in 2008 crown attempted to enter the las vegas gambling market by acquiring a 19.6 per cent stake in fontainebleau resorts for us 250 million which resulted in a total loss the following year when other investors withdrew us 800 million financing resulting in bankruptcy applications . 7 this was one of a succession of similar major losses in gateway casinos harrah s entertainment and station casinos from which a total of 547.5 million was written off . 8 in september 2013 the sri lankan government gave approval to crown s chairman and largest shareholder james packer to invest in crown sri lanka in the heart of the sri lankan capital colombo . the project was to be completed by 2015 . however when a new government took office president maithripala sirisena canceled all three casino licenses awarded by the previous administration ; including the crown resorts project . 9 ground broke in 2015 and will open in 2017 . in august 2014 betfair completed the sale of their 50 % stake in betfair australia to venture partner crown resorts one of australia s largest gaming and entertainment groups . 10 in august 2014 crown bought the site of the new frontier hotel and casino on the las vegas strip with the intent to build a new hotel beginning in 2015 . 11 in december 2014 james packer signed a deal with matthew tripp which gained packer control over tripp s online betting platform beteasy . 12 on 26 june 2015 crown officially announced that the new hotel called alon las vegas will be located in the former new frontier site . groundbreaking began later that year and will open in 2018 . 13 in 2016 ground broke on crown sydney and will open in 2020 . citation needed holdings edit crown melbourne entertainment complex 100 % 14 15 crown perth 100 % 14 crown sydney crownbet a joint venture . 67 % aspinalls united kingdom casinos 50 % 14 betfair australasia pty ltd an online betting exchange 50 % 14 melco crown entertainment a joint venture with melco international development developing casino hotel properties on the cotai strip in macau including city of dreams and altira macau 34 % 14 cannery casino resorts llc operates casinos and hotels in nevada and western pennsylvania usa 24.5 % 14 crown sri lanka 45 % 16 a proposed joint venture property in colombo sri lanka 16 to be reportedly built through the lake leisure holdings consortium in 2017 . 17 alon las vegas resort and casino opening in 2018 . gallery edit crown entertainment complex melbourne cwn crown perth perth cwn altira macau macau mpel city of dreams macau mpel philanthropy edit the company s crown resorts foundation makes grants to the arts community welfare education health care and the environment . in july 2014 crown s chairman and largest shareholder james packer launched a new initiative the national philanthropic fund to which his family foundation and the crown foundation would each contribute 100 million over ten years to support community projects in australia . 18 references edit crown resorts limited at asic national names index board of directors crown resorts crown resorts . crownlimited.com . 2008 06 30 . retrieved 2016 08 07 . senior management crown resorts crown resorts . crownlimited.com . retrieved 2016 08 07 . crown limited annual report 2015 pdf . crownresorts.com.au . retrieved 2016 08 07 . pbl scheme and demerger scheme market update pdf . 2007 11 30 . retrieved 2007 12 16 . dead link a b stutz howard 13 march 2009 . plan to buy cannery casino resorts falls apart . las vegas review journal . retrieved 23 march 2012 . carson vanda packer s us casino gamble in 250m loss sydney morning herald 11 june 2009 tabakoff nick why james packer attracts so much publicity the australian business 7 march 2009 sri lanka s new government cancels new casino licenses . news.worldcasinodirectory.com . 2015 02 03 . retrieved 2016 08 07 . betfair sells 50pc stake in australian business . 13 august 2014 . retrieved 23 march 2014 . business 2014 08 05 . james packer snaps up las vegas site . smh.com.au . retrieved 2016 08 07 . james packer to work in collaboration with matthew tripp . casino news daily . vision for alon las vegas resort on former new frontier site is filed with county . vegas inc. 2015 06 26 . retrieved 2016 08 07 . a b c d e f 1 dead link pbl announces split into separate listed gaming and media companies pdf . 2007 05 08 . archived from the original pdf on 27 september 2007 . retrieved 2007 12 16 . a b crown confirms it is in discussions to develop an integrated resort in sri lanka pdf . asx.com.au . retrieved 2016 08 07 . james packer wins casino deal in sri lanka . the australian . retrieved 2016 08 07 . james packer leaves 200 million on the table . the daily telegraph . retrieved 25 july 2014 . external links edit official website v t e crown resorts crown crown melbourne crown perth crown sydney crownbet 67 % stake aspinall s 50 % stake betfair australasia 50 % stake gateway casinos 50 % stake crown sri lanka 45 % stake melco crown entertainment 34 % altira macau city of dreams macau city of dreams manila studio city macau v t e s & p asx 50 companies of australia s & p asx 200 agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity wesfarmers westfield westpac woodside petroleum woolworths v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff 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